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

The TJX Companies, Inc. (NYSE:TJX) saw some unusual options trading activity on Thursday. Traders bought 22,354 call options on the company. This is an increase of approximately 116% compared to the typical volume of 10,339 call options.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TJX Companies

A number of hedge funds have recently bought and sold shares of TJX. Prostatis Group LLC raised its stake in shares of TJX Companies by 14.3% during the 4th quarter. Prostatis Group LLC now owns 2,275 shares of the apparel and home fashions retailer’s stock worth $275,000 after buying an additional 285 shares during the period. DSG Capital Advisors LLC purchased a new stake in TJX Companies in the 4th quarter worth $4,713,000. Chancellor Financial Group WB LP acquired a new position in TJX Companies during the fourth quarter worth $249,000. 111 Capital purchased a new position in TJX Companies during the fourth quarter valued at $1,074,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of TJX Companies by 49.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 925,279 shares of the apparel and home fashions retailer’s stock valued at $111,783,000 after purchasing an additional 305,942 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $118.06 on Friday. 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 company has a 50 day moving average price of $121.61 and a 200-day moving average price of $120.20. TJX Companies has a 1-year low of $92.35 and a 1-year high of $128.00. The firm has a market cap of $132.72 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Equities research analysts forecast that TJX Companies will post 4.18 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TJX shares. Guggenheim upped their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group upped their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Company Profile

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.