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

M&T Bank Corp lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in TJX Companies during the 4th quarter valued at approximately $30,000. Atlantic Edge Private Wealth Management LLC raised its stake in 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 valued at $36,000 after purchasing an additional 110 shares during the period. Inlight Wealth Management LLC bought a new stake in TJX Companies in the 1st quarter worth approximately $37,000. Rialto Wealth Management LLC increased its stake in TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after acquiring an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC bought a new stake in TJX Companies in the 1st quarter worth approximately $52,000. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company'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 completion of the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group reaffirmed a "buy" rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Finally, Barclays reaffirmed an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $141.06.

TJX Companies Trading Down 0.2%

TJX traded down $0.28 during trading hours on Friday, reaching $123.88. 994,275 shares of the company's stock traded hands, compared to its average volume of 5,375,188. The firm has a 50-day moving average price of $126.93 and a 200 day moving average price of $124.12. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. 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 firm has a market capitalization of $138.38 billion, a PE ratio of 29.15, a PEG ratio of 2.93 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter in the previous year, the business earned $0.93 EPS. TJX Companies's revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is 40.00%.

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.