Guggenheim Capital LLC cut its position in The TJX Cos. (NYSE:TJX) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 777,345 shares of the apparel and home fashions retailer’s stock after selling 29,144 shares during the period. Guggenheim Capital LLC owned about 0.12% of The TJX Cos. worth $60,034,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TJX. Veritable L.P. increased its stake in The TJX Cos. by 1.1% in the second quarter. Veritable L.P. now owns 39,681 shares of the apparel and home fashions retailer’s stock worth $3,065,000 after buying an additional 437 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in The TJX Cos. by 0.4% in the second quarter. Compagnie Lombard Odier SCmA now owns 30,678 shares of the apparel and home fashions retailer’s stock worth $2,368,000 after buying an additional 117 shares in the last quarter. Invictus RG purchased a new stake in The TJX Cos. during the second quarter worth approximately $143,000. Voloridge Investment Management LLC increased its stake in The TJX Cos. by 208.4% in the second quarter. Voloridge Investment Management LLC now owns 446,768 shares of the apparel and home fashions retailer’s stock worth $34,504,000 after buying an additional 301,891 shares in the last quarter. Finally, EFG Asset Management Americas Corp. increased its stake in The TJX Cos. by 15.9% in the second quarter. EFG Asset Management Americas Corp. now owns 29,185 shares of the apparel and home fashions retailer’s stock worth $2,254,000 after buying an additional 4,009 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for The TJX Cos. (NYSE:TJX)

The TJX Cos. (NYSE:TJX) remained flat at $75.39 during trading on Friday. The stock had a trading volume of 3,461,885 shares. The stock has a market capitalization of $49.50 billion, a PE ratio of 21.89 and a beta of 0.69. The stock’s 50 day moving average is $73.97 and its 200-day moving average is $76.57. The TJX Cos. has a 12-month low of $63.53 and a 12-month high of $83.64.

The TJX Cos. (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The business earned $7.88 billion during the quarter, compared to the consensus estimate of $7.85 billion. During the same period in the previous year, the business earned $0.80 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that The TJX Cos. will post $3.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. The TJX Cos.’s dividend payout ratio (DPR) is presently 30.15%.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded The TJX Cos. from a “buy” rating to a “hold” rating in a research note on Monday, October 24th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $85.00 target price on shares of The TJX Cos. in a research report on Wednesday, October 12th. Guggenheim reaffirmed a “buy” rating and set a $85.00 target price on shares of The TJX Cos. in a research report on Friday, September 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $85.00 target price on shares of The TJX Cos. in a research report on Thursday, August 18th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $92.00 target price on shares of The TJX Cos. in a research report on Wednesday, August 17th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.51.

The TJX Cos. Company Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

5 Day Chart for NYSE:TJX

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