M&T Bank Corp Decreases Holdings in The TJX Companies, Inc. (NYSE:TJX)

M&T Bank Corp decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 480,574 shares of the apparel and home fashions retailer's stock after selling 43,026 shares during the quarter. M&T Bank Corp's holdings in TJX Companies were worth $58,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth about $30,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 110 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies in the first quarter valued at approximately $37,000. Rialto Wealth Management LLC lifted its position in shares of TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after acquiring an additional 179 shares in the last quarter. Finally, Proathlete Wealth Management LLC purchased a new position in shares of TJX Companies in the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Cowen restated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. UBS Group restated a "buy" rating and issued a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. TD Securities increased their price target on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $141.06.

TJX Companies Stock Up 0.1%

TJX Companies stock traded up $0.16 during midday trading on Tuesday, reaching $125.33. The company's stock had a trading volume of 5,632,354 shares, compared to its average volume of 5,198,469. The company has a market cap of $140.01 billion, a P/E ratio of 29.49, a P/E/G ratio of 2.94 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $127.12 and a 200-day simple moving average of $124.09. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85.

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

TJX Companies Announces Dividend

The business 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 dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%. TJX Companies's payout ratio is 40.00%.

Insider Buying and Selling at TJX Companies

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 shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by company 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.