Have Insiders Sold TJX Companies Shares Recently?

We wouldn't blame The TJX Companies, Inc. (NYSE:TJX) shareholders if they were a little worried about the fact that Ernie Herrman, the CEO, President & Director recently netted about US$2.9m selling shares at an average price of US$123. However, that sale only accounted for 4.6% of their holding, so arguably it doesn't say much about their conviction.

View our latest analysis for TJX Companies

The Last 12 Months Of Insider Transactions At TJX Companies

Notably, that recent sale by Ernie Herrman is the biggest insider sale of TJX Companies shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$119. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in TJX Companies didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does TJX Companies Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that TJX Companies insiders own 0.1% of the company, worth about US$159m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The TJX Companies Insider Transactions Indicate?

Insiders sold TJX Companies shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, TJX Companies makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TJX Companies. Every company has risks, and we've spotted 1 warning sign for TJX Companies you should know about.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.