Investors Purchase Large Volume of TJX Companies Put Options (NYSE:TJX)

TJX Companies Inc (NYSE:TJX) was the target of unusually large options trading activity on Thursday. Investors bought 5,566 put options on the stock. This is an increase of approximately 1,024% compared to the typical daily volume of 495 put options.

Shares of NYSE:TJX opened at $51.39 on Friday. The company has a 50 day moving average of $54.03 and a 200 day moving average of $52.74. The stock has a market cap of $62.32 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.87 and a beta of 0.73. TJX Companies has a 12 month low of $41.49 and a 12 month high of $57.15. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.21 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. TJX Companies’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.13 earnings per share. On average, equities analysts forecast that TJX Companies will post 2.63 earnings per share for the current fiscal year.



The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 annualized dividend and a yield of 1.79%. TJX Companies’s dividend payout ratio is currently 43.60%.

TJX has been the topic of several research reports. Nomura boosted their price target on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Credit Suisse Group boosted their price target on shares of TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. MKM Partners boosted their price target on shares of TJX Companies to $62.00 in a research report on Thursday, May 23rd. ValuEngine lowered shares of TJX Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Cowen set a $63.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $58.80.

In other news, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total value of $75,998.00. Following the sale, the executive vice president now owns 117,228 shares of the company’s stock, valued at $6,019,657.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the sale, the director now directly owns 28,771 shares in the company, valued at approximately $1,501,846.20. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. grew its stake in TJX Companies by 31.9% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 4,315,274 shares of the apparel and home fashions retailer’s stock worth $228,193,000 after buying an additional 1,042,674 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in TJX Companies in the 2nd quarter worth approximately $202,000. Prestige Wealth Management Group LLC purchased a new position in TJX Companies in the 2nd quarter worth approximately $25,000. Mutual Advisors LLC grew its stake in TJX Companies by 12.5% in the 2nd quarter. Mutual Advisors LLC now owns 8,352 shares of the apparel and home fashions retailer’s stock worth $442,000 after buying an additional 927 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in TJX Companies by 21.3% in the 2nd quarter. California Public Employees Retirement System now owns 9,691,809 shares of the apparel and home fashions retailer’s stock worth $512,503,000 after buying an additional 1,701,891 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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