Pacwest Financial Management Inc Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Pacwest Financial Management Inc reduced its stake in TJX Companies Inc by 3.75% during the most recent quarter end. The investment management company now holds a total of 49,583 shares of TJX Companies Inc which is valued at $3,710,296 after selling 1,930 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.TJX Companies Inc makes up approximately 2.28% of Pacwest Financial Management Inc’s portfolio.

Other Hedge Funds, Including , Contravisory Investment Management reduced its stake in TJX by selling 4,722 shares or 4.64% in the most recent quarter. The Hedge Fund company now holds 97,002 shares of TJX which is valued at $7,258,660. TJX Companies Inc makes up approx 2.38% of Contravisory Investment Management’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in TJX by selling 3,456 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 167,665 shares of TJX which is valued at $12,363,617. TJX Companies Inc makes up approx 0.26% of Exxonmobil Investment Management Inc Tx’s portfolio.Washington Trust Bank boosted its stake in TJX in the latest quarter, The investment management firm added 726 additional shares and now holds a total of 11,764 shares of TJX Companies Inc which is valued at $872,889. TJX Companies Inc makes up approx 0.21% of Washington Trust Bank’s portfolio.Harbour Capital Advisors reduced its stake in TJX by selling 75 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 10,938 shares of TJX which is valued at $811,600. TJX Companies Inc makes up approx 0.44% of Harbour Capital Advisors’s portfolio.

TJX Companies Inc closed down -0.6 points or -0.80% at $74.23 with 28,46,099 shares getting traded on Tuesday. Post opening the session at $74.53, the shares hit an intraday low of $74.18 and an intraday high of $74.84 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.

Investors should note that on Sep 16, 2016, TJX Companies Inc announced a cash dividend of $0.2600. The company’s management has announced Nov 8, 2016 as the ex-dividend date and fixed the record date on Nov 10, 2016. The payable date has been fixed on Dec 1, 2016.

Many Wall Street Analysts have commented on TJX Companies Inc. TJX Companies Inc was Resumed by Guggenheim to “Buy” on Sep 30, 2016. 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 .

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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