For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has The TJX Companies (TJX) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
The TJX Companies is one of 225 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. TJX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for TJX's full-year earnings has moved 0.03% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, TJX has returned 20.34% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 16.54% on average. This shows that The TJX Companies is outperforming its peers so far this year.
Breaking things down more, TJX is a member of the Retail - Discount Stores industry, which includes 10 individual companies and currently sits at #106 in the Zacks Industry Rank. This group has gained an average of 17.74% so far this year, so TJX is performing better in this area.
Investors with an interest in Retail-Wholesale stocks should continue to track TJX. The stock will be looking to continue its solid performance.
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