Mather Group LLC. Reduces Position in The TJX Companies, Inc. (NYSE:TJX)

Mather Group LLC. trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.6% in the fourth quarter, Holdings Channel reports. The fund owned 8,800 shares of the apparel and home fashions retailer’s stock after selling 238 shares during the period. Mather Group LLC.’s holdings in TJX Companies were worth $826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of TJX. Tandem Investment Advisors Inc. grew its stake in TJX Companies by 1.8% in the 4th quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock valued at $548,000 after acquiring an additional 106 shares during the last quarter. Alhambra Investment Management LLC grew its stake in TJX Companies by 2.0% in the 4th quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock valued at $510,000 after acquiring an additional 108 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in TJX Companies by 9.9% in the 4th 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 lifted its holdings in TJX Companies by 2.0% in the 4th 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 lifted its holdings in TJX Companies by 3.1% in the 4th 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. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

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

TJX Companies Trading Down 0.8 %

NYSE TJX opened at $94.09 on Wednesday. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84. The company’s 50 day moving average price is $97.20 and its 200 day moving average price is $94.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The firm has a market capitalization of $106.60 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 2.44 and a beta of 0.86.

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

TJX Companies announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

TJX Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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.