The TJX Companies’ Estimates Lowered at Goldman Sachs (TJX)

Discount clothing and home goods retailer The TJX Companies, Inc. ( TJX ) saw its earnings estimate lowered through 2012 on Tuesday by analysts at Goldman Sachs. The firm said that TJX is being hurt by the weakening British Pound, as well as the Euro. Goldman maintained its “Buy” rating on the stock, however. The TJX Companies shares were mostly flat in premarket trading Tuesday. The Bottom Line The company has a 1.31% dividend yield, based on last night’s closing stock price of $45.76. The stock has technical support in the $40 price area. If the shares can firm up, we see overhead resistance around the all-time high levels of $48.50. We would remain on the sidelines for now. The TJX Companies, Inc. ( TJX ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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The TJX Companies’ Estimates Lowered at Goldman Sachs (TJX)

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