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TJX Stock Down Ahead of Q1 Earnings Release

NEW YORK (TheStreet) -- TJX (TJX - Get Report) stock is declining 1.67% to $73.04 on heavy trading volume on Friday afternoon as the retail sector is pressured by weak quarterly results from Nordstrom (JWN) and J.C. Penney (JCP).

TJX, the Framingham, MA-based parent company of T.J. Maxx, HomeGoods and Marshalls, is set to deliver its own financial update with the release of its fiscal 2017 first quarter report on Tuesday before the market open.

Analysts have estimated earnings of 71 cents per share, up from 69 cents per share for the fiscal 2016 first...


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