Buy, Sell or Hold: TJX Companies (TJX-N) — Stock Predictions at Stockchase

NYSE:TJX

63.86

0.78 (1.21%) 1d

Showing 1 to 15 of 38 entries

BUY

Allan Tong’s Discover Picks Reopening retail stocks have slid lately, so this a buying opportunity. TJX hit $73.78 on May 7 and now trades below $65. One caveat, though, is that TJX’s PE now stands at 52.7x, higher than the sector’s 32.5x. Attribute their PE to high growth expectations, but analysts foresee a forward PE of 22.94x. To be prudent, buy an initial position on a pullback, then see how TJX performs before buying a second tranche. Read 3 Retail Stocks to Buy Now: Ready, Set, Shop for our full analysis.

clothing stores

SELL

They have done stunningly well over the last 20 years but for a large company it gets increasingly difficult to grow at decent rates, so he is thinking of selling it.

clothing stores

BUY

They report Wednesday. TJX quietly makes money and this time shouldn't be different.

clothing stores

BUY

He read an excellent report today on TJX. He recommended selling this way too soon and he's now angry at himself. This will be a monster good stock in the spring reopening.

clothing stores

DON'T BUY

Covid could be a great long-term opportunity for TJX, because they buy clothes and other products from distressed merchants, but short-term he doesn't see many customers, because they don't sell essential, must-have items during this pandemic. He expects a disappointing quarter. They report next week.

clothing stores

PARTIAL SELL

He questions how good it is, because it's a retail store. Has good inventory. Doesn't scream higher. He sold some of his shares.

clothing stores

COMMENT

It has a poor online presence and has the wrong inventory. Its footprint isn't designed for social distancing whereas Costco aisles are so wide you can drive car down them. The stock has been bouncing, helped by getting inventory from dying retailers. This will be in great shape once the pandemic is under control and people can safely shop again. Up 2.5% today on hopeful vaccine news. so the market is impatient.

clothing stores

DON'T BUY

TJX-N are stores that were doing amazing business prior to the pandemic. It is hard to imagining how they will come back.

clothing stores

PAST TOP PICK

(A Top Pick Feb 28/19, Up 19%) Relatively defensive retail name. Nimble, agile, able to respond to fashion and the economy. Amazing earnings report yesterday. Earnings above estimates. Hiked dividend. Announced a buyback. Raised guidance.

clothing stores

PAST TOP PICK

(A Top Pick Jan 07/20, Up 4%) It has been on a tear. They get a lot of their product from companies going out of business. This has been a strong seasonal trade over the years.

clothing stores

TOP PICK

Jan. 23 to March 31 is seasonality. People have been down on retail for so long because of the Amazon effect. But TJX sources its merchandise from ailing brick-and-mortar stores to sell at wide margins. TJX has done well. January to March seasonality has been strong in recent years. Chart looks good, so seasonality is likely to repeat. (Analysts’ price target is $65.15)

clothing stores

PAST TOP PICK

(A Top Pick Apr 12/18, Up 34%) Their ability to be very nimble, to change inventory quickly helps the bottom line. In an economy that could slow down, you want to own a company like this. They are expanding internationally also. People like shopping at Winners.

clothing stores

PAST TOP PICK

(A Top Pick Jan 14/19, Up 12%) TJX runs the Winners discount clothing stores--in recessions people shop at downmarket chains like this. Late-January to end-March is their seasonality and it outperformed this year.

clothing stores

BUY

TJX is best in breed and they'll always have an offering that isn't online and is offered in shops. They turn their inventory weekly. There's always a new deal. A great model. Free cash flow is strong and has really competent management. Note that retail tends not to be good late-cycle, but TJX has great numbers. It's hard to not like them, but definitely this is defensive.

clothing stores

TOP PICK

Basically Marshalls, Winners and Home Senses. 4,000 stores. They are very nimble. Traffic is very strong. If the economy goes south they can change what they are doing. They just announced a $1.5 billion share buy back. It continues to rock and roll. Great stock for the defensive growth investor. (Analysts’ price target is $55.72)

clothing stores

Showing 1 to 15 of 38 entries

TJX Companies(TJX-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 6

Stockchase rating for TJX Companies is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

TJX Companies(TJX-N) Frequently Asked Questions

What is TJX Companies stock symbol?

TJX Companies is a American stock, trading under the symbol TJX-N on the New York Stock Exchange (TJX). It is usually referred to as NYSE:TJX or TJX-N

Is TJX Companies a buy or a sell?

In the last year, 6 stock analysts published opinions about TJX-N. 3 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for TJX Companies.

Is TJX Companies a good investment or a top pick?

TJX Companies was recommended as a Top Pick by on . Read the latest stock experts ratings for TJX Companies.

Why is TJX Companies stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is TJX Companies worth watching?

6 stock analysts on Stockchase covered TJX Companies In the last year. It is a trending stock that is worth watching.

What is TJX Companies stock price?

On 2021-10-19, TJX Companies (TJX-N) stock closed at a price of $63.86.

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