Investors Purchase 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 13,386 call options on the company. This is an increase of 54% compared to the typical daily volume of 8,697 call options.

TJX Companies Stock Performance

TJX opened at $121.42 on Friday. TJX Companies has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a market cap of $136.49 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.94 and a beta of 0.91. The company’s fifty day moving average price is $122.39 and its two-hundred day moving average price is $117.35. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. TJX Companies’s payout ratio is 35.29%.

Institutional Investors Weigh In On TJX Companies

Institutional investors have recently bought and sold shares of the stock. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies during the 4th quarter worth $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the third quarter valued at about $29,000. Truvestments Capital LLC purchased a new position in TJX Companies during the third quarter worth about $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies during the third quarter worth about $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in TJX Companies in the 3rd quarter worth about $30,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TJX shares. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. TD Cowen boosted their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Jefferies Financial Group raised their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average 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.