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.

Analyst Comments Analyst EPS Change Analyst EPS View

TJX Cos. (TJX) Reports Positive GM Results Despite FX and Increased Costs; Cowen Reiterates Outperform November 17, 2015 5:00 PM TJX Companies (TJX) Bullish Stance Reiterated at Stifel Followign Solid Q3November 17, 2015 2:11 PM T.J.Maxx, Marshalls and HomeGoods Holiday Campaign - Bring Back the Holidays - Imagines a World Where the Holidays Are About People AgainNovember 17, 2015 12:03 PM TJX raises same-store sales forecast as shoppers hunt for dealsNovember 17, 2015 10:45 AM Stifel Bullish on Holiday Shopping Season Prospects for TJX Cos. (TJX); Reaffirms at 'Buy'November 17, 2015 10:10 AM The TJX Companies, Inc. Reports above-Plan Q3 FY16 Results with 5% Comp Sales Growth and Earnings Per Share of $.86November 17, 2015 8:35 AM UPDATE: TJX Cos. (TJX) Tops Q3 EPS by 2c; Comps OutpaceNovember 17, 2015 8:31 AM