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Is The TJX Companies (TJX) Outperforming Other Retail-Wholesale Stocks This Year?
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Investors focused on the Retail-Wholesale space have likely heard of The TJX Companies (TJX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 214 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 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).
Within the past quarter, the Zacks Consensus Estimate for TJX's full-year earnings has moved 0.96% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, TJX has moved about 32.94% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 16.60% on average. 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 #47 in the Zacks Industry Rank. On average, this group has gained an average of 21.10% 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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Is The TJX Companies (TJX) Outperforming Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of The TJX Companies (TJX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 214 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 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).
Within the past quarter, the Zacks Consensus Estimate for TJX's full-year earnings has moved 0.96% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, TJX has moved about 32.94% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 16.60% on average. 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 #47 in the Zacks Industry Rank. On average, this group has gained an average of 21.10% 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.