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Fly News Breaks for September 17, 2019
Sep 17, 2019 | 05:42 EDT
UBS analyst Jay Sole upgraded TJX to Neutral from Sell and raised his price target for the shares to $58 from $41. Tariffs will likely drive incremental market share gains for the company, while UBS Evidence Lab market research shows consumers continue to prioritize TJX's value-for-money offering over other retailers' strategies, Sole tells investors in a research note. The analyst, who raised his fiscal 2019 and 2020 earnings by estimates 3% and 12%, respectively, believes share gains will likely mean that TJX should be able to maintain its premium valuation.
News For TJX From the Last 2 Days
Feb 26, 2020 | 12:24 EDT
Stocks were bouncing back and had held their gains through the morning, which had been a change compared to yesterday when the CDC's warnings about its expectations for the coronavirus to spread in the U. S... To see the rest of the story go to See Story Here
Feb 26, 2020 | 11:19 EST
Sees gross profit margin 28.3%-28.4%. Sees SG&A as a percentage of sales 18%-18.1%. Sees tax rate of 25.5%, net interest expense about $16M.
Feb 26, 2020 | 11:04 EST
Says does not operate stores in China and other countries dealing with the coronavirus outbreak.
Feb 26, 2020 | 09:09 EST
HIGHER: Alpha Pro Tech (APT), up 2% after reporting Q4 earnings and announcing as a result of a surge in customer demand resulting from the outbreak of Covid-19, overall gross margin is expected to be higher than normal in the Q1 and potentially for the rest of the year... Beyond Meat (BYND), up 5% after Starbucks (SBUX) announced that beginning March 3, the company will introduce a new Beyond Meat cheddar and egg Sandwich to its Canadian stores. UP AFTER EARNINGS: TJX (TJX), up 7%... (CARS), up 4%... Endo (ENDP), up 4%... Office Depot (ODP), up 5%... Moderna (MRNA), up 13%. DOWN AFTER EARNINGS: Wendy's (WEN), down 2%... Fossil (FOSL), down 20%... Weibo (WB), down 7%. ALSO LOWER: Tesla (TSLA), down 2% after CNBC reported NTSB chairman Robert Sumwalt criticized Tesla at a hearing on a crash involving a Tesla Model X in autopilot mode. The Nikkei also has reported that Tesla and Panasonic (PCRFY) have decided to end their partnership in producing solar cells after years of struggling to ramp up output at the Gigafactory 2 in upstate New York... Disney (DIS), down 1% after announcing CEO Bob Iger will transition to executive chairman and Bob Chapek will be named new CEO.
Feb 25, 2020 | 14:05 EST
Notable companies reporting before tomorrow's open, with earnings consensus, include Lowe's (LOW), consensus 91c... TJX Companies (TJX), consensus 77c... Wendy's (WEN), consensus 8c... SeaWorld (SEAS), consensus 2c... Papa John's (PZZA), consensus 32c... AMC Networks (AMCX), consensus $1.78... (CARS), consensus 37c.