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Is The TJX Companies (TJX) Stock Outpacing Its Retail-Wholesale Peers This Year?
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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies 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 one of 224 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #11 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).
Over the past 90 days, the Zacks Consensus Estimate for TJX's full-year earnings has moved 0.64% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, TJX has gained about 15.38% so far this year. In comparison, Retail-Wholesale companies have returned an average of 11.63%. This shows that The TJX Companies is outperforming its peers so far this year.
Breaking things down more, TJX is a member of the Retail - Discount Stores industry, which includes 10 individual companies and currently sits at #23 in the Zacks Industry Rank. This group has gained an average of 17.12% so far this year, so TJX is slightly underperforming its industry in this area.
TJX will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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Is The TJX Companies (TJX) Stock Outpacing Its Retail-Wholesale Peers This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies 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 one of 224 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #11 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).
Over the past 90 days, the Zacks Consensus Estimate for TJX's full-year earnings has moved 0.64% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, TJX has gained about 15.38% so far this year. In comparison, Retail-Wholesale companies have returned an average of 11.63%. This shows that The TJX Companies is outperforming its peers so far this year.
Breaking things down more, TJX is a member of the Retail - Discount Stores industry, which includes 10 individual companies and currently sits at #23 in the Zacks Industry Rank. This group has gained an average of 17.12% so far this year, so TJX is slightly underperforming its industry in this area.
TJX will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.