NEW YORK (TheStreet) -- TJX Companies (TJX) stock is moving lower Tuesday after first-quarter revenue and earnings missed analysts' estimates.
By market open, shares had dropped 5.9% to $54.95.
Over its April-ending quarter, the company earned 64 cents a share, 3 cents less than analysts surveyed by Thomson Reuters expected. Revenue of $6.49 billion, though 4.8% higher year over year, missed estimates of $6.59 billion.
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TheStreet Ratings team rates TJX COMPANIES INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate TJX COMPANIES INC (TJX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."
- You can view the full analysis from the report here: TJX Ratings Report