Arrow Financial Corp Has $2.80 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Arrow Financial Corp trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 31.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,015 shares of the apparel and home fashions retailer's stock after selling 10,689 shares during the quarter. Arrow Financial Corp's holdings in TJX Companies were worth $2,803,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth $30,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies during the 1st quarter worth $37,000. Finally, Rialto Wealth Management LLC grew its holdings in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after purchasing an additional 179 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Loop Capital set a $150.00 price objective on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Morgan Stanley set a $140.00 price target on TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. UBS Group reissued a "buy" rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Cowen restated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Trading Up 0.5%

NYSE TJX opened at $122.80 on Monday. The company has a market cap of $137.18 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 2.85 and a beta of 0.88. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The business has a 50 day moving average price of $126.19 and a 200-day moving average price of $124.15. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.38%. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

TJX Companies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.