MKM analysts reported on Wednesday, that they see fashion
retailer, The TJX Companies, Inc.(
) continuing with their recent strong performance.
The firm currently has a rating of a "Buy" with a price target
of $50 for the company. This price target suggest 16.3% increase
over the stock's current price of $41.84.
Analyst Patrick McKeever, commented "while we can't argue with
taking some profits in TJX here with its 30% YTD run and the
step-up in comparisons that begins in December and will continue
through much of FY13, we continue to believe the company is among
the best-positioned retailers and view the stock as a core
The company's share increased this week after TJX reported
strong third quarter results. Analysts see TJX continuing with its
strong earnings, increased traffic, and margin expansion.
TJX Companies shares were mostly flat Wednesday afternoon. The
stock is up 30% YTD.
The Bottom Line
Shares of TJX Companies (
) have a 1.09% dividend yield, based on last night's closing stock
price of $42.06. The stock has technical support in the $27-$28
price area. If the shares can firm up, we see overhead resistance
around the $31-$32 price levels.
The TJX Companies, Inc.(
)is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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