Topic: How To Invest

Power Growth Investor Hotline – Friday, May 9, 2025

Article Excerpt

THE TJX COMPANIES, $128.10, is still a buy. The business (symbol TJX on New York) is a leading off-price retailer of clothing, accessories and home fashions. Off-price retailers purchase merchandise at below-wholesale prices and charge less than retail prices. The stock continues to hit all-time highs for our subscribers. Through their shares, investors tap a network of stores. In the U.S., TJX operates 1,333 T.J. Maxx locations, 1,230 Marshalls, 943 HomeGoods, 117 Sierra Trading Post outlets and 72 HomeSense locations. In Canada, it has 307 Winners outlets, 160 HomeSense locations and 109 Marshalls stores. TJX also operates in Europe, with 655 TK Maxx and 75 Homesense stores; and in Australia, with 84 TK Maxx outlets. Overall revenue in the quarter ended February 1, 2025, fell 0.4%, to $16.35 billion from $16.41 billion a year earlier. However, the year-ago quarter included an extra week. Comparable same-store sales increased 5.0%. Excluding the extra week, from a year ago, TJX made $1.23 a share, up 9.8%…