Mather Group LLC. Purchases 12,454 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mather Group LLC. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 122.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,665 shares of the apparel and home fashions retailer's stock after acquiring an additional 12,454 shares during the quarter. Mather Group LLC.'s holdings in TJX Companies were worth $2,761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Alta Advisers Ltd raised its stake in TJX Companies by 49.0% in the first quarter. Alta Advisers Ltd now owns 5,476 shares of the apparel and home fashions retailer's stock valued at $667,000 after purchasing an additional 1,800 shares in the last quarter. Smith Salley Wealth Management increased its holdings in shares of TJX Companies by 1.0% in the 1st quarter. Smith Salley Wealth Management now owns 265,933 shares of the apparel and home fashions retailer's stock worth $32,391,000 after buying an additional 2,557 shares during the last quarter. Saxon Interests Inc. raised its position in shares of TJX Companies by 16.0% during the 1st quarter. Saxon Interests Inc. now owns 2,624 shares of the apparel and home fashions retailer's stock valued at $320,000 after buying an additional 361 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of TJX Companies during the 1st quarter worth $255,000. Finally, Valley National Advisers Inc. lifted its holdings in shares of TJX Companies by 7.8% during the 1st quarter. Valley National Advisers Inc. now owns 3,002 shares of the apparel and home fashions retailer's stock worth $364,000 after acquiring an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group reissued a "buy" rating and issued a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Cowen reissued a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $141.53.

TJX Companies Trading Up 0.5%

Shares of TJX stock traded up $0.67 during mid-day trading on Thursday, reaching $125.98. The stock had a trading volume of 2,986,646 shares, compared to its average volume of 5,198,385. The firm has a market capitalization of $140.73 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The stock's 50-day moving average price is $127.18 and its two-hundred day moving average price is $123.99. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. Equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies's dividend payout ratio is presently 40.00%.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

About TJX Companies

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.