Ruane Cunniff & Goldfarb INC Cut Tjx Cos INC New (TJX) Holding as Share Price Declined

July 17, 2017 - By Hazel Jackson

Investors sentiment increased to 1.02 in Q4 2016. Its up 0.07, from 0.95 in 2016Q3. It is positive, as 55 investors sold TJX shares while 372 reduced holdings. 99 funds opened positions while 335 raised stakes. 553.24 million shares or 0.41% more from 550.99 million shares in 2016Q3 were reported. Reynders Mcveigh Cap Mgmt Limited Liability Co has 41,992 shares. Pinnacle Associates Ltd invested in 0.04% or 23,708 shares. Lowe Brockenbrough Communications holds 0.58% in TJX Companies Inc (NYSE:TJX) or 46,477 shares. Madison Holdings owns 484,828 shares. Moreover, Sasco Cap Ct has 3.8% invested in TJX Companies Inc (NYSE:TJX). Scotia Capital has invested 0.06% in TJX Companies Inc (NYSE:TJX). Financial Architects invested 0.08% in TJX Companies Inc (NYSE:TJX). Denver Advsrs Limited owns 52,861 shares. Moreover, Asset Corp has 0.4% invested in TJX Companies Inc (NYSE:TJX) for 26,500 shares. Art Advsr Ltd has invested 0.51% in TJX Companies Inc (NYSE:TJX). Michigan-based Telemus Capital Limited Liability Com has invested 0.52% in TJX Companies Inc (NYSE:TJX). Natixis invested 0.04% of its portfolio in TJX Companies Inc (NYSE:TJX). Allsquare Wealth Mgmt Llc, a New York-based fund reported 275 shares. State Of Wisconsin Invest Board has invested 0.22% in TJX Companies Inc (NYSE:TJX). Price T Rowe Assoc Inc Md accumulated 2.32 million shares or 0.03% of the stock.

Since March 3, 2017, it had 0 insider buys, and 3 sales for $2.06 million activity. On Friday, March 3 the insider MacMillan Michael sold $1.66 million. Canestrari Kenneth had sold 4,000 shares worth $303,211. $89,110 worth of TJX Companies Inc (NYSE:TJX) was sold by Sherr Richard.

Ruane Cunniff & Goldfarb Inc decreased its stake in Tjx Cos Inc New (TJX) by 10.93% based on its latest 2016Q4 regulatory filing with the SEC. Ruane Cunniff & Goldfarb Inc sold 1.22M shares as the company’s stock declined 3.78% while stock markets rallied. The institutional investor held 9.90 million shares of the consumer services company at the end of 2016Q4, valued at $743.86M, down from 11.12M at the end of the previous reported quarter. Ruane Cunniff & Goldfarb Inc who had been investing in Tjx Cos Inc New for a number of months, seems to be less bullish one the $45.15B market cap company. The stock rose 0.82% or $0.57 reaching $70.37. About 2.96M shares traded. TJX Companies Inc (NYSE:TJX) has declined 2.02% since July 17, 2016 and is downtrending. It has underperformed by 18.72% the S&P500.

Ruane Cunniff & Goldfarb Inc, which manages about $26.52B and $10.64B US Long portfolio, upped its stake in Wayfair Inc (NYSE:W) by 125,000 shares to 380,788 shares, valued at $13.35M in 2016Q4, according to the filing. It also increased its holding in Builders Firstsource Inc (NASDAQ:BLDR) by 1.00 million shares in the quarter, for a total of 5.01 million shares, and has risen its stake in Dentsply Sirona Inc.

More important recent TJX Companies Inc (NYSE:TJX) news were published by: Seekingalpha.com which released: “TJX Companies – The Treasure Hunt Of Retail” on June 21, 2017, also Nasdaq.com published article titled: “TJX Companies Faces Stressed Margins: Is Revival Likely?”, Seekingalpha.com published: “TJX Companies – Is This A Compelling Entry Point?” on July 05, 2017. More interesting news about TJX Companies Inc (NYSE:TJX) was released by: Fool.com and their article: “TJX Companies Inc Beats the Retail Slump With a One-of-a-Kind Business Strategy” with publication date: July 03, 2017.

TJX Companies Inc (NYSE:TJX) Ratings Coverage

Among 22 analysts covering The TJX Companies (NYSE:TJX), 20 have Buy rating, 0 Sell and 2 Hold. Therefore 91% are positive. The TJX Companies had 37 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Wednesday, May 17 by Morgan Stanley. UBS maintained TJX Companies Inc (NYSE:TJX) on Wednesday, August 19 with “Buy” rating. On Wednesday, October 7 the stock rating was initiated by Citigroup with “Buy”. The stock has “Buy” rating by BMO Capital Markets on Wednesday, July 12. Susquehanna initiated the stock with “Positive” rating in Friday, February 10 report. RBC Capital Markets initiated TJX Companies Inc (NYSE:TJX) on Friday, November 6 with “Outperform” rating. The stock of TJX Companies Inc (NYSE:TJX) has “Buy” rating given on Friday, June 24 by Miller Tabak. The stock of TJX Companies Inc (NYSE:TJX) has “Outperform” rating given on Wednesday, November 16 by RBC Capital Markets. Telsey Advisory Group maintained the stock with “Market Perform” rating in Wednesday, August 19 report. Cowen & Co maintained the stock with “Outperform” rating in Thursday, February 25 report.

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