Banque Pictet Cie Sa Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Banque Pictet Cie Sa reduced its stake in TJX Companies Inc by 70.44% during the most recent quarter end. The investment management company now holds a total of 285,364 shares of TJX Companies Inc which is valued at $23,648,115 after selling 679,874 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.TJX Companies Inc makes up approximately 0.61% of Banque Pictet Cie Sa’s portfolio.

Other Hedge Funds, Including , Pioneer Investment Management Inc reduced its stake in TJX by selling 64,200 shares or 3.28% in the most recent quarter. The Hedge Fund company now holds 1,893,452 shares of TJX which is valued at $156,910,367. TJX Companies Inc makes up approx 0.56% of Pioneer Investment Management Inc’s portfolio.Evermay Wealth Management boosted its stake in TJX in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 3,970 shares of TJX Companies Inc which is valued at $320,419. TJX Companies Inc makes up approx 0.16% of Evermay Wealth Management’s portfolio. Advocacy Wealth Management Services sold out all of its stake in TJX during the most recent quarter. The investment firm sold 9 shares of TJX which is valued $713.

TJX Companies Inc opened for trading at $77.89 and hit $79.435 on the upside on Friday, eventually ending the session at $79.35, with a gain of 1.98% or 1.54 points. The heightened volatility saw the trading volume jump to 63,30,703 shares. Company has a market cap of $52,457 M.

On the company’s financial health, TJX Companies Inc reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $0.81. The company had revenue of $7882.00 million for the quarter, compared to analysts expectations of $7842.87 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on TJX Companies Inc. Company shares were Reiterated by Wedbush on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 84 from a previous price target of $82 .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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