Analysts expect this off-price retailer to grow by triple-digits over the next five years.
The TJX Companies, Inc. (TJX)
From AlphaProfit Sector Investors’ Newsletter
Shares of The TJX Companies have sold off as part of the retailer group, weighed by concerns of COVID-related factory shutdowns in Asia disrupting supply chains and pressuring profit margins. With a strong balance sheet mitigating risks, the decline in this off-price apparel & home fashions retailer’s shares is a buying opportunity.
TJX is poised to gain market share and solidify its bargaining power with suppliers as other retailers close stores and consumer appetite for TJX’s offering grows.
TJX shares appeal to growth investors. They trade at 19.8X-forward EPS versus prospects for 30% EPS growth in 12 months. (Next earnings: ~ Nov. 16)
Sam Subramanian, PhD, AlphaProfit Sector Investors’ Newsletter, alphaprofit.com, 281-565-6963, October 2021