Polen Capital Management buys $462,292,864 stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Polen Capital Management scooped up 582,041 additional shares in TJX Companies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 5,578,531 shares of TJX Companies Inc which is valued at $462,292,864.TJX Companies Inc makes up approximately 5.51% of Polen Capital Management’s portfolio.

Other Hedge Funds, Including , Tiger Eye Capital sold out all of its stake in TJX during the most recent quarter. The investment firm sold 294,568 shares of TJX which is valued $24,410,850.Wilbanks Smith Thomas Asset Management reduced its stake in TJX by selling 875 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 35,021 shares of TJX which is valued at $2,902,190. TJX Companies Inc makes up approx 0.29% of Wilbanks Smith Thomas Asset Management’s portfolio.Blackrock Fund Advisors boosted its stake in TJX in the latest quarter, The investment management firm added 378,433 additional shares and now holds a total of 10,074,212 shares of TJX Companies Inc which is valued at $834,849,948. TJX Companies Inc makes up approx 0.18% of Blackrock Fund Advisors’s portfolio.Rehmann Capital Advisory Group boosted its stake in TJX in the latest quarter, The investment management firm added 4,985 additional shares and now holds a total of 13,854 shares of TJX Companies Inc which is valued at $1,124,668. TJX Companies Inc makes up approx 0.21% of Rehmann Capital Advisory Group’s portfolio.Capstone Asset Management Co reduced its stake in TJX by selling 102,055 shares or 49.69% in the most recent quarter. The Hedge Fund company now holds 103,344 shares of TJX which is valued at $8,076,334. TJX Companies Inc makes up approx 0.24% of Capstone Asset Management Co’s portfolio.

TJX Companies Inc closed down -0.12 points or -0.15% at $78.57 with 28,14,907 shares getting traded on Monday. Post opening the session at $78.57, the shares hit an intraday low of $78.42 and an intraday high of $79.14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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