Mather Group LLC. Acquires 703 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mather Group LLC. grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,056 shares of the apparel and home fashions retailer’s stock after acquiring an additional 703 shares during the quarter. Mather Group LLC.’s holdings in TJX Companies were worth $918,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TJX. Valued Wealth Advisors LLC increased its holdings in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $27,000. First Pacific Financial purchased a new stake in TJX Companies during the first quarter valued at about $29,000. OFI Invest Asset Management bought a new stake in TJX Companies during the first quarter worth about $30,000. Finally, AlphaMark Advisors LLC raised its holdings in shares of TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after buying an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In related news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders sold 50,003 shares of company stock valued at $5,060,941 in the last ninety days. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TJX shares. Robert W. Baird boosted their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Evercore ISI set a $113.00 price objective on TJX Companies in a report on Tuesday, May 21st. BMO Capital Markets upped their target price on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Finally, Sanford C. Bernstein raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $112.67.

TJX Companies Price Performance

Shares of TJX traded up $0.77 during mid-day trading on Wednesday, reaching $110.18. The stock had a trading volume of 1,288,683 shares, compared to its average volume of 5,353,321. The TJX Companies, Inc. has a 12 month low of $85.35 and a 12 month high of $115.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The firm has a market cap of $124.52 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 3.02 and a beta of 0.88. The business has a fifty day moving average of $110.33 and a 200 day moving average of $101.99.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the prior year, the company posted $0.76 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts predict that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.36%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

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.