#2 - TJX Companies (NYSE:TJX)
If you’re going to be a brick-and-mortar retailer you need a hook that makes your stores a sought-after destination. With that in mind, can I interest you in the TJX Companies (NYSE:TJX). The company has a treasure hunt model that continues to drive customers to their locations. TJX buys brand-name merchandise at a discount which allows it to pass along those discounts to the end consumer. In fact, while other retailers are closing stores, TJX is expanding its global footprint to 6,000 stores from approximately 4,500 today.
In terms of revenue, the company delivered $48.55 billion in the last fiscal year. That was a 51% year-over-year improvement. However, since most investors prefer that retail stocks show a comparison to 2019 numbers, TJX still posted a 16% revenue increase over 2019. Not to mention that in 2021, the company reinstated its dividend and just raised it in the last quarter.
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
- $121.25
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $129.47 (6.8% Upside)
