TJX Companies, Inc. (NYSE:TJX) shares are trading higher on Wednesday.
The company reported second-quarter earnings per share of $1.10, beating the analyst consensus estimate of $1.01.
Quarterly sales of $14.40 billion (+7% year over year) outpaced the Street view of $14.13 billion.
Following the results, Telsey Advisory Group analyst Dana Telsey reiterated the Outperform rating on the stock, maintaining the price forecast of $150.
TJX Companies reported second-quarter consolidated comparable sales growth of 4%, exceeding its plan.
“Longer term, we are convinced that we have a long runway ahead to capture additional market share …