TJX Companies Inc Stock Price Could Go Down After Today’s Bearish Options Activity

 TJX Companies Inc Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session TJX Companies Inc (TJX) recorded an unusually high (1,028) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious TJX decrease. With 1,028 contracts traded and 30314 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: TJX170120P00065000 closed last at: $0.7 or 12.5% down. About 546,398 shares traded hands. TJX Companies Inc (NYSE:TJX) has declined 0.08% since April 11, 2016 and is downtrending. It has underperformed by 6.22% 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 $569.05M for 22.07 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 11.49% above today’s ($75.03) stock price. The TJX Companies has been the topic of 28 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, June 24 by Miller Tabak. The stock of TJX Companies Inc (NYSE:TJX) earned “Outperform” rating by Wells Fargo on Thursday, October 22. The firm has “Outperform” rating by Wolfe Research given on Thursday, February 25. Telsey Advisory Group maintained TJX Companies Inc (NYSE:TJX) on Thursday, February 25 with “Market Perform” rating. Stifel Nicolaus maintained TJX Companies Inc (NYSE:TJX) rating on Tuesday, August 18. Stifel Nicolaus has “Buy” rating and $78 price target. The firm has “Buy” rating by S&P Research given on Wednesday, August 19. On Wednesday, August 19 the stock rating was maintained by UBS with “Buy”. The stock of TJX Companies Inc (NYSE:TJX) has “Buy” rating given on Thursday, December 17 by BB&T Capital. M Partners upgraded the stock to “Buy” rating in Thursday, September 17 report. Deutsche Bank maintained TJX Companies Inc (NYSE:TJX) on Thursday, February 25 with “Buy” rating.

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.
King Luther Cap Mngmt Corp owns 4,675 shares or 0% of their US portfolio. Principal Grp has 0.14% invested in the company for 1.26 million shares. Armstrong Henry H Assoc has 18,605 shares for 0.29% of their US portfolio. Smithbridge Asset Management De, a Pennsylvania-based fund reported 45,260 shares. Highbridge Capital Mgmt Limited Liability Co has invested 0.03% of its portfolio in TJX Companies Inc (NYSE:TJX). National Asset Management last reported 0.11% of its portfolio in the stock. Strs Ohio holds 0.4% of its portfolio in TJX Companies Inc (NYSE:TJX) for 1.17M shares. Carlton Hofferkamp Jenks Wealth Ltd has 2.01% invested in the company for 33,082 shares. Winslow Evans & Crocker, a Massachusetts-based fund reported 69,742 shares. Tdam Usa holds 0.6% or 158,435 shares in its portfolio. Smith Salley & Assoc, a North Carolina-based fund reported 124,686 shares. Cypress Capital Group owns 127,382 shares or 2.3% of their US portfolio. Disciplined Growth Incorporated Mn last reported 2.44M shares in the company. Westport Asset Mgmt Inc has 42,358 shares for 3.02% of their US portfolio. Deutsche Commercial Bank Ag accumulated 0.27% or 4.90 million shares.

Insider Transactions: Since May 19, 2016, the stock had 0 insider buys, and 5 selling transactions for $11.60 million net activity. Alvarez Jose B had sold 1,158 shares worth $88,603. $1.40M worth of TJX Companies Inc (NYSE:TJX) was sold by Sherr Richard. On Tuesday, May 24 Herrman Ernie sold $1.87 million worth of the stock or 24,776 shares. Another trade for 64,160 shares valued at $4.91 million was sold by MEYROWITZ CAROL.

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 $50.23 billion. The Firm operates through four divisions: Marmaxx, HomeGoods, TJX Canada and TJX International. It has a 21.79 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: Nasdaq.com which released: “TJX Companies, Inc. (TJX) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016. Also Fool.com published the news titled: “The TJX Companies, Inc.: A High-Quality Bargain Stock” on October 27, 2016. Businesswire.com‘s news article titled: “The TJX Companies, Inc. to Report Q3 FY17 Results November 15, 2016” with publication date: November 01, 2016 was also an interesting one.

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