Filed under: Good news, Target Corp. (TGT), Kohl’s Corp (KSS), Technical Analysis, Stocks to Buy

The TJX Companies (NYSE: TJX) is a leading off-price retailer of apparel and home fashions in North America and Europe. The firm sells family apparel, accessories, shoes, giftware, jewelry and home furnishings through nearly 2,100 stores in the United States (T.J. Maxx, Marshalls, HomeGoods, A.J. Wright, Bob’s Stores), over 250 outlets in Canada (Winners, HomeSense), and 226 T.K. Maxx stores in the United Kingdom and Ireland. Target (NYSE: TGT), Kohl’s (NYSE: KSS) and Ross Stores (NASDAQ: ROST) are major competitors.

The company pleased investors last week, when it reported a December same-store sales increase of three percent (y/y) and issued upside guidance for the fourth quarter. Management now sees Q4 EPS of 60-63 cents, versus previous guidance of 58-60 cents and Street consensus of 59 cents. The CEO attributed success to disciplined inventory management and expense control. Analysts also pointed to the tendency of consumers to move to discount-oriented chains in a declining economy.

Continue reading The TJX Companies: Share price defines bullish chart formation

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This entry was posted on Friday, January 18th, 2008 at 4:01 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.