B. Riley Wealth Advisors Inc. Makes New Investment in The TJX Companies, Inc. $TJX

B. Riley Wealth Advisors Inc. purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,596 shares of the apparel and home fashions retailer’s stock, valued at approximately $6,248,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Vanguard Group Inc. boosted its stake in TJX Companies by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 101,141,056 shares of the apparel and home fashions retailer’s stock worth $12,489,909,000 after acquiring an additional 727,292 shares during the last quarter. State Street Corp grew its holdings in shares of TJX Companies by 0.6% in the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock valued at $6,001,063,000 after buying an additional 285,737 shares during the period. Geode Capital Management LLC lifted its holdings in TJX Companies by 1.2% during the second quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock worth $3,205,927,000 after acquiring an additional 301,127 shares in the last quarter. Norges Bank acquired a new position in TJX Companies in the second quarter valued at about $1,808,774,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of TJX Companies by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock worth $1,591,758,000 after acquiring an additional 35,800 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $156.10 on Friday. The firm has a market capitalization of $173.34 billion, a P/E ratio of 34.46, a P/E/G ratio of 3.50 and a beta of 0.76. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $157.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43. The company’s 50 day moving average price is $146.43 and its two-hundred day moving average price is $136.48.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The firm had revenue of $15.12 billion for the quarter, compared to the consensus estimate of $14.80 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s payout ratio is presently 37.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 target price on shares of TJX Companies in a research report on Tuesday, November 11th. Robert W. Baird lifted their price target on shares of TJX Companies from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Morgan Stanley restated an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. Citigroup reaffirmed a “buy” rating and issued a $168.00 target price (up previously from $160.00) on shares of TJX Companies in a research report on Thursday, November 20th. Finally, Sanford C. Bernstein increased their price target on TJX Companies from $152.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $161.10.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 24,363 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.31, for a total value of $3,686,365.53. Following the transaction, the chief executive officer owned 510,780 shares of the company’s stock, valued at $77,286,121.80. This represents a 4.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amy B. Lane sold 500 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.40, for a total value of $75,700.00. Following the sale, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 54,863 shares of company stock valued at $8,226,366 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Company 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.