Cowen Raises Price target on TJX Cos. (TJX) Following 2Q EPS Beat
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The TJX Companies, Inc. Reports Above-Plan Q2 FY16 Results with 6% Comp Sales Growth and 7% Adjusted Earnings Per Share Increase; Raises Full Year Comp and EPS Guidance
August 18, 2015 8:34 AM EDTFRAMINGHAM, Mass.--(BUSINESS WIRE)-- The TJX Companies, Inc. (NYSE: TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced sales and earnings results for the second quarter ended August 1, 2015. Net sales for the second quarter of Fiscal 2016 increased 6% to $7.4 billion and consolidated comparable store sales increased 6% over last years 3% increase. Net income for the second quarter was $549 million and diluted earnings per share were $.80, a 7% increase over the prior years adjusted $.75, which excluded a $.02 per share debt extinguishment charge from reported earnings per share of... More
