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 - Free Report) 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 a member of our Retail-Wholesale group, which includes 155 different companies and currently sits at #2 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 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 1.61% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TJX has returned 45.70% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 10.25% on a year-to-date basis. This means that The TJX Companies is outperforming the sector as a whole this year.
To break things down more, TJX belongs to the Retail - Discount Stores industry, a group that includes 3 individual companies and currently sits at #21 in the Zacks Industry Rank. On average, this group has gained an average of 22.38% so far this year, meaning that TJX is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to TJX as it looks to continue its solid performance.