NEW YORK (TheStreet) -- Shares of TJX Companies Inc (TJX) finished Monday's regular trading session up 1.99% to $67.26, one day ahead of the discount apparel retailer's first quarter fiscal 2016 earnings release, before the market opens Tuesday.
For the first quarter, TJX is projected to report a profit of 66 cents per share on revenue of $6.79 billion, according to analysts surveyed by Thomson Reuters.
In the same quarter of last year, the company earned 64 cents per share on revenue of $6.49 billion.
Framingham, Mass.-based TJX Cos. is an off-price apparel and home fashions retailer operating stores including TJ Maxx, Marshalls, and Homegoods.
The company has more than 3,200 stores that offer a changing assortment of brand name and designer merchandise.
TJX price about 20% to 60% below department and specialty store regular prices on comparable merchandise.
Separately, 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 increase in stock price during the past year, growth in earnings per share, revenue growth, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins."