TJX Companies Inc Unusual Bullish Options Activity Means Profits for Traders


 TJX Companies Inc Unusual Bullish Options Activity Means Profits for Traders

In today’s session TJX Companies Inc (TJX) registered an unusually high (2,120) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious TJX increase. With 2,120 contracts traded and 85534 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: TJX161021C00075000 closed last at: $1.15 or 91.7% up. The stock last traded at $74.47 per share. It is down 1.35% since March 11, 2016 and is downtrending. It has underperformed by 6.81% the S&P500.

Analysts await TJX Companies Inc (NYSE:TJX) to report earnings on November, 15. They expect $0.85 earnings per share, down 1.16% or $0.01 from last year’s $0.86 per share. TJX’s profit will be $551.30 million for 21.90 P/E if the $0.85 EPS becomes a reality. After $0.84 actual earnings per share reported by TJX Companies Inc for the previous quarter, Wall Street now forecasts 1.19% EPS growth.

TJX Companies Inc (NYSE:TJX) Ratings Coverage

Out of 19 analysts covering The TJX Companies (NYSE:TJX), 17 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 89% are positive. $91 is the highest target while $72 is the lowest. The $83.65 average target is 12.33% above today’s ($74.47) stock price. The TJX Companies has been the topic of 28 analyst reports since August 10, 2015 according to StockzIntelligence Inc. UBS maintained the shares of TJX in a report on Wednesday, August 19 with “Buy” rating. The firm earned “Outperform” rating on Thursday, October 22 by Wells Fargo. The firm has “Buy” rating given on Thursday, September 17 by M Partners. The company was maintained on Thursday, February 25 by Wolfe Research. The stock has “Outperform” rating given by RBC Capital Markets on Friday, November 6. The stock has “Buy” rating given by Miller Tabak on Friday, June 24. Cowen & Co maintained TJX Companies Inc (NYSE:TJX) rating on Thursday, February 25. Cowen & Co has “Outperform” rating and $85 price target. The rating was maintained by Bernstein with “Outperform” on Wednesday, May 18. On Thursday, February 25 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was initiated by BB&T Capital with “Buy” on Thursday, December 17.

According to Zacks Investment Research, “The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates T.J. Maxx, Marshalls, and HomeGoods stores in the United States, Winners, HomeSense, Marshalls, and STYLESENSE stores in Canada, and T.K. Maxx and HomeSense stores in Europe. The TJX Companies, Inc. is headquartered in Framingham, Massachusetts.”

Insitutional Activity: The institutional sentiment increased to 1.01 in Q2 2016. Its up 0.01, from 1 in 2016Q1. The ratio improved, as 50 funds sold all TJX Companies Inc shares owned while 366 reduced positions. 85 funds bought stakes while 337 increased positions. They now own 567.67 million shares or 3.41% less from 587.74 million shares in 2016Q1.
Scopus Asset Lp last reported 1.20M shares in the company. Axa last reported 0.74% of its portfolio in the stock. Metropolitan Life Company Ny holds 371,543 shares or 0.21% of its portfolio. Deroy Devereaux Private Counsel owns 5,000 shares or 0.05% of their US portfolio. South Texas Money Ltd owns 2,995 shares or 0.01% of their US portfolio. Nippon Life Co has 30,663 shares for 0.06% of their US portfolio. Icon Advisers Incorporated holds 0.06% or 11,000 shares in its portfolio. The United Kingdom-based Blackrock Grp Inc Limited has invested 0.3% in TJX Companies Inc (NYSE:TJX). Chilton Cap Mngmt Limited Liability, a Texas-based fund reported 4,238 shares. Windward Mgmt Co Ca accumulated 69,964 shares or 1.05% of the stock. Northeast Consultants has 0.31% invested in the company for 8,979 shares. Washington Tru Com reported 19,642 shares or 0.1% of all its holdings. The Florida-based Finemark National Bank And Tru has invested 0.74% in TJX Companies Inc (NYSE:TJX). Professional Advisory Svcs last reported 165,982 shares in the company. Spf Beheer Bv last reported 881,811 shares in the company.

Insider Transactions: Since April 15, 2016, the stock had 0 insider purchases, and 5 insider sales for $11.60 million net activity. The insider Herrman Ernie sold $3.33 million. MEYROWITZ CAROL sold $4.91M worth of stock or 64,160 shares. Goldenberg Scott sold 17,393 shares worth $1.34M. $88,603 worth of TJX Companies Inc (NYSE:TJX) was sold by Alvarez Jose B. The insider Sherr Richard sold 18,532 shares worth $1.40 million.

The TJX Companies, Inc. is an off-price apparel and home fashions retailer in the United States and across the world. The company has a market cap of $48.30 billion. The Firm operates through four divisions: Marmaxx, HomeGoods, TJX Canada and TJX International. It has a 21.63 P/E ratio. T.J.

TJX Company Profile

The TJX Companies, Inc. (TJX), incorporated on April 9, 1962, is an off-price apparel and home fashions retailer in the United States and across the world. The Firm operates through four divisions: Marmaxx, HomeGoods, TJX Canada and TJX International. The Firm operates approximately 3,600 stores in various countries.

More recent TJX Companies Inc (NYSE:TJX) news were published by: which released: “TJX Companies Dividend Poised To Fly Off The Rack” on October 11, 2016. Also published the news titled: “TJX – Time To Move On” on October 10, 2016.‘s news article titled: “TJX: Don’t Discount This Retailer” with publication date: October 12, 2016 was also an interesting one.

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