Signature Estate Investment Advisors buys $13,500,059 stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Signature Estate Investment Advisors scooped up 6,863 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 15, 2016. The investment management firm now holds a total of 174,645 shares of TJX Companies Inc which is valued at $13,500,059.TJX Companies Inc makes up approximately 2.21% of Signature Estate Investment Advisors’s portfolio.

TJX Companies Inc closed down -0.61 points or -0.79% at $77.01 with 18,73,694 shares getting traded on Wednesday. Post opening the session at $77.52, the shares hit an intraday low of $76.89 and an intraday high of $77.99 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Perkins Coie Trust Co reduced its stake in TJX by selling 2,029 shares or 7.4% in the most recent quarter. The Hedge Fund company now holds 25,375 shares of TJX which is valued at $1,961,488. TJX Companies Inc makes up approx 1.32% of Perkins Coie Trust Co’s portfolio.Campbell Newman Asset Management Inc boosted its stake in TJX in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 12,990 shares of TJX Companies Inc which is valued at $1,004,127. TJX Companies Inc makes up approx 0.21% of Campbell Newman Asset Management Inc’s portfolio. Gradient Investments added TJX to its portfolio by purchasing 350 company shares during the most recent quarter which is valued at $27,055.Stock Yards Bank Trust Co boosted its stake in TJX in the latest quarter, The investment management firm added 60,823 additional shares and now holds a total of 78,343 shares of TJX Companies Inc which is valued at $5,910,979. TJX Companies Inc makes up approx 0.85% of Stock Yards Bank Trust Co’s portfolio.Pensionfund Sabic reduced its stake in TJX by selling 1,800 shares or 6.12% in the most recent quarter. The Hedge Fund company now holds 27,600 shares of TJX which is valued at $2,082,420. TJX Companies Inc makes up approx 0.64% of Pensionfund Sabic’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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