TJX Cos. (TJX) Reports 3Q EPS Beat; Wedbush Reiterates Outperform

Wedbush reiterated an Outperform rating and $80.00 price target on The TJX Companies (NYSE: TJX) following the company's 3Q16 earnings report. TJX reported EPS of $0.86, above consensus of $0.84. TJX numbers were generally viewed as a positive read across to ROST. The EPS upside, solid underlying merchandise margins and outperformance versus full price peers should be read positively.

Analyst Morry Brown commented, "TJX reported 3Q15 EPS of $0.86, in line with WS and above consensus of $0.84. The stock responded positively given strong results against a backdrop of retail earnings misses. We believe the long-term story remains intact and maintain our OUTPERFORM based on better fundamentals versus peers."

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 $68.18 yesterday.

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