Stock 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. Stock investors acquired 22,354 call options on the company. This represents an increase of approximately 116% compared to the typical daily volume of 10,339 call options.

Analyst Ratings Changes

Several equities analysts recently weighed in on TJX shares. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. BMO Capital Markets upped their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group lifted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.06.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the 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 $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Howard Capital Management Group LLC increased its holdings in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after buying an additional 69,489 shares during the period. Centaurus Financial Inc. bought a new stake in TJX Companies during the 3rd quarter valued at $101,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies in the 3rd quarter valued at $29,000. Patton Albertson Miller Group LLC raised its position in shares of TJX Companies by 28.7% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 3,050 shares of the apparel and home fashions retailer’s stock worth $358,000 after acquiring an additional 680 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of TJX Companies during the 3rd quarter worth $922,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Down 2.1 %

NYSE:TJX opened at $118.06 on Friday. The stock has a fifty day simple moving average of $121.61 and a 200-day simple moving average of $120.20. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company 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 has a twelve month low of $92.35 and a twelve month high of $128.00.

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

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.