Ruane Cunniff Goldfarb Inc Lowers stake in TJX Companies Inc (TJX)

TJX Companies Inc (TJX) : Ruane Cunniff Goldfarb Inc reduced its stake in TJX Companies Inc by 8.76% during the most recent quarter end. The investment management company now holds a total of 11,116,041 shares of TJX Companies Inc which is valued at $825,032,563 after selling 1,067,668 shares in TJX Companies Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.TJX Companies Inc makes up approximately 7.57% of Ruane Cunniff Goldfarb Inc’s portfolio.

Other Hedge Funds, Including , Fort Washington Investment Advisors Inc Oh reduced its stake in TJX by selling 85 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 55,785 shares of TJX which is valued at $4,140,363. TJX Companies Inc makes up approx 0.08% of Fort Washington Investment Advisors Inc Oh’s portfolio.Ci Investments reduced its stake in TJX by selling 13,200 shares or 6.51% in the most recent quarter. The Hedge Fund company now holds 189,490 shares of TJX which is valued at $13,628,121. TJX Companies Inc makes up approx 0.16% of Ci Investments’s portfolio.Provident Trust Co reduced its stake in TJX by selling 22,321 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 1,773,544 shares of TJX which is valued at $127,553,284. TJX Companies Inc makes up approx 7.23% of Provident Trust Co’s portfolio.Victory Capital Management Inc boosted its stake in TJX in the latest quarter, The investment management firm added 9,986 additional shares and now holds a total of 28,843 shares of TJX Companies Inc which is valued at $2,070,927. TJX Companies Inc makes up approx 0.01% of Victory Capital Management Inc’s portfolio.

TJX Companies Inc opened for trading at $76.94 and hit $77.93 on the upside on Monday, eventually ending the session at $77.73, with a gain of 0.82% or 0.63 points. The heightened volatility saw the trading volume jump to 48,67,620 shares. Company has a market cap of $51,041 M.

On the company’s financial health, TJX Companies Inc reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 15, 2016. Analyst had a consensus of $0.87. The company had revenue of $8291.70 million for the quarter, compared to analysts expectations of $8227.88 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on TJX Companies Inc. Company shares were Reiterated by Telsey Advisory Group on Nov 16, 2016 to “Market Perform”, Firm has raised the Price Target to $ 80 from a previous price target of $78 .Company shares were Reiterated by Wedbush on Nov 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 85 from a previous price target of $84 .Shares were Reiterated by Stifel on Nov 16, 2016 to “Buy” and Lowered the Price Target to $ 86 from a previous price target of $92 .

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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