Guggenheim Capital LLC Sells 47,896 Shares of The TJX Companies, Inc. (NYSE:TJX)

Guggenheim Capital LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 25.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,853 shares of the apparel and home fashions retailer’s stock after selling 47,896 shares during the period. Guggenheim Capital LLC’s holdings in TJX Companies were worth $17,258,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Rossby Financial LCC bought a new stake in TJX Companies during the fourth quarter worth about $765,000. Chiron Investment Management LLC acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $2,974,000. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $4,674,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $12,047,000. Finally, Defined Financial Planning LLC bought a new position in shares of TJX Companies in the fourth quarter valued at $204,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TJX. BMO Capital Markets upped their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Robert W. Baird raised their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Morgan Stanley boosted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.76.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $128.35 on Wednesday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $131.30. The company’s 50 day moving average price is $121.70 and its two-hundred day moving average price is $120.82. The firm has a market cap of $143.38 billion, a PE ratio of 30.20, a PEG ratio of 2.75 and a beta of 0.86. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is 39.91%.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.