Gryphon International Investment Corp Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Gryphon International Investment Corp reduced its stake in TJX Companies Inc by 2.52% during the most recent quarter end. The investment management company now holds a total of 370,118 shares of TJX Companies Inc which is valued at $29,546,520 after selling 9,550 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.TJX Companies Inc makes up approximately 6.57% of Gryphon International Investment Corp’s portfolio.

Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in TJX by selling 922 shares or 4.71% in the most recent quarter. The Hedge Fund company now holds 18,653 shares of TJX which is valued at $1,457,732. TJX Companies Inc makes up approx 0.41% of Central Bank Trust Co’s portfolio.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.Howland Capital Management boosted its stake in TJX in the latest quarter, The investment management firm added 10,216 additional shares and now holds a total of 191,175 shares of TJX Companies Inc which is valued at $15,095,178. TJX Companies Inc makes up approx 1.41% of Howland Capital Management’s portfolio.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.

TJX Companies Inc opened for trading at $81 and hit $81.36 on the upside on Thursday, eventually ending the session at $81.24, with a gain of 0.07% or 0.06 points. The heightened volatility saw the trading volume jump to 23,89,749 shares. Company has a market cap of $53,706 M.

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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