Artemis Investment Management LLP Acquires 5,020 Shares of The TJX Companies, Inc. (NYSE:TJX)

Artemis Investment Management LLP grew its position in The TJX Companies, Inc. (NYSE:TJX) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,374 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,020 shares during the period. Artemis Investment Management LLP’s holdings in TJX Companies were worth $7,052,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $30,000. Truvestments Capital LLC bought a new stake in TJX Companies in the 3rd quarter valued at $29,000. Finally, Copeland Capital Management LLC bought a new position in TJX Companies during the third quarter worth about $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $121.89 on Monday. 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 stock’s fifty day moving average is $122.56 and its two-hundred day moving average is $117.51. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a market capitalization of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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 issued a $0.375 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

TJX has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price objective 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. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.33.

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.