TJX Companies CEO Ernie Herrman sells shares worth $2.1 million

Published 24/03/2025, 22:04
TJX Companies CEO Ernie Herrman sells shares worth $2.1 million

In a recent transaction, Ernie Herrman, the CEO and President of TJX Companies Inc. (NYSE:TJX), sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Herrman sold a total of 18,000 shares of common stock on March 20, 2025. The shares were sold in two separate transactions. With TJX trading at a P/E ratio of 27.7x and showing strong financial health according to InvestingPro analysis, the stock currently trades above its calculated Fair Value.

The first transaction involved the sale of 15,000 shares at a weighted average price of $116.54, generating approximately $1.75 million. The second transaction saw 3,000 shares sold at an average price of $116.56, amounting to roughly $349,665. Following these sales, Herrman retains direct ownership of 466,189 shares of TJX Companies, which now commands a market capitalization of $134.5 billion.

These transactions reflect Herrman’s continued management of his equity stake in the retail giant, which operates popular off-price retail chains such as T.J. Maxx and Marshalls. The sales were executed at prices ranging from $116.47 to $116.58 for the first batch and from $116.55 to $116.56 for the second. As a prominent player in the Specialty Retail industry, TJX has maintained dividend payments for 46 consecutive years, with a recent dividend yield of 1.29%. Get access to more detailed insights and 12 additional ProTips with InvestingPro.

In other recent news, The TJX Companies reported fourth-quarter 2025 earnings that surpassed analyst expectations, with an earnings per share (EPS) of $1.23 compared to the forecasted $1.16. The company also reported revenue of $16.35 billion, exceeding the anticipated $16.19 billion. Following this announcement, UBS maintained a Buy rating on TJX with a $158 price target, citing the company’s strong market position and growth potential. Meanwhile, TD Cowen adjusted their price target for TJX to $137, slightly down from $138, but reiterated their Buy rating, highlighting the company’s robust business model and margin improvements.

BMO Capital Markets increased their price target for TJX to $145, maintaining an Outperform rating after the company reported a strong performance across all business segments. This positive performance was reflected in better-than-expected comparable store sales and a healthy gross margin. Despite setting conservative guidance for the upcoming fiscal year, TJX management remains optimistic about long-term growth opportunities.

In related developments, TD Cowen analysts adjusted their outlook on Ross Stores (NASDAQ:ROST), reducing the price target to $175 from $180, while maintaining a Buy rating. They noted the valuation gap between Ross Stores and TJX Companies, despite Ross’s capabilities to deliver comparable sales growth. These recent developments in the retail sector highlight the varying analyst perspectives on the performance and potential of major players like The TJX Companies and Ross Stores.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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