UBS Reiterates a 'Buy' on The TJX Companies (TJX); Noteworthy Takeaways from Q1 Conference Call
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Price: $51.35 +0.04%
Rating Summary:
13 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
13 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade TJX Now!
UBS reiterates a 'Buy' on The TJX Companies (NYSE: TJX) price target raised from $45 to $47.
Analyst, Roxanne Meyer, said, "For us, the incremental takeaways were: 1) TJX is driving traffic and widening its demographic reach across the board (including some new younger customers); likely taking share from the department stores (particularly Kohl's (NYSE: KSS) and JCPenney (NYSE: JCP)) and perhaps even some fast-fashion retailers (which have noted a slowdown lately). 2) TJX achieved its highest profit margin in its history, changing the face of the off-price model and making us more confident in EPS upside potential (especially with comp upside). 3) May comp guidance of +5%/reit of FY12 EPS is a standout in retail."
UBS raises FY13/14 EPS estimate by $0.02 to $2.43/2.72, respectively.
For an analyst ratings summary and ratings history on The TJX Companies click here. For more ratings news on The TJX Companies click here.
Shares of The TJX Companies closed at $42.45 yesterday, with a 52 week range of $33.99-$69.01.
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Analyst, Roxanne Meyer, said, "For us, the incremental takeaways were: 1) TJX is driving traffic and widening its demographic reach across the board (including some new younger customers); likely taking share from the department stores (particularly Kohl's (NYSE: KSS) and JCPenney (NYSE: JCP)) and perhaps even some fast-fashion retailers (which have noted a slowdown lately). 2) TJX achieved its highest profit margin in its history, changing the face of the off-price model and making us more confident in EPS upside potential (especially with comp upside). 3) May comp guidance of +5%/reit of FY12 EPS is a standout in retail."
UBS raises FY13/14 EPS estimate by $0.02 to $2.43/2.72, respectively.
For an analyst ratings summary and ratings history on The TJX Companies click here. For more ratings news on The TJX Companies click here.
Shares of The TJX Companies closed at $42.45 yesterday, with a 52 week range of $33.99-$69.01.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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