Stifel Keeps TJX Cos. (TJX) at 'Buy' Following Solid Q1 Results, Boosted Outlook

TJX Companies (TJX): Traffic Momentum & Inventory to Sustain Share Gains - UBS

May 18, 2016 8:15 AM EDT

UBS analyst, Michael Binetti, believes TJX Companies (NYSE: TJX) is benefiting from department store pain and the benefits will continue throughout the year due to strong inventories of advantage priced goods. No change to Buy rating or $85 PT.

TJX reported $0.76 in 1Q (ahead of the Street's $0.71) based on +7%... More

TJX Cos. (TJX) Tops Q1 EPS by 5c; Boosts FY16 EPS Outlook

May 17, 2016 8:33 AM EDT

(Updated - May 17, 2016 8:41 AM EDT)

TJX Cos. (NYSE: TJX) reported Q1 EPS of $0.76, $0.05 better than the analyst estimate of $0.71. Revenue for the quarter came in at $7.54 billion versus the consensus estimate of $7.29 billion.

Comps rose 7%, versus a 3.4% gain expected.

Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, It is great to start 2016 with such a strong quarter! Our momentum continued with a consolidated comparable store sales increase of 7% over 5% growth last year, and earnings per share increased 10%. We are particularly pleased with our very strong customer... More

Wall Street sells off amid Fed rate hike jitters

May 17, 2016 7:31 AM EDT

By Lewis Krauskopf

(Reuters) - Wall Street sold off on Tuesday as investors boosted their bets on the Federal Reserve raising rates later this year, while Home Depot dragged on indexes following its quarterly report.

U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose. The data pointed to a steady inflation build-up that could give the Fed ammunition to raise interest rates later this year.

Also on Tuesday, a Fed policymaker said he will push for an interest rate hike in June or July,... More