Mather Group LLC. Sells 238 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mather Group LLC. decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,800 shares of the apparel and home fashions retailer’s stock after selling 238 shares during the quarter. Mather Group LLC.’s holdings in TJX Companies were worth $826,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tandem Investment Advisors Inc. grew its position in shares of TJX Companies by 1.8% during the 4th quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after buying an additional 106 shares in the last quarter. Alhambra Investment Management LLC boosted its position in TJX Companies by 2.0% during the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock valued at $510,000 after purchasing an additional 108 shares in the last quarter. J.Safra Asset Management Corp boosted its position in TJX Companies by 9.9% during the fourth quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock valued at $112,000 after purchasing an additional 108 shares in the last quarter. BSW Wealth Partners boosted its position in TJX Companies by 2.0% during the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock valued at $528,000 after purchasing an additional 109 shares in the last quarter. Finally, Insight Advisors LLC PA boosted its position in TJX Companies by 3.1% during the fourth quarter. Insight Advisors LLC PA now owns 3,757 shares of the apparel and home fashions retailer’s stock valued at $352,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TJX shares. BMO Capital Markets raised their price objective on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Monday, February 5th. UBS Group raised their price objective on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.65.

Insider Buying and Selling at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Down 0.8 %

Shares of NYSE:TJX opened at $94.09 on Wednesday. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The company has a market capitalization of $106.60 billion, a PE ratio of 24.38, a PEG ratio of 2.44 and a beta of 0.86. The business has a 50 day moving average of $97.20 and a two-hundred day moving average of $94.02. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same period in the previous year, the company posted $0.89 earnings per share. TJX Companies’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a yield of 1.59%. TJX Companies’s payout ratio is presently 34.46%.

TJX Companies announced that its board has approved a share buyback plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.