Schwartz Investment Counsel Inc Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Schwartz Investment Counsel Inc reduced its stake in TJX Companies Inc by 0.85% during the most recent quarter end. The investment management company now holds a total of 351,600 shares of TJX Companies Inc which is valued at $28,683,528 after selling 3,000 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.TJX Companies Inc makes up approximately 1.98% of Schwartz Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Btim Corp. reduced its stake in TJX by selling 3,325 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 70,914 shares of TJX which is valued at $5,785,164. TJX Companies Inc makes up approx 0.10% of Btim Corp.’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in TJX by selling 6,659 shares or 5.58% in the most recent quarter. The Hedge Fund company now holds 112,723 shares of TJX which is valued at $9,097,873. TJX Companies Inc makes up approx 0.12% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Meritage Portfolio Management reduced its stake in TJX by selling 1,790 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 126,134 shares of TJX which is valued at $10,069,277. TJX Companies Inc makes up approx 1.09% of Meritage Portfolio Management’s portfolio.Windward Capital Management Co Ca boosted its stake in TJX in the latest quarter, The investment management firm added 533 additional shares and now holds a total of 69,964 shares of TJX Companies Inc which is valued at $5,545,347. TJX Companies Inc makes up approx 1.04% of Windward Capital Management Co Ca’s portfolio.

TJX Companies Inc opened for trading at $77.82 and hit $79.09 on the upside on Wednesday, eventually ending the session at $78.19, with a gain of 0.28% or 0.22 points. The heightened volatility saw the trading volume jump to 67,46,874 shares. Company has a market cap of $51,690 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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