Nomura Securities Raises PT and Estimates on The TJX Companies (TJX); Top Line and Margin Momentum

Nomura Securities maintains a 'Buy' on The TJX Companies (NYSE: TJX) price target raised from $43 to $47.

Analyst, Paul Lejuez, said, "1Q Merchandise margin increased ~100bp and divisional segment profits increased substantially. The company also indicated May has gotten off to a strong start and it expects comps +5% in the month. We are increasing our F12E EPS from $2.50 to $2.53 and our F13E EPS from $2.77 to $2.82 based on higher comps and margins than previously forecast. We forecast $1.3bn in share repo in F12 and $1.5bn in F13."

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.

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