The TJX Companies, Inc. (NYSE:TJX) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 38.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,883 shares of the apparel and home fashions retailer’s stock after selling 26,411 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in TJX Companies were worth $4,885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies in the 2nd quarter valued at approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies in the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the third quarter worth $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the third quarter worth $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX stock opened at $124.85 on Friday. The stock has a market cap of $140.35 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 3.07 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $88.58 and a fifty-two week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $119.11 and a 200 day moving average price of $115.17.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TJX shares. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Evercore ISI increased their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen raised their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.89.

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.