Barrett Asset Management Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Barrett Asset Management reduced its stake in TJX Companies Inc by 3.23% during the most recent quarter end. The investment management company now holds a total of 245,788 shares of TJX Companies Inc which is valued at $19,581,930 after selling 8,197 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.TJX Companies Inc makes up approximately 1.63% of Barrett Asset Management’s portfolio.

Other Hedge Funds, Including , Cribstone Capital Management added TJX to its portfolio by purchasing 608 company shares during the most recent quarter which is valued at $48,439. TJX Companies Inc makes up approx 0.03% of Cribstone Capital Management’s portfolio.Balasa Dinverno Foltz boosted its stake in TJX in the latest quarter, The investment management firm added 184 additional shares and now holds a total of 4,392 shares of TJX Companies Inc which is valued at $348,110. TJX Companies Inc makes up approx 0.06% of Balasa Dinverno Foltz’s portfolio.Pacwest Financial Management Inc reduced its stake in TJX by selling 1,365 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 51,513 shares of TJX which is valued at $4,025,741. TJX Companies Inc makes up approx 2.46% of Pacwest Financial Management Inc’s portfolio.

TJX Companies Inc opened for trading at $79.59 and hit $79.88 on the upside on Wednesday, eventually ending the session at $79.67, with a gain of 0.40% or 0.32 points. The heightened volatility saw the trading volume jump to 24,38,506 shares. Company has a market cap of $52,669 M.

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.

Investors should note that on Jun 8, 2016, TJX Companies Inc announced a cash dividend of $0.2600. The company’s management has announced Aug 9, 2016 as the ex-dividend date and fixed the record date on Aug 11, 2016. The payable date has been fixed on Sep 1, 2016.

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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