#4 - The TJX Companies (NYSE:TJX)
The TJX Companies (NYSE:TJX) recently reported stellar earnings but the stock is dropping as investors are concerned about store closures in Europe and Canada. The company reported that those closures resulted in a loss of $1.1 billion in sales on the top line and an impact between 21 cents and 24 cents on the bottom line.
TJX is the parent brand of several off-price apparel and home fashion brands including T.J. Maxx, Marshalls, and HomeGoods. The company is planning to open 122 new stores in 2021 and it may have some success since its stores are not tied to mall locations.
Prior to the release of its earnings report, TJX stock was up approximately 45% in the last 12 months and was approaching its 52-week high. With the stock dropping after the report, investors may want to use this opportunity to grab the stock at a discount. The company does pay a modest dividend that it increased by three cents at the end of 2020.
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
- $121.47
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $129.47 (6.6% Upside)
