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The week in preview: More retail earnings: Gap, Home Depot, Sears, Target ... |
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| Nov 15, 2009 05:30 PM UTC |
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Via BloggingStocks:
Filed under: Earnings reports, Forecasts, Home Depot (HD), Target Corp. (TGT), Sears Holdings (SHLD), Gap Inc (GPS)
TJX Companies Inc. (TJX), which operates T.J. Maxx and Marshalls stores in the U.S., settled a class-action suit, announced share buybacks, and raised its guidance in the third quarter. For the three months that ended in October, analysts surveyed by Thomson Reuters expect TJX to report earnings of $0.80 per share, up from $0.57 in the same period of last year. Revenue is expected to total $5.3 billion, or 10.2% higher than a year ago. So far, the full-year forecast is for a profit of $2.59 per share (+22.3%) on $20.0 billion (+5.5%) in sales. This dividend payer's earnings have met or beat consensus estimates in the past five quarters. The long-term EPS growth forecast is 13.0%, which is better than the sector average, and its earnings multiple is 14x. TJX had more cash on hand than long-term debt at last report, and its net cash flow from operations has grown in recent quarters. The First Call consensus recommendation has been to buy TJX for more than 90 days, and the mean price target is $44.07. Analysts see TJX doing well in the upcoming holiday season. Shares have pulled back from a recent multi-year high of $40.64 and closed Friday at $38.98, which is 10.2% higher than three months ago. Continue reading The week in preview: More retail earnings: Gap, Home Depot, Sears, Target ... The week in preview: More retail earnings: Gap, Home Depot, Sears, Target ... originally appeared on BloggingStocks on Sun, 15 Nov 2009 12:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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