TJX Companies’ May Comps Jump 8% (TJX)

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Discount apparel and home goods retailer The TJX Companies, Inc. ( TJX ) on Thursday posted better-than-expected May same-store sales figures.

TJX, which operates the TJ Maxx, HomeGoods, and Marshalls chains, posted an 8% gain in May same-store sales. Same-store sales ( SSS ) 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 trading Thursday.

The Bottom Line
Shares of TJX Companies ( TJX ) 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. ( TJX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: SSS , TJX

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