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Strategies & Market Trends : Young and Older Folk Portfolio
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From: chowder3/9/2022 8:13:55 PM
2 Recommendations

Recommended By
red cardinal
Top Of The World Ma

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I am in the process of building a position in TJX.

Is The Dip in TJX Stock a Buy Opportunity?

The TJX Cos., Inc. ( NYSE: TJX) reported Q4 earnings that fell 13% short of the Street’s $0.90 estimate and missed on revenue as well. Its stock plunged to a 52-week low of around $60.

After having advanced for an incredible 13 straight years, the operator of T.J. Maxx, Marshalls, HomeGoods and other retail brands is in jeopardy of seeing its stock finish in the red for the first time since 2008. It’s early, but TJX will have to dig itself out of an 18% hole to keep its industry-leading streak alive.

The bar will once again be set high as this year’s quarterly results roll in. This is something where the apparel and home products retailer is accustomed to having repeatedly topped analyst expectations—and after growing sales more than 50% to $48.5 billion last year.

Management refrained from offering guidance for this year due to the uncertainty around high inflation. Ongoing supply chain disruptions are also making it difficult to predict inventory levels and the company’s ability to meet demand.

What is easier to predict is that underlying demand for TJX’s popular retail outlets will remain strong. Supported by higher wages and unfazed by higher prices, consumers have shown a willingness to pay a bit more for clothing, footwear, jewelry, and home furnishings.

At a time when brick-and-mortar retailers are battling the 5,000-pound gorilla that is Amazon, TJX is performing remarkably well. Bargain-minded shoppers love getting their hands on brand-named merchandise for less and will keep flocking to TJX stores to get the most bang for their buck. Buying the stock during this rare moment of weakness should prove to be a bargain of its own.

marketbeat.com
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