TJX Cos. (TJX) Tops Q4 EPS by 5c; Approves Stock Buyback Up to $2B
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Cowen Reiterates Outperform on TJX Cos. (TJX) Following Strong 4Q Showing
February 24, 2016 11:10 AM ESTCowen 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
Outlook Appears Solid for TJX Cos. (TJX); Stifel Reaffirms at 'Buy' Following Q4 Report
February 24, 2016 9:57 AM ESTStifel 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
Macy's bets off-price stores within stores will drive traffic
February 23, 2016 5:13 PM ESTBy 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
