The SEVP – Group President of TJX Companies (NYSE: TJX) is Selling Shares

By Carrie Williams

Today, the SEVP – Group President of TJX Companies (NYSE: TJX), Kenneth Canestrari, sold shares of TJX for $533.1K.

Following Kenneth Canestrari’s last TJX Sell transaction on April 18, 2016, the stock climbed by 2.5%.

Based on TJX Companies’ latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $8.29 billion and quarterly net profit of $550 million. In comparison, last year the company earned revenue of $7.75 billion and had a net profit of $587 million. The company has a one year high of $83.64 and a one year low of $65.64. TJX’s market cap is $52.08B and the company has a P/E ratio of 23.19.

Based on 12 analyst ratings, the analyst consensus is Strong Buy with an average price target of $82.83, reflecting a -4.6% downside.

The insider sentiment on TJX Companies has been neutral according to 42 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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The TJX Cos., Inc. operates as an off-price apparel and home fashions retailer in the United States and worldwide. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. The Marmaxx segment sells family apparel including footwear and accessories, home fashions including home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, and other merchandise. The HomeGoods segment offers home basics, giftware, accent furniture, lamps, rugs, wall décor, and decorative accessories. The TJX Canada segment operates the Winners, Marshalls, and HomeSense chains in Canada. The TJX Europe segment operates T.K. Maxx and HomeSense chains in Europe. The company was founded by Stanley Harris Feldberg and Sumner L. Feldberg in 1956 and is headquartered in Framingham, MA.