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

Home Daily Stock Opinions and Ratings TJX Companies (TJX-N)

NYSE:TJX

80.52

0.13 (0.16%) 1d

BUY

They bought a lot of excess inventory this year, and he expects more buying because some retailers won't survive. Because their prices are so low, this will be a winner in 2023 as consumers trade down during the slowdown.

clothing stores

BUY

TJX and Dollar General are the names you need to look at in retail now, though the market has been anti-retail. PE's may be high, but they benefit from the economic environment.

clothing stores

BUY

They reported a strong quarter and confident forecast today. They offer hand-me-down merchandise from other retailers. Ideal in inflationary times when consumers are trading down.

clothing stores

TOP PICK

Believes company will preform well regardless of recession. Middle income customs will shop at discounted retailers. Increase in foot traffic likely during a recession. Lower cost of goods as high end retail sells slow inventory to company.

clothing stores

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

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TJX Companies(TJX-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 8

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, 8 stock analysts published opinions about TJX-N. 6 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?

8 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 2023-02-03, TJX Companies (TJX-N) stock closed at a price of $80.52.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

TJX Companies (TJX-N)

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TJX Companies(TJX-N) Rating

TJX Companies(TJX-N) Frequently Asked Questions

What is TJX Companies stock symbol?

Is TJX Companies a buy or a sell?

Is TJX Companies a good investment or a top pick?

Why is TJX Companies stock dropping?

Is TJX Companies worth watching?

What is TJX Companies stock price?

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TJX Companies (TJX-N)

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TJX Companies(TJX-N)

TJX Companies(TJX-N)

TJX Companies(TJX-N) Rating

TJX Companies(TJX-N) Frequently Asked Questions

What is TJX Companies stock symbol?

Is TJX Companies a buy or a sell?

Is TJX Companies a good investment or a top pick?

Why is TJX Companies stock dropping?

Is TJX Companies worth watching?

What is TJX Companies stock price?

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Stockchase Insights

Jim Cramer - Mad Money

Jordan Zinberg

Ryan Bushell

The Panic-Proof Portfolio (Stockchase Research)