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Is TJX a buy?

 Aug 12, 2008 11:41 AM UTC
Return Risk
-38.11% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
TJX Positive 08/12/08 -45.93% --
WMT Positive 08/12/08 -6.55% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Earnings reports, Wal-Mart (WMT), Stocks to Buy, Recession

Shares of TJX Cos. (NYSE: TJX) fell in early trading after the discount retailer reported earnings that failed to impress Wall Street and gave guidance that fell short of expectations. The shares may still be worth adding to your portfolio.

Like Wal-Mart Stores Inc. (NYSE: WMT), TJX is benefiting from cash-strapped consumers eager to snap up the latest bargains. TJX, parent of TJ Maxx, is up 28% this year, outperforming Wal-Mart, which has gained more than 24%. The Massachusetts company currently trades at a forward price-to-earnings ratio of 15, below the Wal-Mart's ratio of 16. Wall Street analysts consider both stocks a buy.

Another thing in TJX's favor were the results in the quarter, which were spectacular. The company's net income tripled to $200.2 million, or 45 cents a share, a penny under...



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