#5 - TJX Companies (NYSE:TJX)
TJX Companies (NYSE: TJX) is most noted for the treasure hunt aspect of its signature TJMaxx stores. However, investors didn’t have to do much hunting to find great results in the company’s quarterly earnings. The company was lauded for taking a strong capital position into the pandemic, and that is serving them well as stores are reopening.
Adjusted earnings per share came in at 79 cents which is a 27% increase from the same quarter in 2019. And TJX Companies also was careful in their earnings report to give analysts a more accurate sales measure called open-only comp-store sales. This category, which the company notes is only temporary, reports sales increases or decreases in stores for the days they were operational in the second quarter compared with the same days in 2019 before the pandemic. The company reported a 20% increase in this measure.
Already five analysts have boosted their price target for TJX stock. And each analyst has given the company a price target above the current consensus price target.
About TJX Companies
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.
Read More - Current Price
- $108.50
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 16 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $110.37 (1.7% Upside)
