Insider Selling at The TJX Companies Not Necessarily Cause for Concern

Excerpt from our One Page Annotated Wall Street Journal Summary (receive it by email every morning by signing up here):

INSIDE TRACK: TJX Insiders Sell As Shares Climb To 52-Week High

• Summary: When the share price of discount retail operator The TJX Companies Inc. (TJX) hit its 52-week high recently, insiders sold off more than $40 million worth of stock -- the largest at the company in any given month for at least six years. The company operates stores under the T.J. Maxx and Marshalls brand names. Analysts are not concerned that the sales are an indication that shares will cease climbing. Says Jefferies & Co. analyst Donald Trott, "The best time [to sell] -- if you're going to do it periodically -- is after a spike. Now it's not to say that it can't go higher ... but it's not surprising that they would be selling some stock."
• Related links: Discount Retailer Operating Income Growth ♦ Retailers Starting to Feel an Economic Pinch ♦ This Could Be TJ Maxx's Turnaround Year ♦ Insider Trading — How it Works and Some Companies to Watch
• Conference call transcripts: The TJX Companies Q2 2007 Earnings Conference Call Transcript

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