Evercore Wealth Management buys $59,495,939 stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Evercore Wealth Management scooped up 61,147 additional shares in TJX Companies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 776,608 shares of TJX Companies Inc which is valued at $59,495,939.TJX Companies Inc makes up approximately 2.65% of Evercore Wealth Management’s portfolio.

TJX Companies Inc opened for trading at $76.26 and hit $76.67 on the upside on Friday, eventually ending the session at $76.61, with a gain of 0.09% or 0.07 points. The heightened volatility saw the trading volume jump to 21,76,910 shares. Company has a market cap of $50,761 M.

Other Hedge Funds, Including , Quantitative Investment Management boosted its stake in TJX in the latest quarter, The investment management firm added 114,200 additional shares and now holds a total of 145,100 shares of TJX Companies Inc which is valued at $11,116,111. TJX Companies Inc makes up approx 0.53% of Quantitative Investment Management’s portfolio. Gratry Co added TJX to its portfolio by purchasing 3,800 company shares during the most recent quarter which is valued at $288,116. TJX Companies Inc makes up approx 0.21% of Gratry Co’s portfolio.Rock Point Advisors reduced its stake in TJX by selling 1,155 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 95,937 shares of TJX which is valued at $7,342,059. TJX Companies Inc makes up approx 3.83% of Rock Point Advisors’s portfolio.First Citizens Bank Trust Co boosted its stake in TJX in the latest quarter, The investment management firm added 9,968 additional shares and now holds a total of 14,151 shares of TJX Companies Inc which is valued at $1,082,976. TJX Companies Inc makes up approx 0.09% of First Citizens Bank Trust Co’s portfolio.

On the company’s financial health, TJX Companies Inc reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $0.94. The company had revenue of $8962.00 million for the quarter, compared to analysts expectations of $8733.26 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.

Investors should note that on Mar 29, 2016, TJX Companies Inc announced a cash dividend of $0.2600. The company’s management has announced May 10, 2016 as the ex-dividend date and fixed the record date on May 12, 2016. The payable date has been fixed on Jun 2, 2016.

Many Wall Street Analysts have commented on TJX Companies Inc. Shares were Reiterated by Wolfe Research on Feb 25, 2016 to “Outperform” and Lowered the Price Target to $ 80 from a previous price target of $82 .Shares were Reiterated by Telsey Advisory Group on Feb 25, 2016 to “Market Perform” and Lowered the Price Target to $ 78 from a previous price target of $79 .Shares were Reiterated by Wedbush on Feb 25, 2016 to “Outperform” and Lowered the Price Target to $ 79 from a previous price target of $80 .

The TJX Companies Inc. (TJX) is an off-price apparel and home fashions. The Company operates through four segments: Marmaxx HomeGoods TJX Canada and TJX Europe. The Marmaxx and HomeGoods business offers family apparel home fashions accent furniture lamps rugs wall decor decorative accessories and giftware and other merchandise. The TJX Canada offers jewelry and home fashions. TJX Europe operates the T.K. Maxx and HomeSense chains in Europe. The Company operates approximately 3461 stores in countries including the United States Canada the United Kingdom Ireland Germany Poland Austria and Australia.

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