TJX Companies Target of Unusually High Options Trading (NYSE:TJX)

The TJX Companies, Inc. (NYSE:TJX) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 23,510 call options on the company. This represents an increase of approximately 333% compared to the typical volume of 5,434 call options.

TJX Companies Trading Up 0.4%

TJX Companies stock traded up $0.67 during mid-day trading on Tuesday, hitting $150.92. 4,697,496 shares of the stock were exchanged, compared to its average volume of 5,068,914. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. TJX Companies has a 12 month low of $119.84 and a 12 month high of $165.82. The firm’s fifty day simple moving average is $156.86 and its two-hundred day simple moving average is $154.26. The stock has a market capitalization of $166.89 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 3.39 and a beta of 0.64.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same quarter last year, the business earned $1.23 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. Analysts forecast that TJX Companies will post 5.06 EPS for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio (DPR) is 39.34%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the transaction, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of TJX Companies

Hedge funds have recently modified their holdings of the stock. Banco Santander S.A. boosted its holdings in TJX Companies by 24.6% during the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock worth $23,180,000 after acquiring an additional 31,631 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in TJX Companies by 9.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after acquiring an additional 32,407 shares during the last quarter. Family Capital Trust Co boosted its holdings in TJX Companies by 1,080.0% during the 4th quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock worth $2,077,000 after acquiring an additional 12,377 shares during the last quarter. Nordea Investment Management AB boosted its holdings in TJX Companies by 6.0% during the 4th quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock worth $1,155,830,000 after acquiring an additional 420,232 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in TJX Companies by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after acquiring an additional 8,006 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

More TJX Companies News

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: JPMorgan raised its price target on TJX Companies (TJX) to $174 from $173 and kept an overweight rating, signaling confidence in upside from current levels.
• Positive Sentiment: Truist initiated coverage with a buy rating and a $175 price target, adding another bullish analyst call for the off-price retailer.
• Positive Sentiment: Recent earnings-preview pieces from Zacks and Yahoo Finance highlighted TJX’s strong history of earnings surprises and favorable setup for another potential beat, which can lift expectations ahead of the next quarterly report. Article Title
• Neutral Sentiment: Additional stock-screening coverage placed TJX among off-price retail names to watch, reinforcing that the company remains on investors’ radar, but without a major new fundamental catalyst.

Analysts Set New Price Targets

TJX has been the subject of a number of research reports. Weiss Ratings lowered shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. UBS Group reiterated a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Telsey Advisory Group raised their price objective on shares of TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. BTIG Research reiterated a “buy” rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Finally, Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company. According to MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus target price of $167.95.

About TJX Companies

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.