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Is The TJX Companies (TJX) Outperforming Other Retail-Wholesale Stocks This Year?

Zacks Equity Research
Updated
WF vs. BEN: Which Stock Is the Better Value Option?

Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is The TJX Companies (TJX) one of those stocks right now? 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 one of 214 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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 1.40% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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Our latest available data shows that TJX has returned about 44.65% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of 17.52%. As we can see, The TJX Companies is performing better than its sector in the calendar year.

Looking more specifically, TJX belongs to the Retail - Discount Stores industry, a group that includes 11 individual stocks and currently sits at #92 in the Zacks Industry Rank. This group has gained an average of 26.07% so far this year, so TJX is performing better in this area.

TJX will likely be looking to continue its solid performance, so investors interested Retail-Wholesale stocks should continue to pay close attention to the company.


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