Pictet Cie (europe) Sa buys $14,785,365 stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Pictet Cie (europe) Sa scooped up 22,405 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 9, 2016. The investment management firm now holds a total of 203,431 shares of TJX Companies Inc which is valued at $14,785,365.TJX Companies Inc makes up approximately 3.03% of Pictet Cie (europe) Sa’s portfolio.

Other Hedge Funds, Including , Nelson Roberts Investment Advisors reduced its stake in TJX by selling 2,311 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 111,847 shares of TJX which is valued at $8,568,599. TJX Companies Inc makes up approx 3.28% of Nelson Roberts Investment Advisors’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in TJX in the latest quarter, The investment management firm added 260 additional shares and now holds a total of 23,940 shares of TJX Companies Inc which is valued at $1,834,043. TJX Companies Inc makes up approx 0.12% of Municipal Employees’ Retirement System Of Michigan’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. Spectrum Management Group added TJX to its portfolio by purchasing 13,860 company shares during the most recent quarter which is valued at $1,050,865. TJX Companies Inc makes up approx 0.41% of Spectrum Management Group’s portfolio.

TJX Companies Inc closed down -1.6 points or -2.15% at $72.68 with 70,01,297 shares getting traded on Friday. Post opening the session at $73.12, the shares hit an intraday low of $72.58 and an intraday high of $74.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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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