TJX Companies Target of Unusually High Options Trading (NYSE:TJX)

The TJX Companies, Inc. (NYSE:TJX) was the target of unusually large options trading on Wednesday. Traders acquired 19,029 call options on the stock. This represents an increase of 67% compared to the average daily volume of 11,421 call options.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TJX shares. Wells Fargo & Company upped their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. UBS Group raised their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Barclays boosted their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. TD Cowen raised their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets upped their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.47.

TJX Companies Stock Up 0.1 %

TJX Companies stock traded up $0.16 during midday trading on Thursday, reaching $126.36. The company’s stock had a trading volume of 4,491,371 shares, compared to its average volume of 5,605,141. TJX Companies has a 52-week low of $87.44 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market capitalization of $142.52 billion, a P/E ratio of 29.73, a PEG ratio of 3.10 and a beta of 0.89. The stock’s 50-day simple moving average is $116.97 and its 200-day simple moving average is $112.98.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s payout ratio is currently 35.29%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TJX Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in TJX. New Covenant Trust Company N.A. purchased a new position in shares of TJX Companies in the 1st quarter valued at about $122,000. Rokos Capital Management LLP acquired a new position in TJX Companies during the first quarter worth $26,459,000. Wahed Invest LLC grew its position in shares of TJX Companies by 14.4% in the first quarter. Wahed Invest LLC now owns 22,498 shares of the apparel and home fashions retailer’s stock valued at $2,282,000 after purchasing an additional 2,826 shares during the period. Strategic Wealth Partners Ltd. raised its position in shares of TJX Companies by 8.2% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 59,358 shares of the apparel and home fashions retailer’s stock worth $6,020,000 after purchasing an additional 4,485 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in TJX Companies in the 1st quarter valued at about $323,000. Institutional investors and hedge funds own 91.09% 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 in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.