Stock Traders Purchase Large Volume of Call Options on TJX Companies (NYSE:TJX)

The TJX Companies, Inc. (NYSE:TJXGet 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:TJXGet 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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, November 9th. TJX Companies’s dividend payout ratio is currently 42.14%.

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

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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.

Further Reading

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