Bullish Options Activity on TJX Companies Inc Surges After Better Fundamentals

 Bullish Options Activity on TJX Companies Inc Surges After Better Fundamentals

In today’s session TJX Companies Inc (TJX) registered an unusually high (4,045) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TJX increase. With 4,045 contracts traded and 3674 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TJX161118C00075000 closed last at: $1.65 or 8.3% down. About 624,694 shares traded hands. TJX Companies Inc (NYSE:TJX) has declined 3.59% since March 15, 2016 and is downtrending. It has underperformed by 9.07% the S&P500.

Analysts await TJX Companies Inc (NYSE:TJX) to report earnings on November, 15. They expect $0.85 EPS, down 1.16% or $0.01 from last year’s $0.86 per share. TJX’s profit will be $551.31M for 21.49 P/E if the $0.85 EPS becomes a reality. After $0.84 actual EPS 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 14.51% above today’s ($73.05) stock price. The TJX Companies has been the topic of 28 analyst reports since August 10, 2015 according to StockzIntelligence Inc. S&P Research maintained the stock with “Buy” rating in Wednesday, August 19 report. The stock of TJX Companies Inc (NYSE:TJX) earned “Outperform” rating by RBC Capital Markets on Friday, November 6. On Thursday, September 17 the stock rating was upgraded by M Partners to “Buy”. The firm has “Buy” rating given on Tuesday, August 18 by Stifel Nicolaus. The stock of TJX Companies Inc (NYSE:TJX) has “Buy” rating given on Friday, June 24 by Miller Tabak. On Thursday, October 22 the stock rating was reinitiated by Wells Fargo with “Outperform”. The firm has “Buy” rating given on Wednesday, August 19 by UBS. The stock of TJX Companies Inc (NYSE:TJX) has “Buy” rating given on Thursday, December 17 by BB&T Capital. The rating was initiated by Citigroup with “Buy” on Wednesday, October 7. The rating was maintained by Telsey Advisory Group on Thursday, February 25 with “Market Perform”.

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 2016 Q2. Its up 0.01, from 1 in 2016Q1. The ratio is positive, 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.
First Foundation has invested 1.61% of its portfolio in TJX Companies Inc (NYSE:TJX). Bradley Foster And Sargent Ct holds 1.01% or 292,060 shares in its portfolio. Honeywell has invested 0.96% of its portfolio in TJX Companies Inc (NYSE:TJX). Chilton Co Limited Liability, a Connecticut-based fund reported 31,216 shares. Meiji Yasuda Life Ins last reported 0.3% of its portfolio in the stock. Smithfield Communications has invested 0.13% of its portfolio in TJX Companies Inc (NYSE:TJX). Dai Ichi Life Insurance Limited last reported 64,332 shares in the company. Cohen Lawrence B holds 3.96% or 85,730 shares in its portfolio. Private Advisor Grp last reported 0.09% of its portfolio in the stock. Pcj Inv Counsel has invested 0.07% of its portfolio in TJX Companies Inc (NYSE:TJX). Summit Asset Lc last reported 0.22% of its portfolio in the stock. Ruane Cunniff Goldfarb Incorporated owns 12.18 million shares or 8.96% of their US portfolio. Hirtle Callaghan And Limited Liability Co owns 1,084 shares or 0.02% of their US portfolio. Hall Laurie J Trustee last reported 0.76% of its portfolio in the stock. Tompkins Fin Corporation accumulated 32,503 shares or 0.74% of the stock.

Insider Transactions: Since May 19, 2016, the stock had 0 buys, and 5 sales for $11.60 million net activity. The insider MEYROWITZ CAROL sold 64,160 shares worth $4.91M. Alvarez Jose B sold $88,603 worth of stock. The insider Herrman Ernie sold 24,776 shares worth $1.87 million. On Thursday, May 19 Sherr Richard sold $1.40 million worth of the stock or 18,532 shares.

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 $47.38 billion. The Firm operates through four divisions: Marmaxx, HomeGoods, TJX Canada and TJX International. It has a 21.21 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: Seekingalpha.com which released: “Battle Of The Discount Retailers: Ross Vs. TJX Companies” on October 14, 2016. Also Seekingalpha.com published the news titled: “TJX – Time To Move On” on October 10, 2016. Seekingalpha.com‘s news article titled: “TJX Companies Dividend Poised To Fly Off The Rack” with publication date: October 11, 2016 was also an interesting one.

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