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

NYSE:TJX

65.09

0.71 (1.08%) 1d

Showing 1 to 15 of 45 entries

WAIT

Well managed. Be careful of timing. Trading at 20x earnings, which is a bit rich for the growth metrics. Are they going to be as popular once we come out of a recession? Consumers will probably gravitate to the higher-end brands.

clothing stores

PARTIAL SELL

He doesn't own much of this anymore, because their return on assets started to collapse.

clothing stores

BUY

Consumers are not buying household goods anymore, but experiences. So, there's an excess of inventory. Therefore, the excess retailers are the place to be, including Ollie's Bargain Outlet and TJX. These off-price chains are in a great position to pick up inventory. However, TJX just reported a weak report--disappointing sales, US same-store sales down 5%, dragged down by home goods. However, earnings beat slightly. Then again, they cut their full-year and earnings forecast. He likes TJX a lot, and now it's an opportunity. The conference call was encouraging. Even after this decline, this sells at only 22x earnings. They can add inventory now and make a killing at Christmastime.

clothing stores

BUY

Wait until they report on Wednesday, then do some buying. They make out like a bandit only when normal retailers need to dump their excess inventory which is happening now.

clothing stores

DON'T BUY

Likes it, but they have a lot of European exposure, so it's not as trustworthy as it used to be.

clothing stores

BUY

Ross and TJX benefit from oversupply in retail, and we've seen oversupply in many retail names.

clothing stores

WATCH

She's surprised that TJX's numbers (and retail) are up. After all, you have to go to their stores to spend; they don't have much e-retailing. She's looking at this as well as luxury clothing retailing. Louis Vuitton is down 25% since the start of February probably because people feel less wealthy than they were. She suspects this feeling extends to the lowest-end customer, too. Retail stocks should be cheap, but those with good balance sheets will be fine.

clothing stores

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

Showing 1 to 15 of 45 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 : 2

Total Signals / Votes : 5

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, 5 stock analysts published opinions about TJX-N. 3 analysts recommended to BUY the stock. 2 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?

5 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 2022-10-06, TJX Companies (TJX-N) stock closed at a price of $65.09.

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