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Is The TJX Companies (TJX) Stock Outpacing Its Retail-Wholesale Peers This Year?

Zacks Equity Research

Investors focused on the Retail-Wholesale space have likely heard of The TJX Companies (TJX), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.

The TJX Companies is a member of our Retail-Wholesale group, which includes 224 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track 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 0.02% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, TJX has moved about 35.54% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 21.15% on a year-to-date basis. This means that The TJX Companies is outperforming the sector as a whole 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 #8 in the Zacks Industry Rank. This group has gained an average of 44.73% so far this year, so TJX is slightly underperforming its industry in this area.

Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to TJX as it looks to continue its solid performance.


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