Is TJX Companies Inc a Sell? The Stock Had Bearish Options Activity Today

 Is TJX Companies Inc a Sell? The Stock Had Bearish Options Activity Today

In today’s session TJX Companies Inc (TJX) recorded an unusually high (488) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious TJX decrease. With 488 contracts traded and 624 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: TJX170421P00067500 closed last at: $2.35 or 0% . About 547,125 shares traded hands. TJX Companies Inc (NYSE:TJX) has declined 6.27% since March 30, 2016 and is downtrending. It has underperformed by 9.28% 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 $560.25M for 21.55 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. The TJX Companies has been the topic of 28 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Bernstein given on Wednesday, May 18. The firm earned “Buy” rating on Wednesday, October 7 by Citigroup. The rating was maintained by Stifel Nicolaus on Tuesday, August 18 with “Buy”. As per Wednesday, August 19, the company rating was maintained by Telsey Advisory Group. The stock has “Buy” rating given by BB&T Capital on Thursday, December 17. As per Thursday, February 25, the company rating was maintained by Wolfe Research. The firm earned “Market Perform” rating on Thursday, February 25 by Telsey Advisory Group. UBS maintained TJX Companies Inc (NYSE:TJX) on Wednesday, August 19 with “Buy” rating. The firm has “Buy” rating by Miller Tabak given on Friday, June 24. The firm has “Buy” rating by S&P Research given on Wednesday, August 19.

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 increased, 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.
Moreover, Verition Fund Management Ltd Limited Liability Company has 0.13% invested in TJX Companies Inc (NYSE:TJX) for 12,730 shares. Riverpoint Capital Mngmt Ltd Liability Co holds 203,673 shares or 1.41% of its portfolio. Banque Pictet Cie Sa accumulated 0.59% or 285,364 shares. First Republic Mngmt holds 0.15% or 195,625 shares in its portfolio. Choate Investment has 32,916 shares for 0% of their US portfolio. Farmers Merchants Investments Inc owns 28,127 shares or 0.24% of their US portfolio. Garrison Bradford & Assoc holds 1.92% or 25,410 shares in its portfolio. Woodley Farra Manion Portfolio Mgmt last reported 4.01% of its portfolio in the stock. Ameritas Investment Inc, a Nebraska-based fund reported 59,590 shares. Moreover, Private Tru Na has 0.35% invested in TJX Companies Inc (NYSE:TJX) for 17,222 shares. Jensen Invest Mgmt Inc holds 4.58% of its portfolio in TJX Companies Inc (NYSE:TJX) for 3.82 million shares. Omega Advisors has invested 0.38% of its portfolio in TJX Companies Inc (NYSE:TJX). Beck Cap Ltd Liability Corp accumulated 37,076 shares or 1.82% of the stock. The Massachusetts-based Westfield Mngmt Limited Partnership has invested 1.06% in TJX Companies Inc (NYSE:TJX). Hall Laurie J Trustee holds 0.76% or 14,815 shares in its portfolio.

Insider Transactions: Since May 19, 2016, the stock had 0 buys, and 5 sales for $11.60 million net activity. $4.91 million worth of TJX Companies Inc (NYSE:TJX) was sold by MEYROWITZ CAROL on Wednesday, June 1. Alvarez Jose B sold $88,603 worth of stock or 1,158 shares. Herrman Ernie had sold 24,776 shares worth $1.87 million on Tuesday, May 24. Sherr Richard had sold 18,532 shares worth $1.40 million on Thursday, May 19.

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 21.28 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 news for TJX Companies Inc (NYSE:TJX) were recently published by: Fool.com, which released: “The TJX Companies, Inc.: A High-Quality Bargain Stock” on October 27, 2016. Businesswire.com‘s article titled: “The TJX Companies, Inc. to Report Q3 FY17 Results November 15, 2016” and published on November 01, 2016 is yet another important article.

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