Westend Advisors LLC Decreased Its Tjx Companies (TJX) Holding as Valuation Rose

July 12, 2018 - By Richard Conner

The TJX Companies, Inc. (NYSE:TJX) LogoInvestors sentiment decreased to 0.91 in 2018 Q1. Its down 0.16, from 1.07 in 2017Q4. It dropped, as 64 investors sold TJX shares while 387 reduced holdings. 99 funds opened positions while 311 raised stakes. 535.05 million shares or 1.96% less from 545.74 million shares in 2017Q4 were reported. National Bank Of Mellon owns 18.52M shares or 0.42% of their US portfolio. Martingale Asset Ltd Partnership has 4,812 shares for 0.01% of their portfolio. Moreover, Kopp Inv Advsrs Llc has 0.53% invested in The TJX Companies, Inc. (NYSE:TJX) for 6,368 shares. 1.20 million were accumulated by Alyeska Grp L P. Moreover, Advisory Network Limited Liability Corporation has 0.13% invested in The TJX Companies, Inc. (NYSE:TJX). Estabrook Cap Management holds 304 shares or 0% of its portfolio. Pennsylvania Trust Com reported 15,862 shares. 1,489 are owned by Tru Department Mb Finance Commercial Bank N A. Hendershot Incorporated invested in 3.03% or 91,655 shares. Convergence Ltd Liability Co has invested 0.02% in The TJX Companies, Inc. (NYSE:TJX). Moreover, Qci Asset Mngmt Ny has 1.46% invested in The TJX Companies, Inc. (NYSE:TJX) for 168,409 shares. Diamond Hill Mngmt holds 1.92% or 4.60M shares in its portfolio. Svcs Of America Inc, Wisconsin-based fund reported 187,599 shares. Choate Investment Advisors invested in 24,638 shares. Lenox Wealth holds 0.08% or 3,163 shares.

Since March 1, 2018, it had 0 buys, and 9 insider sales for $17.25 million activity. On Thursday, April 19 Goldenberg Scott sold $1.36M worth of The TJX Companies, Inc. (NYSE:TJX) or 16,344 shares. Herrman Ernie sold 12,835 shares worth $1.06 million. 500 shares valued at $44,025 were sold by LANE AMY B on Wednesday, May 23. $11.08 million worth of stock was sold by MEYROWITZ CAROL on Thursday, March 1.

Westend Advisors Llc decreased its stake in Tjx Companies (TJX) by 4.89% based on its latest 2018Q1 regulatory filing with the SEC. Westend Advisors Llc sold 30,272 shares as the company’s stock rose 11.74% while stock markets declined. The institutional investor held 589,390 shares of the consumer services company at the end of 2018Q1, valued at $48.07 billion, down from 619,662 at the end of the previous reported quarter. Westend Advisors Llc who had been investing in Tjx Companies for a number of months, seems to be less bullish one the $59.01B market cap company. The stock decreased 1.03% or $0.98 during the last trading session, reaching $94.38. About 2.24 million shares traded. The TJX Companies, Inc. (NYSE:TJX) has risen 16.90% since July 12, 2017 and is uptrending. It has outperformed by 4.33% the S&P500.

Westend Advisors Llc, which manages about $1061.53 billion US Long portfolio, upped its stake in Ishares U.S. Financial Srvcs (IYG) by 13,336 shares to 124,000 shares, valued at $16.24 billion in 2018Q1, according to the filing. It also increased its holding in Spdr Portfolio Short Term Corp. Bd. Etf (SCPB) by 102,200 shares in the quarter, for a total of 330,086 shares, and has risen its stake in Gilead Sciences Inc. (NASDAQ:GILD).

Analysts await The TJX Companies, Inc. (NYSE:TJX) to report earnings on August, 21. They expect $1.04 EPS, up 22.35 % or $0.19 from last year’s $0.85 per share. TJX’s profit will be $650.21 million for 22.69 P/E if the $1.04 EPS becomes a reality. After $1.13 actual EPS reported by The TJX Companies, Inc. for the previous quarter, Wall Street now forecasts -7.96 % negative EPS growth.

More recent The TJX Companies, Inc. (NYSE:TJX) news were published by: Benzinga.com which released: “Don’t Expect A Big Q2 Beat For TJX Companies, Atlantic Equities Says In Downgrade” on June 26, 2018. Also Fool.com published the news titled: “3 Reasons TJX Companies Stock Could Rise” on June 22, 2018. Seekingalpha.com‘s news article titled: “TJX Is The Best Investment In Retail” with publication date: June 25, 2018 was also an interesting one.

The TJX Companies, Inc. (NYSE:TJX) Ratings Coverage

Among 16 analysts covering TJX Companies (NYSE:TJX), 11 have Buy rating, 1 Sell and 4 Hold. Therefore 69% are positive. TJX Companies had 25 analyst reports since January 17, 2018 according to SRatingsIntel. The stock of The TJX Companies, Inc. (NYSE:TJX) earned “Buy” rating by Northcoast on Friday, March 2. The rating was maintained by Cowen & Co on Monday, April 9 with “Buy”. The firm earned “Buy” rating on Monday, April 30 by Deutsche Bank. The stock of The TJX Companies, Inc. (NYSE:TJX) earned “Buy” rating by Buckingham Research on Wednesday, May 23. The firm earned “Buy” rating on Tuesday, January 23 by Susquehanna. The stock of The TJX Companies, Inc. (NYSE:TJX) earned “Buy” rating by Guggenheim on Wednesday, February 28. As per Thursday, March 1, the company rating was maintained by Deutsche Bank. The company was maintained on Friday, June 22 by Credit Suisse. The stock of The TJX Companies, Inc. (NYSE:TJX) earned “Buy” rating by Nomura on Wednesday, January 17. The stock of The TJX Companies, Inc. (NYSE:TJX) earned “Neutral” rating by Credit Suisse on Wednesday, May 23.

The TJX Companies, Inc. (NYSE:TJX) Institutional Positions Chart

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