Haverford Financial Services Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Haverford Financial Services reduced its stake in TJX Companies Inc by 1.32% during the most recent quarter end. The investment management company now holds a total of 136,504 shares of TJX Companies Inc which is valued at $9,921,111 after selling 1,825 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on May 10, 2016.TJX Companies Inc makes up approximately 4.19% of Haverford Financial Services’s portfolio.

Other Hedge Funds, Including , D L Carlson Investment Group Inc boosted its stake in TJX in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 46,230 shares of TJX Companies Inc which is valued at $3,359,996. TJX Companies Inc makes up approx 1.25% of D L Carlson Investment Group Inc’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in TJX in the latest quarter, The investment management firm added 450 additional shares and now holds a total of 231,483 shares of TJX Companies Inc which is valued at $17,733,913. TJX Companies Inc makes up approx 0.16% of Los Angeles Capital Management Equity Research Inc’s portfolio.Gamble Jones Investment Counsel boosted its stake in TJX in the latest quarter, The investment management firm added 758 additional shares and now holds a total of 26,906 shares of TJX Companies Inc which is valued at $2,061,269. TJX Companies Inc makes up approx 0.23% of Gamble Jones Investment Counsel’s portfolio. Ims Capital Management added TJX to its portfolio by purchasing 2,878 company shares during the most recent quarter which is valued at $218,210. TJX Companies Inc makes up approx 0.26% of Ims Capital Management’s portfolio.

TJX Companies Inc opened for trading at $73.12 and hit $75.21 on the upside on Monday, eventually ending the session at $75.19, with a gain of 3.45% or 2.51 points. The heightened volatility saw the trading volume jump to 81,47,178 shares. Company has a market cap of $49,820 M.

On the company’s financial health, TJX Companies Inc reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 17, 2016. Analyst had a consensus of $0.71. The company had revenue of $7542.40 million for the quarter, compared to analysts expectations of $7290.53 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on TJX Companies Inc. Company shares were Reiterated by RBC Capital Mkts on May 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 84 from a previous price target of $82 .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 .

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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