Discount apparel and home goods retailer The TJX Companies, Inc.
) on Thursday posted better-than-expected May same-store sales
TJX, which operates the TJ Maxx, HomeGoods, and Marshalls
chains, posted an 8% gain in May same-store sales. Same-store sales
) are a key metric used to measure a retailer's health, since they
track only the performance of stores open at least one year.
The Framingham, MA-based company also said it expects second
quarter earnings to come in at the high end of its
previously-announced 47 to 50 cent range. Wall Street analysts are
looking for 51 cents per share for the quarter.
The TJX Companies shares posted modest gains in premarket
The Bottom Line
Shares of TJX Companies (
) have a 1.11% dividend yield, based on last night's closing stock
price of $41.33. The stock has technical support in the $38 price
area. The stock is trading near all-time highs.
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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