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TJX Companies Inc. (TJX) Climbed To A New High After Guidance Increase

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TJX Companies Inc. (TJX: Quote) reported a 10% increase in comparable store sales for the five-week period ended March 31, 2012. The company also increased its first quarter EPS forecast to between $0.51 and $0.52, from previous expectations of $0.45 to $0.47. TJX expects to report full year 2013 EPS of $2.25 to $2.35. The consensus estimates are for EPS of $0.48 and $2.32 respectively.

TJX Companies gapped open higher Thursday and rose during the first hour of trade, before settling into a range. Shares finished up by 0.93 at $40.29 on above average volume. The stock has been climbing since mid-February and set a new high for the year.

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by RTT Staff Writer

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