TJX CEO Carol Meyrowitz Sold $5,344,749 Worth of Shares
On June 1, 2012,Carol Meyrowitz, the CEO of The TJX Companies Inc., sold 127,014 shares of stock at the average price of $42.08. The total transaction amount was a little over $5.3 million.
Meyrowitz is currently serving as Chief Executive Officer of TJX, but she has also been a director and president of the company. She was senior executive vice president from 2004 to early 2005, executive vice president from 2001 to 2004 and president of The Marmaxx Group from 2001 to January 2005. She has held many senior management positions with former divisions of TJX and is also a director of Staples Inc. and Amscan Holdings Inc.
Carol Meyrowitz has also sold more than 200,000 shares in March at the average price of $37.39, and more than 100,000 shares in January at the average price of $32.76. Jeffrey G. Naylor, CFO and senior executive vice president of TJX, sold almost 200,000 shares in January. Other directors and officers have also sold shares of TJX stock during April and May.
GuruFocus guru Ray Dalio bought about 14,000 shares in the first quarter of 2012. Chuck Akre owns 971,520 shares as of May 31, 2012, a 82.78% increase since the previous quarter. Eight gurus kept positions in TJX unchanged or slightly adjusted. A decrease of 70% from the previous quarter, John Hussman owns 450,000 shares of TJX stock as of May 31, 2012.
On May 15, TJX Companies Inc. reported their sales and earnings results for the 2012 first quarter results, ended April 28, 2012. The company announced that net sales had increase to $5.8 billion, and net income for the first quarter was $419 million and diluted earnings per share were $.55.