Cabot Wealth Management Inc Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Cabot Wealth Management Inc reduced its stake in TJX Companies Inc by 11.52% during the most recent quarter end. The investment management company now holds a total of 140,404 shares of TJX Companies Inc which is valued at $10,972,573 after selling 18,285 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.TJX Companies Inc makes up approximately 2.83% of Cabot Wealth Management Inc’s portfolio.

Other Hedge Funds, Including , Watch Point Trust Co reduced its stake in TJX by selling 550 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 38,065 shares of TJX which is valued at $3,005,612. TJX Companies Inc makes up approx 2.57% of Watch Point Trust Co’s portfolio. Hollencrest Securities sold out all of its stake in TJX during the most recent quarter. The investment firm sold 2,609 shares of TJX which is valued $206,007.Rosenbaum Jay D. boosted its stake in TJX in the latest quarter, The investment management firm added 1,050 additional shares and now holds a total of 16,510 shares of TJX Companies Inc which is valued at $1,303,630. TJX Companies Inc makes up approx 0.18% of Rosenbaum Jay D.’s portfolio.Cullinan Associates Inc boosted its stake in TJX in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 38,250 shares of TJX Companies Inc which is valued at $2,943,720. TJX Companies Inc makes up approx 0.24% of Cullinan Associates Inc’s portfolio.

TJX Companies Inc closed down -0.36 points or -0.46% at $78.15 with 24,96,456 shares getting traded on Wednesday. Post opening the session at $78.8, the shares hit an intraday low of $78.02 and an intraday high of $78.8 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

Investors should note that on Jun 8, 2016, TJX Companies Inc announced a cash dividend of $0.2600. The company’s management has announced Aug 9, 2016 as the ex-dividend date and fixed the record date on Aug 11, 2016. The payable date has been fixed on Sep 1, 2016.

Many Wall Street Analysts have commented on TJX Companies Inc. Miller Tabak Initiated TJX Companies Inc on Jun 24, 2016 to “Buy”, Price Target of the shares are set at $91.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 .

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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