TJX Cos. (TJX) Tops Q4 EPS by 5c; Approves Stock Buyback Up to $2B
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February 24, 2016 11:10 AM EST
Cowen reiterated an Outperform rating and $75.00 price target on The TJX Companies (NYSE: TJX) following the company's 4Q earnings report. TJX delivered a solid 5c EPS beat vs. the Street's $0.94 estimate, driven by better-than-expected sales, and better-than-anticipated gross margin. Comps came in better-than-expected at +6% vs.... More
February 24, 2016 9:57 AM EST
Stifel affirms its Buy rating and $85 price target on The TJX Cos. (NYSE: TJX) following Q4 results issued earlier.
Ahead of the opening bell, TJX posted Q4 EPS of $0.99, topping Stifel's estimate by 5 cents. TJX's Q1 and FY17 outlook were below expectations, but Stifel... More
February 23, 2016 5:13 PM EST
By Sruthi Ramakrishnan
(Reuters) - Macy's Inc (NYSE: M) plans to open Backstage off-price stores within some existing Macy's, betting that the benefit of bringing new customers into stores outweighs the risk of diluting the company brand and undercutting sales of full-price items.
Macy's on Tuesday reported a drop in quarterly sales that was less than feared and said it plans to open Backstage stores within 15 Macy's this year. It will add one more standalone Backstage store this year to the five it has opened since September.
Macy's Chief Financial... More
