Montag Caldwell Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Montag Caldwell reduced its stake in TJX Companies Inc by 18.49% during the most recent quarter end. The investment management company now holds a total of 2,179,878 shares of TJX Companies Inc which is valued at $167,000,454 after selling 494,650 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.TJX Companies Inc makes up approximately 3.10% of Montag Caldwell’s portfolio.

Other Hedge Funds, Including , Columbus Circle Investors reduced its stake in TJX by selling 52,447 shares or 3.62% in the most recent quarter. The Hedge Fund company now holds 1,397,800 shares of TJX which is valued at $107,085,458. TJX Companies Inc makes up approx 0.97% of Columbus Circle Investors’s portfolio.Calvert Investment Management boosted its stake in TJX in the latest quarter, The investment management firm added 67,885 additional shares and now holds a total of 101,260 shares of TJX Companies Inc which is valued at $7,757,529. TJX Companies Inc makes up approx 0.34% of Calvert Investment Management’s portfolio.Meritage Portfolio Management reduced its stake in TJX by selling 1,490 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 127,924 shares of TJX which is valued at $9,790,024. TJX Companies Inc makes up approx 1.10% of Meritage Portfolio Management’s portfolio.Montrusco Bolton Investments reduced its stake in TJX by selling 56,617 shares or 20.95% in the most recent quarter. The Hedge Fund company now holds 213,649 shares of TJX which is valued at $16,350,558. TJX Companies Inc makes up approx 1.28% of Montrusco Bolton Investments’s portfolio.Dividend Asset Capital boosted its stake in TJX in the latest quarter, The investment management firm added 6,836 additional shares and now holds a total of 1,803,198 shares of TJX Companies Inc which is valued at $137,998,743. TJX Companies Inc makes up approx 3.84% of Dividend Asset Capital’s portfolio.

TJX Companies Inc closed down -0.89 points or -1.15% at $76.63 with 36,19,218 shares getting traded on Tuesday. Post opening the session at $78.12, the shares hit an intraday low of $76.51 and an intraday high of $78.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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