Eulav Asset Management Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Eulav Asset Management reduced its stake in TJX Companies Inc by 3.69% during the most recent quarter end. The investment management company now holds a total of 339,000 shares of TJX Companies Inc which is valued at $24.6 Million after selling 13,000 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.TJX Companies Inc makes up approximately 1.38% of Eulav Asset Management’s portfolio.

Other Hedge Funds, Including , Ci Global Investments boosted its stake in TJX in the latest quarter, The investment management firm added 15,950 additional shares and now holds a total of 60,300 shares of TJX Companies Inc which is valued at $4.6 Million. TJX Companies Inc makes up approx 0.11% of Ci Global Investments’s portfolio.Welch Forbes boosted its stake in TJX in the latest quarter, The investment management firm added 35,809 additional shares and now holds a total of 340,076 shares of TJX Companies Inc which is valued at $26.1 Million. TJX Companies Inc makes up approx 0.81% of Welch Forbes’s portfolio. Bluecrest Capital Management Ltd sold out all of its stake in TJX during the most recent quarter. The investment firm sold 6,936 shares of TJX which is valued $531,367.Mizuho Trust Banking Ltd. boosted its stake in TJX in the latest quarter, The investment management firm added 30,592 additional shares and now holds a total of 1,102,053 shares of TJX Companies Inc which is valued at $83.6 Million. TJX Companies Inc makes up approx 0.26% of Mizuho Trust Banking Ltd.’s portfolio.

TJX Companies Inc closed down -0.36 points or -0.47% at $75.44 with 35,74,638 shares getting traded on Friday. Post opening the session at $75.27, the shares hit an intraday low of $74.93 and an intraday high of $75.82 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 $0.76 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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