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

TJX, Inc. companies (NYSE: TJXGet a rating) saw unusually heavy options trading activity on Friday. Traders bought 11,629 call options on the stock. This represents a 69% increase from the average volume of 6,894 call options.

TJX companies are trading up 1.9%

NYSE TJX traded at $1.27 during Friday’s trading, reaching $66.63. 92,752 shares of the stock traded in hands, compared to its average volume of 4,984,433. The company has a market capitalization of $77.36 billion, a price-earnings ratio of 23.34, a price-earnings ratio of growth of 2.05 and a beta of 0.85. The stock’s 50-day moving average price is $64.37 and its 200-day moving average price is $61.98. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt ratio of 0.53. TJX Companies has a fifty-two week low of $53.69 and a fifty-two week high of $77.35.

TJX Companies (NYSE: TJXGet a rating) last released its quarterly earnings data on Wednesday, August 17. The homewear and fashion retailer reported earnings per share (EPS) of $0.69 for the quarter, beating analyst consensus estimates of $0.67 by $0.02. The company posted revenue of $11.84 billion in the quarter, compared to $12.05 billion expected by analysts. TJX Companies had a net margin of 6.77% and a return on equity of 61.19%. The company’s revenue for the quarter was down 1.9% year over year. In the same quarter of the previous year, the company had earned earnings per share of $0.79. Analysts predict that TJX companies will post EPS of 3.11 for the current year.

TJX Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1. Shareholders of record on Thursday, November 10 will receive a dividend of $0.295. This represents a dividend of $1.18 on an annualized basis and a yield of 1.77%. The ex-dividend date is Wednesday, November 9. TJX Companies’ payout ratio is currently 42.14%.

Insiders place their bets

In other news, CFO Scott Goldenberg sold 16,551 shares of the company in a transaction dated Thursday, August 18. The shares were sold at an average price of $68.00, for a total transaction of $1,125,468.00. Following completion of the transaction, the CFO now directly owns 102,576 shares of the company, valued at approximately $6,975,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. In other news, CFO Scott Goldenberg sold 16,551 shares of the company in a transaction dated Thursday, August 18. The shares were sold at an average price of $68.00, for a total transaction of $1,125,468.00. Following completion of the transaction, the CFO now directly owns 102,576 shares of the company, valued at approximately $6,975,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, President Carole Meyrowitz sold 70,720 shares of the company in a transaction dated Thursday, August 18. The stock was sold at an average price of $67.62, for a total transaction of $4,782,086.40. As a result of the transaction, the president now directly owns 264,967 shares of the company, valued at $17,917,068.54. Disclosure of this sale can be found here. Insiders sold 146,375 shares of the company worth $9,821,034 in the past ninety days. Insiders hold 0.19% of the company’s shares.

Institutional entries and exits

A number of institutional investors have been buying and selling shares of TJX recently. GPS Wealth Strategies Group LLC increased its position in TJX Companies shares by 119.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 452 shares of the homewear and fashion retailer worth $25,000 after buying 246 additional shares last quarter. Financial Management Professionals Inc. raised its position in shares of TJX Companies by 117.7% in the second quarter. Financial Management Professionals Inc. now owns 468 shares of the homewear and fashion retailer worth $26,000 after buying 253 additional shares in the last quarter. Grayhawk Investment Strategies Inc. bought a new stake in shares of TJX Companies in the second quarter worth $26,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of TJX Companies in the third quarter worth $27,000. Finally, Northern Oak Wealth Management Inc. bought a new stake in shares of TJX Companies in the second quarter worth $28,000. Institutional investors hold 90.42% of the company’s shares.

Analysts set new price targets

TJX has been the subject of several analyst reports. Cowen raised his price target on TJX Companies stock from $72.00 to $77.00 and gave the company an “outperform” rating in a Thursday, Aug. 18, report. Barclays raised its price target on TJX Companies shares from $72.00 to $76.00 and gave the company an “overweight” rating in a Friday, August 19 report. Robert W. Baird raised the target price of TJX Companies stock from $74.00 to $77.00 and gave the stock an “outperform” rating in a Thursday, Aug. 18 research note. William Blair reaffirmed an “outperform” rating on TJX Companies stock in a Wednesday, August 17 research note. Finally, Loop Capital raised its target price on shares of TJX Companies from $60.00 to $65.00 in a Friday, August 19 research note. Six equity research analysts gave the stock a hold rating and twelve gave the stock a buy rating. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $74.94.

Company Profile TJX Companies

(Get a rating)

The TJX Companies, Inc., together with its subsidiaries, operates as a low-cost home fashion and apparel retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. The company sells family clothing, including shoes and accessories; home fashion items, such as home staples, furniture, rugs, lighting products, gift items, home products, decorative accessories, table tops and kitchen utensils, as well as expanded departments for pets, children and gourmet foods; jewelry and accessories; and other goods.

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