Wilbanks Smith Thomas Asset Management Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Wilbanks Smith Thomas Asset Management reduced its stake in TJX Companies Inc by 2.44% during the most recent quarter end. The investment management company now holds a total of 35,021 shares of TJX Companies Inc which is valued at $2,902,190 after selling 875 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.TJX Companies Inc makes up approximately 0.29% of Wilbanks Smith Thomas Asset Management’s portfolio.

Other Hedge Funds, Including , Apg Asset Management N.v. boosted its stake in TJX in the latest quarter, The investment management firm added 387,000 additional shares and now holds a total of 2,780,445 shares of TJX Companies Inc which is valued at $230,415,477. TJX Companies Inc makes up approx 0.42% of Apg Asset Management N.v.’s portfolio.Massmutual Trust Co Fsbadv reduced its stake in TJX by selling 67 shares or 21.0% in the most recent quarter. The Hedge Fund company now holds 252 shares of TJX which is valued at $20,883.Accident Compensation Corp boosted its stake in TJX in the latest quarter, The investment management firm added 1,800 additional shares and now holds a total of 35,371 shares of TJX Companies Inc which is valued at $2,899,715. TJX Companies Inc makes up approx 0.77% of Accident Compensation Corp’s portfolio.Herndon Capital Management reduced its stake in TJX by selling 732,357 shares or 34.27% in the most recent quarter. The Hedge Fund company now holds 1,404,588 shares of TJX which is valued at $114,782,931. TJX Companies Inc makes up approx 4.19% of Herndon Capital Management’s portfolio.

TJX Companies Inc closed down -0.41 points or -0.52% at $78.69 with 28,07,806 shares getting traded on Tuesday. Post opening the session at $79.43, the shares hit an intraday low of $78.685 and an intraday high of $79.45 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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