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

M&T Bank Corp trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 523,600 shares of the apparel and home fashions retailer's stock after selling 17,274 shares during the period. M&T Bank Corp's holdings in TJX Companies were worth $63,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the 4th quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the third quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the third quarter worth $30,000. Finally, Truvestments Capital LLC bought a new stake in TJX Companies in the 3rd quarter valued at about $29,000. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TJX. TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. BMO Capital Markets lifted their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Barclays upped their target price on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Finally, Jefferies Financial Group increased their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $135.06.

TJX Companies Trading Up 1.1 %

Shares of NYSE:TJX traded up $1.34 during trading on Wednesday, reaching $123.08. The company's stock had a trading volume of 6,704,837 shares, compared to its average volume of 4,876,896. The stock has a market capitalization of $138.36 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm's 50 day simple moving average is $122.96 and its two-hundred day simple moving average is $120.27. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is currently 35.21%.

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.