Revenue Update on TJX Companies Inc(NYSE:TJX)

TJX Companies Inc(NYSE:TJX) announced the earnings results for Fiscal Year 2017 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $9.468B. Analysts estimated a revenue of $9.450B. The revenues were 0.19% above the estimates. Earnings per share were $1.03. The reported EPS was above estimates by 6.19%. Analysts had estimated an EPS of $0.97.

In a different note, Susquehanna said it Initiates Coverage On TJX Companies Inc, according to a research note issued on Feb 10, 2017. In the research note, the firm Announces the price-target to $92 per share. The shares have been rated ‘Positive’ by the firm.

TJX Companies Inc (TJX) made into the market gainers list on Wednesdays trading session with the shares advancing 0.14% or 0.11 points. Due to strong positive momentum, the stock ended at $76.35, which is also near the day’s high of $77.7. The stock began the session at $77.08 and the volume stood at 91,35,297 shares. The 52-week high of the shares is $83.64 and the 52 week low is $71.5. The company has a current market capitalization of $49,773 M and it has 65,19,00,740 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 23, 2016, Kenneth Canestrari (SEVP – Group President) sold 6,701 shares at $79.56 per share price.Also, On Jun 16, 2016, Jose B Alvarez (director) sold 1,158 shares at $76.51 per share price.On Jun 2, 2016, Carol Meyrowitz (Executive Chairman) sold 64,160 shares at $76.56 per share price, according to the Form-4 filing with the securities and exchange commission.

The TJX Companies Inc. (TJX) is an off-price apparel and home fashions. The Company operates through four segments: Marmaxx HomeGoods TJX Canada and TJX Europe. The Marmaxx and HomeGoods business offers family apparel home fashions accent furniture lamps rugs wall decor decorative accessories and giftware and other merchandise. The TJX Canada offers jewelry and home fashions. TJX Europe operates the T.K. Maxx and HomeSense chains in Europe. The Company operates approximately 3461 stores in countries including the United States Canada the United Kingdom Ireland Germany Poland Austria and Australia.

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