Welch Forbes buys $28,744,302 stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Welch Forbes scooped up 16,067 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 2, 2016. The investment management firm now holds a total of 356,143 shares of TJX Companies Inc which is valued at $28,744,302.TJX Companies Inc makes up approximately 0.85% of Welch Forbes’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in TJX in the latest quarter, The investment management firm added 1,702 additional shares and now holds a total of 100,832 shares of TJX Companies Inc which is valued at $8,138,151. TJX Companies Inc makes up approx 0.21% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Ashburton (jersey) Ltd reduced its stake in TJX by selling 35,761 shares or 62.6% in the most recent quarter. The Hedge Fund company now holds 21,369 shares of TJX which is valued at $1,746,275. TJX Companies Inc makes up approx 0.70% of Ashburton (jersey) Ltd’s portfolio.Professional Advisory Services Inc reduced its stake in TJX by selling 6,059 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 165,982 shares of TJX which is valued at $13,155,733. TJX Companies Inc makes up approx 2.93% of Professional Advisory Services Inc’s portfolio.Marathon Asset Management Llp boosted its stake in TJX in the latest quarter, The investment management firm added 1,523 additional shares and now holds a total of 82,816 shares of TJX Companies Inc which is valued at $6,563,996. TJX Companies Inc makes up approx 0.14% of Marathon Asset Management Llp’s portfolio.West Oak Capital reduced its stake in TJX by selling 225 shares or 3.15% in the most recent quarter. The Hedge Fund company now holds 6,925 shares of TJX which is valued at $546,798. TJX Companies Inc makes up approx 0.39% of West Oak Capital’s portfolio.

TJX Companies Inc closed down -0.4 points or -0.49% at $81.58 with 32,21,459 shares getting traded on Monday. Post opening the session at $82.15, the shares hit an intraday low of $81.46 and an intraday high of $82.28 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 $0.76 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.

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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