Intermede Investment Partners Ltd buys $38,670,562 stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Intermede Investment Partners Ltd scooped up 164,042 additional shares in TJX Companies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 500,266 shares of TJX Companies Inc which is valued at $38,670,562.TJX Companies Inc makes up approximately 4.62% of Intermede Investment Partners Ltd’s portfolio.

TJX Companies Inc opened for trading at $77.15 and hit $77.87 on the upside on Monday, eventually ending the session at $77.63, with a gain of 0.43% or 0.33 points. The heightened volatility saw the trading volume jump to 24,90,745 shares. Company has a market cap of $51,437 M.

Other Hedge Funds, Including , Acadian Asset Management reduced its stake in TJX by selling 80,636 shares or 91.31% in the most recent quarter. The Hedge Fund company now holds 7,674 shares of TJX which is valued at $593,200.Benjamin F. Edwards Company boosted its stake in TJX in the latest quarter, The investment management firm added 376 additional shares and now holds a total of 4,200 shares of TJX Companies Inc which is valued at $324,660. TJX Companies Inc makes up approx 0.07% of Benjamin F. Edwards Company’s portfolio.Atlas Browninc. reduced its stake in TJX by selling 1,300 shares or 7.24% in the most recent quarter. The Hedge Fund company now holds 16,668 shares of TJX which is valued at $1,288,436. TJX Companies Inc makes up approx 0.55% of Atlas Browninc.’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in TJX in the latest quarter, The investment management firm added 18,638 additional shares and now holds a total of 152,606 shares of TJX Companies Inc which is valued at $11,796,444. TJX Companies Inc makes up approx 0.27% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Renaissance Investment Group boosted its stake in TJX in the latest quarter, The investment management firm added 2,280 additional shares and now holds a total of 67,235 shares of TJX Companies Inc which is valued at $5,296,773. TJX Companies Inc makes up approx 2.65% of Renaissance Investment Group’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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