Benzinga - by Lisa Levin, Benzinga Editor.
TJX Companies Inc (NYSE: TJX) issued weak profit forecast for the fourth quarter.
TJX reported third-quarter FY24 sales growth of 9% year-on-year to $13.3 billion, beating the analyst consensus estimate of $13.08 billion. EPS of $1.03 beat the consensus estimate of $0.99.
For the fourth quarter, TJX said it now sees adjusted EPS between 97 cents and $1, down from its earlier forecast of between $1 and $1.03.
TJX shares fell 1.8% to trade at $87.78 on Thursday.
These analysts made changes to their price targets on TJX following earnings announcement.
- Telsey Advisory Group raised the price target on TJX from $100 to $105. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating.
- Morgan Stanley increased the price target on TJX from $99 to $101. Morgan Stanley analyst Alexandra Steiger maintained an Overweight rating.
Check This Out: Top 4 Financial Stocks You'll Regret Missing This Month
Latest Ratings for TJX
Feb 2022 | Morgan Stanley | Maintains | Overweight | |
Feb 2022 | Credit Suisse | Maintains | Outperform | |
Feb 2022 | Deutsche Bank | Maintains | Buy |
View the Latest Analyst Ratings
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.