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

M&T Bank Corp reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4.1% during the third quarter, as reported in the company’s Form 13F filed with the Securities & Exchange Commission. The institutional investor owned 540,874 shares of the apparel and home fashions retailer’s stock after selling 23,159 shares during this period. By the end of the reporting period, M&T Bank Corp’s holdings in TJX Companies were valued at $63,574,000.

Other Institutional Investments in TJX Companies
State Street Corp also adjusted its position in TJX Companies during the quarter ending September 30th. It increased its stake by 1.0%, acquiring an additional 469,287 shares, bringing its total holdings to 47,556,435 shares. These shares represent a value of $5,589,783,000.

Market and Financial Performance
As of Tuesday, TJX Companies' stock traded at $125.91, with a market capitalization of $141.54 billion. The stock’s financial metrics include:

Price-to-earnings (P/E) ratio: 29.62
Price-to-earnings-to-growth (PEG) ratio: 3.10
Beta: 0.90
Debt-to-equity ratio: 0.35
Current ratio: 1.19
Quick ratio: 0.50
The company’s stock has experienced a twelve-month low of $88.58 and a high of $128. The 50-day moving average is $118.26, while the 200-day moving average is $114.58.

Earnings Report for Q3
TJX Companies released its earnings report for the third quarter on November 20, 2019. Key financial highlights include:

Earnings per share (EPS): $1.14 (analysts' estimate: $1.09)
Net profit margin: 8.63%
Return on equity: 61.82%
Quarterly revenue: $14.06 billion (estimate: $13.95 billion), reflecting a 6.0% increase from the same period the previous year.
Analysts project a mean EPS estimate of 4.18 for the current fiscal year.

Dividend Announcement
TJX Companies announced a quarterly dividend of $0.375 per share, payable on Thursday, March 6th. This equates to an annual dividend of $1.50 per share, yielding 1.90%. The company’s payout ratio is 35.29%.

Business Overview
TJX Companies, Inc., along with its subsidiaries, operates off-price apparel and home fashion stores across the United States, Canada, Europe, and Australia. The company’s product categories include:

Family apparel (footwear, accessories)
Home fashions (furniture, rugs, lighting, cookware)
Jewelry and other merchandise
Expanded pet and gourmet food departments
Market Insights
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