Figure 8 Investment Strategies LLC Invests $3.66 Million in The TJX Companies, Inc. (NYSE:TJX)

Figure 8 Investment Strategies LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,290 shares of the apparel and home fashions retailer's stock, valued at approximately $3,659,000. TJX Companies accounts for approximately 3.6% of Figure 8 Investment Strategies LLC's investment portfolio, making the stock its 7th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies during the fourth quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at $30,000. Finally, Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research reports. TD Cowen lifted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Robert W. Baird lifted their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Finally, Morgan Stanley lifted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.53.

TJX Companies Price Performance

NYSE TJX traded down $0.52 on Tuesday, reaching $123.82. The company's stock had a trading volume of 5,121,298 shares, compared to its average volume of 4,288,396. The firm has a market cap of $139.20 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The business has a 50-day moving average price of $123.14 and a 200 day moving average price of $119.27. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. TJX Companies's dividend payout ratio (DPR) is presently 35.29%.

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.