Why Are These 4 Stocks Among the Top Gainers Today?

A solid third quarter report has pushed TJX Companies Inc (NYSE:TJX) up as well this morning, with shares opening 6.4% higher before erasing some of those gains. An operator of off-price apparel and home fashion retail outlets, TJX Companies registered $7.75 billion in sales, up by 5.3% year-over-year, above analysts’ estimates of $7.68 billion, while earnings of $0.86 per share beat market expectations of $0.84 per share as well. The company also said that it now expects full year profit to range between $3.26 and $3.28 per share.

Although there were 33 hedge funds that reported holding a long position in TJX Companies Inc (NYSE:TJX) as of the end of the second quarter, their combined holdings amounted to just 3% of the stock’s outstanding shares. Among the funds that we follow, the largest investment in the company is held by Diamond Hill Capital, run by Ric Dillon. In its latest 13F filing, the fund reported ownership of 3.98 million shares valued at $284 million. Peter Rathjens, Bruce Clarke and John Campbell stepped up their interest in TJX Companies during the third quarter, doubling their stake to 3.86 million shares.

Having crushed the stock on Friday after its preliminary third quarter results were released, investors are pushing Vipshop Holdings Ltd – ADR (NYSE:VIPS) higher today ahead of the actual earnings report, due after the closing bell today. The company was forced to revise its estimates, as its sales were hit by a warm autumn that led to customers delaying their shopping for winter apparel. Vipshop said it expects revenues to range between 8.6 billion yuan and 8.7 billion yuan ($1.35 billion and $1.36 billion), while analysts are looking for earnings of roughly $0.18 per share.

Vipshop Holdings Ltd – ADR (NYSE:VIPS) is another stock Chase Coleman is bullish on, having boosted his stake by 15% to 17.4 million shares worth in excess of $292 million. John Burbank, on the other hand, chose caution and reduced his exposure to the stock. According to Passport Capital’s latest 13F filing, its investment amounts to 9.26 million shares valued at $155 million. Vipshop Holdings gained some popularity among the funds that we follow in the second quarter, with 54 of them invested at the end of the period, up from 48 at the beginning of it.

Disclosure: None