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

The TJX Companies, Inc. (NYSE:TJX) was the target of some unusual options trading on Thursday. Traders acquired 13,386 call options on the company. This represents an increase of approximately 54% compared to the average volume of 8,697 call options.

Hedge Funds Weigh In On TJX Companies

Several hedge funds and other institutional investors have recently modified their holdings of TJX. One Capital Management LLC boosted its stake in shares of TJX Companies by 27.8% in the 2nd quarter. One Capital Management LLC now owns 3,331 shares of the apparel and home fashions retailer’s stock valued at $367,000 after purchasing an additional 725 shares in the last quarter. Plancorp LLC lifted its stake in TJX Companies by 3.6% in the 2nd quarter. Plancorp LLC now owns 2,930 shares of the apparel and home fashions retailer’s stock valued at $323,000 after purchasing an additional 103 shares during the last quarter. Perennial Investment Advisors LLC boosted its position in TJX Companies by 22.6% in the second quarter. Perennial Investment Advisors LLC now owns 4,527 shares of the apparel and home fashions retailer’s stock valued at $498,000 after buying an additional 834 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of TJX Companies by 15.4% during the second quarter. Axxcess Wealth Management LLC now owns 16,397 shares of the apparel and home fashions retailer’s stock worth $1,805,000 after buying an additional 2,186 shares during the last quarter. Finally, E Fund Management Co. Ltd. acquired a new position in shares of TJX Companies during the second quarter worth $521,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.4 %

TJX stock opened at $121.89 on Friday. TJX Companies has a 52 week low of $92.35 and a 52 week high of $128.00. The business has a 50-day simple moving average of $122.48 and a 200 day simple moving average of $117.38. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market cap of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. Sell-side analysts anticipate that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Cowen lifted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Evercore ISI lifted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Jefferies Financial Group increased their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

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.