Artemis Investment Management LLP Boosts Position in The TJX Companies, Inc. (NYSE:TJX)

Artemis Investment Management LLP raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,374 shares of the apparel and home fashions retailer's stock after buying an additional 5,020 shares during the period. Artemis Investment Management LLP's holdings in TJX Companies were worth $7,052,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Hartford Funds Management Co LLC boosted its position in TJX Companies by 0.5% in the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock worth $2,107,000 after purchasing an additional 86 shares during the last quarter. Stablepoint Partners LLC raised its position in TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer's stock worth $3,164,000 after acquiring an additional 89 shares during the period. Signature Estate & Investment Advisors LLC boosted its stake in TJX Companies by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock valued at $318,000 after acquiring an additional 90 shares during the last quarter. Hamilton Capital LLC grew its holdings in TJX Companies by 3.9% during the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock valued at $273,000 after purchasing an additional 90 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in TJX Companies by 3.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer's stock worth $295,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Robert W. Baird raised their price target on TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Wells Fargo & Company upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $131.33.

TJX Companies Stock Up 0.4 %

Shares of TJX traded up $0.51 on Monday, hitting $121.89. 4,752,383 shares of the stock traded hands, compared to its average volume of 4,388,107. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a market capitalization of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The business has a 50 day simple moving average of $122.56 and a 200 day simple moving average of $117.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the company earned $1.03 EPS. The company's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. TJX Companies's dividend payout ratio is presently 35.29%.

About TJX Companies

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.