TJX Companies Inc (TJX) reported quarterly earnings results on Tuesday, May-17-2016. The company said it had a profit of $0.76 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.71. The company posted revenue of $7542.40 million in the period, compared to analysts expectations of $7290.53 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on TJX Companies Inc. Shares were Reiterated by Wolfe Research on Feb 25, 2016 to “Outperform” and Lowered the Price Target to $ 80 from a previous price target of $82 .Shares were Reiterated by Telsey Advisory Group on Feb 25, 2016 to “Market Perform” and Lowered the Price Target to $ 78 from a previous price target of $79 .Shares were Reiterated by Wedbush on Feb 25, 2016 to “Outperform” and Lowered the Price Target to $ 79 from a previous price target of $80 .
TJX Companies Inc opened for trading at $73.12 and hit $75.21 on the upside on Monday, eventually ending the session at $75.19, with a gain of 3.45% or 2.51 points. The heightened volatility saw the trading volume jump to 81,47,178 shares. Company has a market cap of $49,820 M.
In a different news, on Apr 18, 2016, Scott Goldenberg (SEVP, CFO) sold 17,393 shares at $77.15 per share price. According to the SEC, on Mar 8, 2016, Carol Meyrowitz (Executive Chairman) sold 64,800 shares at $75.56 per share price. On Feb 29, 2016, Amy B Lane (director) sold 750 shares at $75.64 per share price, according to the Form-4 filing with the securities and exchange commission.
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.