Horseman Capital Management Ltd buys $42,307,028 stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Horseman Capital Management Ltd scooped up 53,200 additional shares in TJX Companies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 582,100 shares of TJX Companies Inc which is valued at $42,307,028.TJX Companies Inc makes up approximately 12.21% of Horseman Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Nbt Bank N A Ny boosted its stake in TJX in the latest quarter, The investment management firm added 1,978 additional shares and now holds a total of 34,108 shares of TJX Companies Inc which is valued at $2,478,969. TJX Companies Inc makes up approx 0.44% of Nbt Bank N A Ny’s portfolio. Princeton Alpha Management Lp sold out all of its stake in TJX during the most recent quarter. The investment firm sold 21,676 shares of TJX which is valued $1,660,598.Tokio Marine Asset Management Co Ltd boosted its stake in TJX in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 19,155 shares of TJX Companies Inc which is valued at $1,467,465. TJX Companies Inc makes up approx 0.15% of Tokio Marine Asset Management Co Ltd’s portfolio.Burney Co boosted its stake in TJX in the latest quarter, The investment management firm added 1,778 additional shares and now holds a total of 234,896 shares of TJX Companies Inc which is valued at $17,995,383. TJX Companies Inc makes up approx 1.32% of Burney Co’s portfolio.Wright Investors Service Inc boosted its stake in TJX in the latest quarter, The investment management firm added 4,022 additional shares and now holds a total of 11,615 shares of TJX Companies Inc which is valued at $880,649. TJX Companies Inc makes up approx 0.35% of Wright Investors Service Inc’s portfolio.

TJX Companies Inc closed down -1.6 points or -2.15% at $72.68 with 70,01,297 shares getting traded on Friday. Post opening the session at $73.12, the shares hit an intraday low of $72.58 and an intraday high of $74.8 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 $0.99 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.

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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