The TJX Companies, Inc. (NYSE:TJX – Get Rating) was the target of some unusual options trading activity on Wednesday. Investors acquired 21,367 call options on the company. This represents an increase of 150% compared to the typical daily volume of 8,530 call options.
TJX Companies Stock Performance
NYSE TJX opened at $77.99 on Friday. TJX Companies has a 1 year low of $53.69 and a 1 year high of $79.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.17 and a quick ratio of 0.47. The stock has a market capitalization of $90.55 billion, a PE ratio of 27.85, a P/E/G ratio of 2.30 and a beta of 0.90. The company’s 50 day simple moving average is $67.39 and its two-hundred day simple moving average is $63.30.
TJX Companies (NYSE:TJX – Get Rating) last posted its quarterly earnings data on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $11.84 billion for the quarter, compared to analysts’ expectations of $12.05 billion. TJX Companies had a net margin of 6.77% and a return on equity of 61.19%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS. Analysts predict that TJX Companies will post 3.12 earnings per share for the current fiscal year.
TJX Companies Announces Dividend
Analyst Upgrades and Downgrades
Several brokerages have issued reports on TJX. Telsey Advisory Group raised their price target on TJX Companies from $86.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday. Credit Suisse Group boosted their price objective on shares of TJX Companies from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday. The Goldman Sachs Group boosted their price objective on shares of TJX Companies from $71.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday. Barclays boosted their price objective on shares of TJX Companies from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, August 19th. Finally, Bank of America upped their price target on shares of TJX Companies from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.32.
Insider Activity at TJX Companies
In related news, CEO Ernie Herrman sold 50,282 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the completion of the sale, the chief executive officer now directly owns 696,439 shares of the company’s stock, valued at approximately $45,895,330.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On TJX Companies
A number of large investors have recently added to or reduced their stakes in the company. CENTRAL TRUST Co lifted its position in TJX Companies by 2.6% during the 3rd quarter. CENTRAL TRUST Co now owns 48,865 shares of the apparel and home fashions retailer’s stock valued at $3,036,000 after acquiring an additional 1,253 shares during the period. IMS Capital Management raised its holdings in TJX Companies by 6.3% in the third quarter. IMS Capital Management now owns 5,725 shares of the apparel and home fashions retailer’s stock worth $356,000 after buying an additional 339 shares during the last quarter. Cape Cod Five Cents Savings Bank raised its holdings in TJX Companies by 3.2% in the third quarter. Cape Cod Five Cents Savings Bank now owns 91,162 shares of the apparel and home fashions retailer’s stock worth $5,663,000 after buying an additional 2,850 shares during the last quarter. Warther Private Wealth LLC purchased a new position in TJX Companies in the third quarter worth about $363,000. Finally, Advisors Capital Management LLC raised its holdings in TJX Companies by 7.2% in the third quarter. Advisors Capital Management LLC now owns 568,825 shares of the apparel and home fashions retailer’s stock worth $41,558,000 after buying an additional 38,077 shares during the last quarter. Institutional investors own 90.42% of the company’s stock.
About TJX Companies
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; and other merchandise.
- Get a free copy of the StockNews.com research report on TJX Companies (TJX)
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