Ernie Herrman - T.J. Maxx President, Chief Executive Officer, Director

TJX Stock  USD 95.28  0.78  0.83%   

CEO

Mr. Ernie L. Herrman is President, Chief Executive Officer, Director of The TJX Companies, Inc. He served as Senior Executive Vice President, Group President from August 2008 to January 2011, with responsibilities for The Marmaxx Group, HomeGoods and TJX Canada President of Marmaxx from 2005 to 2008 and Senior Executive Vice President, Chief Operating Officer of Marmaxx from 2004 to 2005. From 1989 to 2004, he held various merchandising positions with TJX. As Chief Executive Officer and President of TJX, and through the many other positions Mr. Herrman has held with the company, Mr. Herrman has a deep understanding of TJX and broad experience in all aspects of offprice retail, including merchandising, management, leadership development, strategy, international operations, marketing, real estate, buying, and distribution. since 2016.
Age 63
Tenure 8 years
Address 770 Cochituate Road, Framingham, MA, United States, 01701
Phone508 390 1000
Webhttps://www.tjx.com

Latest Insider Transactions

2024-03-21Disposed of 20000 shares @ 98.98View
2023-12-07Disposed of 17000 shares @ 89.06View
2023-11-17Disposed of 35907 shares @ 89.29View
2023-08-17Disposed of 45000 shares @ 89.04View

Ernie Herrman Latest Insider Activity

Tracking and analyzing the buying and selling activities of Ernie Herrman against T.J. Maxx stock is an integral part of due diligence when investing in T.J. Maxx. Ernie Herrman insider activity provides valuable insight into whether T.J. Maxx is net buyers or sellers over its current business cycle. Note, T.J. Maxx insiders must abide by specific rules, including filing SEC forms every time they buy or sell T.J. Maxx'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

T.J. Maxx Management Efficiency

The company has Return on Asset of 0.1247 % which means that on every $100 spent on assets, it made $0.1247 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.6548 %, implying that it generated $0.6548 on every 100 dollars invested. T.J. Maxx's management efficiency ratios could be used to measure how well T.J. Maxx manages its routine affairs as well as how well it operates its assets and liabilities. At this time, T.J. Maxx's Return On Tangible Assets are fairly stable compared to the past year. Return On Capital Employed is likely to rise to 0.51 in 2024, whereas Return On Equity is likely to drop 0.52 in 2024. At this time, T.J. Maxx's Asset Turnover is fairly stable compared to the past year.
The company has 12.54 B in debt with debt to equity (D/E) ratio of 2.23, meaning that the company heavily relies on borrowing funds for operations. TJX Companies has a current ratio of 1.14, demonstrating that it may have difficulties to pay its financial commitments when the payables are due. Debt can assist T.J. Maxx until it has trouble settling it off, either with new capital or with free cash flow. So, T.J. Maxx's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like TJX Companies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for T.J. to invest in growth at high rates of return. When we think about T.J. Maxx's use of debt, we should always consider it together with cash and equity.

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The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. The company was incorporated in 1962 and is headquartered in Framingham, Massachusetts. T.J. Maxx operates under Apparel Retail classification in the United States and is traded on New York Stock Exchange. It employs 340000 people. The TJX Companies (TJX) is traded on New York Stock Exchange in USA. It is located in 770 Cochituate Road, Framingham, MA, United States, 01701 and employs 349,000 people. T.J. Maxx is listed under Specialty Retail category by Fama And French industry classification.

Management Performance

TJX Companies Leadership Team

Elected by the shareholders, the T.J. Maxx's board of directors comprises two types of representatives: T.J. Maxx inside directors who are chosen from within the company, and outside directors, selected externally and held independent of T.J.. The board's role is to monitor T.J. Maxx's management team and ensure that shareholders' interests are well served. T.J. Maxx's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, T.J. Maxx's outside directors are responsible for providing unbiased perspectives on the board's policies.
Louise Greenlees, Senior President
Douglas Mizzi, Senior Executive Vice President Group President
Zein Abdalla, Independent Director
Nan Stutz, Senior Executive Vice President Group President
Amy Lane, Independent Director
Jeff Botte, Vice Relations
Willow Shire, Independent Director
David Ching, Independent Director
Ernie Herrman, President, Chief Executive Officer, Director
Alan Bennett, Lead Independent Director
John Klinger, Executive CFO
Richard Sherr, Senior Executive Vice President, Group President
Jose Alvarez, Independent Director
C Goodwin, Independent Director
Carol Meyrowitz, Executive Chairman of the Board
Rosemary Berkery, Independent Director
John OBrien, Lead Independent Director
Debra McConnell, Senior Vice President Global Communications
Michael MacMillan, Sr. Executive VP and Group Pres
Alicia Kelly, Secretary VP
William Swanson, Director
Scott Goldenberg, Chief Financial Officer, Senior Executive Vice President
Jackwyn Nemerov, Independent Director
Michael Hines, Independent Director
Kenneth Canestrari, Senior Executive Vice President Group President
Jos Alvarez, Independent Director
Bernard Cammarata, Founder Advisor

T.J. Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is T.J. Maxx a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether TJX Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of T.J. Maxx's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The Tjx Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on The Tjx Companies Stock:
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Is T.J. Maxx's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of T.J. Maxx. If investors know T.J. will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about T.J. Maxx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.368
Dividend Share
1.33
Earnings Share
3.86
Revenue Per Share
47.31
Quarterly Revenue Growth
0.13
The market value of TJX Companies is measured differently than its book value, which is the value of T.J. that is recorded on the company's balance sheet. Investors also form their own opinion of T.J. Maxx's value that differs from its market value or its book value, called intrinsic value, which is T.J. Maxx's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because T.J. Maxx's market value can be influenced by many factors that don't directly affect T.J. Maxx's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between T.J. Maxx's value and its price as these two are different measures arrived at by different means. Investors typically determine if T.J. Maxx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, T.J. Maxx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.