TJX Is a Reliable Off-Price Retailer, But for Investors, Is the Premium Too High?
Key takeaways
- TJX NVDA MSLH.L The TJX Companies (NYSE: TJX) has earned its reputation for providing value to both its customers and its long-term shareholders.
- In the first quarter, same-store (comp) sales rose 6%, driven by higher customer traffic and spending per visit.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
TJX NVDA MSLH.L The TJX Companies (NYSE: TJX) has earned its reputation for providing value to both its customers and its long-term shareholders. Yet with shares up 34% over the past year and the stock now trading at roughly 32 times this year s earnings estimates, the value proposition for investors may be fading.
Operationally, the business remains strong. In the first quarter, same-store (comp) sales rose 6%, driven by higher customer traffic and spending per visit. The balanced growth across TJ Maxx, Marshalls, and HomeGoods, which posted an impressive 9% comp, shows the company continues to attract a broad range of customers.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »