Yahoo Finance Is The TJX Companies (TJX) Outperforming Other Retail-Wholesale Stocks This Year?
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is The TJX Companies (TJX) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
The TJX Companies is one of 228 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #3 within 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 4.49% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, TJX has moved about 22.47% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 1%. This means that The TJX Companies is performing better than its sector in terms of year-to-date returns.
To break things down more, TJX belongs to the Retail - Discount Stores industry, a group that includes 10 individual companies and currently sits at #31 in the Zacks Industry Rank. On average, this group has gained an average of 11.94% so far this year, meaning that TJX is performing better in terms of year-to-date returns.
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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