Alta Capital Management LLC Has Decreased Tjx Companies (TJX) Stake as Share Value Rose

September 16, 2018 - By Alfred Lee

The TJX Companies, Inc. (NYSE:TJX) LogoInvestors sentiment increased to 1.01 in 2018 Q2. Its up 0.10, from 0.91 in 2018Q1. It increased, as 43 investors sold TJX shares while 376 reduced holdings. 102 funds opened positions while 321 raised stakes. 527.52 million shares or 1.41% less from 535.05 million shares in 2018Q1 were reported. Dorsey & Whitney Lc holds 5,545 shares or 0.09% of its portfolio. Steinberg Global Asset Mngmt has invested 0.08% in The TJX Companies, Inc. (NYSE:TJX). Prudential Public Limited Co, Illinois-based fund reported 35,010 shares. Schwab Charles Inv stated it has 2.52 million shares or 0.18% of all its holdings. Sheets Smith Wealth Management reported 25,687 shares. Smithfield Tru Com reported 7,813 shares. First Republic Invest Mngmt Inc reported 0.22% stake. Pictet And Cie (Europe) Sa owns 0.18% invested in The TJX Companies, Inc. (NYSE:TJX) for 12,268 shares. Louisiana State Employees Retirement, Louisiana-based fund reported 36,900 shares. Cibc Asset Mngmt invested 0.05% in The TJX Companies, Inc. (NYSE:TJX). Glenview Bank & Trust Tru Dept reported 0.31% in The TJX Companies, Inc. (NYSE:TJX). Jennison Ltd Llc has invested 0% in The TJX Companies, Inc. (NYSE:TJX). Advisory Services Networks Lc owns 19,633 shares for 0.15% of their portfolio. Ashfield Capital Ptnrs Ltd has invested 0.29% in The TJX Companies, Inc. (NYSE:TJX). Baldwin Brothers Ma reported 4,700 shares or 0.07% of all its holdings.

Since April 18, 2018, it had 0 insider buys, and 4 insider sales for $3.27 million activity. LANE AMY B also sold $44,025 worth of The TJX Companies, Inc. (NYSE:TJX) on Wednesday, May 23. On Thursday, April 19 Goldenberg Scott sold $1.36 million worth of The TJX Companies, Inc. (NYSE:TJX) or 16,344 shares.

Alta Capital Management Llc decreased its stake in Tjx Companies (TJX) by 24.87% based on its latest 2018Q2 regulatory filing with the SEC. Alta Capital Management Llc sold 192,505 shares as the company’s stock rose 16.43% with the market. The institutional investor held 581,511 shares of the consumer services company at the end of 2018Q2, valued at $55.35M, down from 774,016 at the end of the previous reported quarter. Alta Capital Management Llc who had been investing in Tjx Companies for a number of months, seems to be less bullish one the $67.52B market cap company. The stock decreased 0.19% or $0.21 during the last trading session, reaching $108.77. About 4.54 million shares traded or 39.60% up from the average. The TJX Companies, Inc. (NYSE:TJX) has risen 49.97% since September 16, 2017 and is uptrending. It has outperformed by 34.35% the S&P500.

Analysts await The TJX Companies, Inc. (NYSE:TJX) to report earnings on November, 13. They expect $1.21 EPS, up 21.00 % or $0.21 from last year’s $1 per share. TJX’s profit will be $751.13 million for 22.47 P/E if the $1.21 EPS becomes a reality. After $1.17 actual EPS reported by The TJX Companies, Inc. for the previous quarter, Wall Street now forecasts 3.42 % EPS growth.

More notable recent The TJX Companies, Inc. (NYSE:TJX) news were published by: Seekingalpha.com which released: “TJX: Not Maxxed Out” on August 22, 2018, also Seekingalpha.com with their article: “We’ve Reached Peak TJX” published on September 12, 2018, Seekingalpha.com published: “Comparable sales dazzle at TJX Companies” on August 21, 2018. More interesting news about The TJX Companies, Inc. (NYSE:TJX) were released by: Seekingalpha.com and their article: “Is TJX Companies An Anti-Gravity Stock?” published on August 31, 2018 as well as Seekingalpha.com‘s news article titled: “The Sears CEO said what?” with publication date: September 15, 2018.

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

Among 16 analysts covering TJX Companies (NYSE:TJX), 10 have Buy rating, 1 Sell and 5 Hold. Therefore 63% are positive. TJX Companies had 20 analyst reports since April 9, 2018 according to SRatingsIntel. Credit Suisse maintained the shares of TJX in report on Friday, June 22 with “Neutral” rating. The stock of The TJX Companies, Inc. (NYSE:TJX) has “Neutral” rating given on Wednesday, May 23 by Credit Suisse. On Wednesday, August 22 the stock rating was maintained by Bank of America with “Buy”. As per Wednesday, May 23, the company rating was maintained by Buckingham Research. Cowen & Co maintained the shares of TJX in report on Monday, April 9 with “Buy” rating. Buckingham Research maintained The TJX Companies, Inc. (NYSE:TJX) rating on Monday, August 20. Buckingham Research has “Buy” rating and $112 target. The firm earned “Buy” rating on Monday, April 30 by Deutsche Bank. Morgan Stanley maintained The TJX Companies, Inc. (NYSE:TJX) on Thursday, August 23 with “Overweight” rating. The firm has “Buy” rating by Citigroup given on Tuesday, July 31. The rating was downgraded by Atlantic Securities to “Neutral” on Tuesday, June 26.

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

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