Herndon Capital Management Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Herndon Capital Management reduced its stake in TJX Companies Inc by 14.06% during the most recent quarter end. The investment management company now holds a total of 2,136,945 shares of TJX Companies Inc which is valued at $155.3 Million after selling 349,748 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.TJX Companies Inc makes up approximately 4.03% of Herndon Capital Management’s portfolio.

Other Hedge Funds, Including , Sentry Investments Corp. reduced its stake in TJX by selling 220,700 shares or 16.44% in the most recent quarter. The Hedge Fund company now holds 1,121,560 shares of TJX which is valued at $81.5 Million. TJX Companies Inc makes up approx 1.18% of Sentry Investments Corp.’s portfolio.Raymond James Associates boosted its stake in TJX in the latest quarter, The investment management firm added 17,288 additional shares and now holds a total of 244,486 shares of TJX Companies Inc which is valued at $17.8 Million. TJX Companies Inc makes up approx 0.06% of Raymond James Associates’s portfolio.Cannell Peter B Co Inc reduced its stake in TJX by selling 4,500 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 252,657 shares of TJX which is valued at $18.4 Million. TJX Companies Inc makes up approx 0.66% of Cannell Peter B Co Inc’s portfolio.Cadence Capital Management reduced its stake in TJX by selling 904 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 39,017 shares of TJX which is valued at $3 Million. TJX Companies Inc makes up approx 0.21% of Cadence Capital Management’s portfolio.Kames Capital Plc reduced its stake in TJX by selling 87,279 shares or 8.33% in the most recent quarter. The Hedge Fund company now holds 960,543 shares of TJX which is valued at $72.8 Million. TJX Companies Inc makes up approx 2.19% of Kames Capital Plc’s portfolio.

TJX Companies Inc opened for trading at $75.55 and hit $75.77 on the upside on Wednesday, eventually ending the session at $75.32, with a gain of 0.11% or 0.08 points. The heightened volatility saw the trading volume jump to 26,33,697 shares. Company has a market cap of $49,906 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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