MKM Partners Maintains a 'Buy' on The TJX Companies (TJX); Q2 Preview: Buy in Front of Report
Tweet
Share
E-mailGet Alerts TJX Hot Sheet
Price: $140.53 -0.11%
Rating Summary:
36 Buy, 8 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
36 Buy, 8 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Join SI Premium – FREE
MKM Partners maintains a 'Buy' on The TJX Companies (NYSE: TJX) price target of $48.00.
Analyst, Patrick McKeever, said, "We expect EPS of $0.55, up 22% y/y and in line with the Street mean and recently raised guidance. We’re modeling an operating margin of 11.1%, up 70 basis points from LY and incorporating a 40 bpt increase in gross margin and more than 30 bps of SG&A leverage, even with incremental spending on growth-related investments. We note that original guidance called for 2%-4% same-store sales growth and EPS of $0.47-$0.50."
McKeever said that despite the stock's 38% run-up this year and premium valuation, he sees continued outperformance.
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 $44.46 yesterday.
Analyst, Patrick McKeever, said, "We expect EPS of $0.55, up 22% y/y and in line with the Street mean and recently raised guidance. We’re modeling an operating margin of 11.1%, up 70 basis points from LY and incorporating a 40 bpt increase in gross margin and more than 30 bps of SG&A leverage, even with incremental spending on growth-related investments. We note that original guidance called for 2%-4% same-store sales growth and EPS of $0.47-$0.50."
McKeever said that despite the stock's 38% run-up this year and premium valuation, he sees continued outperformance.
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 $44.46 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gordon Haskett cuts TJX Companies rating to Accumulate
- The TJX Companies (TJX) PT Lowered to $188 at Barclays
- Cummins (CMI) PT Lowered to $675 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
