Davy Asset Management Ltd Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Davy Asset Management Ltd reduced its stake in TJX Companies Inc by 5.07% during the most recent quarter end. The investment management company now holds a total of 69,329 shares of TJX Companies Inc which is valued at $5,595,544 after selling 3,702 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.TJX Companies Inc makes up approximately 1.12% of Davy Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc reduced its stake in TJX by selling 178 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 66,867 shares of TJX which is valued at $5,396,836. TJX Companies Inc makes up approx 0.20% of World Asset Management Inc’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.Sequoia Financial Advisors boosted its stake in TJX in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 3,639 shares of TJX Companies Inc which is valued at $297,379. TJX Companies Inc makes up approx 0.08% of Sequoia Financial Advisors’s portfolio.Cibc World Markets boosted its stake in TJX in the latest quarter, The investment management firm added 2,582 additional shares and now holds a total of 75,262 shares of TJX Companies Inc which is valued at $6,008,165. TJX Companies Inc makes up approx 0.03% of Cibc World Markets’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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