B. Riley Wealth Advisors Inc. Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 38.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

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

TJX Companies Stock Performance

TJX traded down $1.57 during midday trading on Friday, reaching $124.85. The company had a trading volume of 4,595,839 shares, compared to its average volume of 5,128,591. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market cap of $140.35 billion, a PE ratio of 29.38, a P/E/G ratio of 3.07 and a beta of 0.90. The business has a 50-day moving average price of $119.11 and a two-hundred day moving average price of $115.17. The TJX Companies, Inc. has a 12-month low of $88.58 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the business earned $1.03 earnings per share. The company's quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side 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, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. TJX Companies's dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TJX. UBS Group increased their price target on TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Guggenheim lifted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets boosted their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.