M&T Bank Corp Decreases Stock Position in The TJX Companies, Inc. $TJX

M&T Bank Corp reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 97.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,852 shares of the apparel and home fashions retailer's stock after selling 427,770 shares during the period. M&T Bank Corp's holdings in TJX Companies were worth $1,513,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Trust Point Inc. boosted its stake in TJX Companies by 1.3% in the fourth quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer's stock valued at $803,000 after acquiring an additional 66 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in shares of TJX Companies by 1.6% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer's stock worth $651,000 after buying an additional 66 shares during the period. Tempus Wealth Planning LLC lifted its stake in shares of TJX Companies by 0.5% during the fourth quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer's stock worth $1,886,000 after buying an additional 67 shares during the period. Sound Income Strategies LLC lifted its stake in shares of TJX Companies by 3.0% during the fourth quarter. Sound Income Strategies LLC now owns 2,355 shares of the apparel and home fashions retailer's stock worth $371,000 after buying an additional 69 shares during the period. Finally, Bigelow Investment Advisors LLC lifted its stake in shares of TJX Companies by 0.6% during the fourth quarter. Bigelow Investment Advisors LLC now owns 11,006 shares of the apparel and home fashions retailer's stock worth $1,691,000 after buying an additional 69 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.7%

Shares of TJX Companies stock opened at $156.06 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The firm has a fifty day moving average price of $158.50 and a 200 day moving average price of $153.54. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82. The stock has a market cap of $172.73 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 3.62 and a beta of 0.73.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $17.36 billion. During the same quarter last year, the company posted $1.23 earnings per share. The firm's revenue was up 8.5% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 5.06 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is a boost from TJX Companies's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies's dividend payout ratio is 34.84%.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the transaction, the chief executive officer owned 479,316 shares of the company's stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on TJX. Weiss Ratings upgraded shares of TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, April 1st. JPMorgan Chase & Co. lifted their price objective on shares of TJX Companies from $154.00 to $173.00 and gave the stock an "overweight" rating in a research note on Monday, February 23rd. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, March 28th. Argus upgraded shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, March 3rd. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, January 6th. Four analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $167.55.

About TJX Companies

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women's, men's and children's apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company's business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.

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