Investors Buy Large Volume of The TJX Companies Put Options (TJX)
Shares of The TJX Companies (NYSE:TJX) were the target of unusually large options trading activity on Tuesday. Stock investors acquired 5,697 put options on the stock, Analyst Ratings Network.com reports. This represents an increase of approximately 522% compared to the average daily volume of 916 put options.
Several analysts have recently commented on the stock. Analysts at Northcoast Research upgraded shares of The TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 23rd. They now have a $62.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Sterne Agee cut their price target on shares of The TJX Companies from $65.00 to $56.00 in a research note on Wednesday, July 16th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The TJX Companies in a research note on Friday, May 23rd. They now have a $63.00 price target on the stock, down previously from $65.00. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $62.41.
Shares of The TJX Companies (NYSE:TJX) traded up 8.65% on Tuesday, hitting $58.56. The stock had a trading volume of 15,918,490 shares. The TJX Companies has a 52-week low of $51.91 and a 52-week high of $64.38. The stock’s 50-day moving average is $53.41 and its 200-day moving average is $57.11. The company has a market cap of $41.010 billion and a price-to-earnings ratio of 18.19.
The TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.02. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that The TJX Companies will post $3.14 EPS for the current fiscal year.
The TJX Companies, Inc (NYSE:TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
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