TJX Companies (NYSE: TJX) is scheduled to report earnings before market open Wednesday. Up 0.20 after-hours, TJX rallied 0.31 in Monday’s regular session.
So far, 2014 has been a mixed bag for retailers: TJX is down less than 5% in 2014; Kohl’s (KSS) is off nearly 9%; Coach (COH) down over 14%; Jos. A Bank is up 10%; Tiffany (TIF) off 2%; Macy’s (M) down 1%; Nordstrom (JWN) is down just over 5 percent.
TJX (60.39) has traded in a 52-week range of 43.43-64.38, having it its all-time high in early January. After an underwhelming holiday season expectations for retail weak in Q1, with sector analysts expecting competition from online sellers with a lower cost basis (AMZN, EBAY) to have an impact.
Historically, TJX is not a big mover on the earnings catalyst, with shares shifting an average of 2.8% over 8 quarters. The stock has not moved down on an earnings announcement since February 2012, having gone up 7 of 8 quarters.
TJX opened Tuesday’s session up 0.30.
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