Guggenheim Capital LLC Has $17.26 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Guggenheim Capital LLC decreased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 25.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bogart Wealth LLC purchased a new stake in TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the fourth quarter worth $26,000. SOA Wealth Advisors LLC. acquired a new stake in TJX Companies in the fourth quarter valued at $30,000. Millstone Evans Group LLC bought a new position in TJX Companies during the 4th quarter valued at $30,000. Finally, Promus Capital LLC acquired a new position in TJX Companies during the 4th quarter worth $32,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was 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. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on TJX shares. Barclays boosted their price objective on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Robert W. Baird increased their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Finally, UBS Group increased their price target on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and an average price target of $135.76.

TJX Companies Price Performance

TJX stock traded up $1.20 during trading on Friday, hitting $127.51. The company had a trading volume of 5,554,218 shares, compared to its average volume of 5,377,654. The business has a 50 day moving average of $121.78 and a 200 day moving average of $120.93. The firm has a market capitalization of $142.44 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 2.75 and a beta of 0.86. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $131.30.

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

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a $0.425 dividend. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. TJX Companies's dividend payout ratio is 39.91%.

TJX Companies Company Profile

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.