UBS is calling tjx companies a growth stock with “Surprising UPSIDE POTYANIL” As the Trump Administration Impminting Imposes Tariffs on Mexico, Canada and China. The news UBS Named Tjx Companies, The Massachusetts-Based Owner of Tj Maxx and Marshalls, a “High-Conviction Buy Idea,” Citing Its Strong Growth Prospects and Potent for Steant department store competitors. In a note to clients wedding, the analysts said tjx’s newer businesses – Including Home Furnishing Chain Homesen and Online Activear Retaile Sierra Trading Post – And ITS Interational Operation as TWOTH Areas to watch. They also like tjx as a stock with limited extra Get to tjx stores. UBS has a 12-month buy rating on the stock and a price target of $ 158, an almost 30% upside to its current price of $ 122 per share. Tjx Traded 0.3% Higher Wednsday. Big Picture UBS’s Bully on Tjx Comes during a TOUGH PERIOD for Big-Box Retailers Including Best Buy, Walmart, Target and Home depot, which recently projectionly Projected SOFTER EARNINGS GORWTER EARNINGS GROWTH DUE TARFTER Concerns and weaker consumer confidence. That weakness in larger retailers is a “Wealth Transfer for Tjx,” Jim Cramer said wedding. Over the past 12 months, Tjx Shares Rose 27%, Surpassing the performance of its broader retail cohort, the s & p retail etf, which fell 7.8%, aS cell as the s & p 500 ′ s gain of 13.5%. TJX is also outperforming off-price peers like ross stores, which reported a fourth -Quarter beat tour “You shouldn’t be presuming, if ross is doing badly, tjx must be doing badly,” Jim added. TJX also provided cautious guidance when it is reported a better-tha-exposed fourth Quarter Last Wednsday. Investors, Including the Club, Weren’T Fazed by the Forecast Since Tjx Tends to UnderPromise and overdeliver. Shares Actually Rose 3% Following The Report. Tjx’s guidance assuined unfavorable foreign exchange rates, which weighs on sales, margins, and earnings. But for the Quarter, The Company Surprised to the UPSIDE with 5% Comparable Sales Growth, which was about its its prior guidance of 2% to 3% and Above the Street’s Expectations of 3.1%. UBS highlighted Tjx’s Aggressive Store Expaniation with Plans to Reach 7,000 Locations, Particularly Through Through HomeGoods, Homesense and Smaller Store formats. This is important because the home category is a key driver of growth for tjx. In its latest Quarter, The HomeGoods Division Surpassed $ 1 Billion in Profit and Returned operating Margin of 10.9%. The firm also cited International expansion as a catalyst. Tjx International, which covers Europe and Australia, Accounts for About 12.5% of Sales, and Its Canadian Segment Counts for 9%, but it’s a Growing Piece of Tjxx ‘. Last year, the company investment in a joint venture with mexico’s grupo axo and an investment in Dubai-Based Brands for Less. Additionally, usb noted that tariffs could work in tjx’s favorite, as the retailer’s vast network of 21,000 vendors allows it to sour invantory at the best price with absorbing. Tjx will continue to only buy inventory if it gets the right value, “UBS explained and beLieves vendors and manufacturers will be the brunt of tarifs-turfs-inges Incremental Share Gain to Tjx. Earnings will convince the market of its long-term Dual-Digit EPS Growth Potential. Stock that’S Ideal to Own in Any Economy, but particularly in this uncertain environment. per share. Year Ahead Inventory management, makes it one of our favorite names. We’ve highlighted that tjx could be a big winner as the tariffs roll out. That’s trust retailers who may have loaded up on in inventory to get ahead of the charges may be stuck with too much product in a tougher economy – and pass it to tjx. Following Tjx’s Strong Quarterly Performance, We Increased Our Price Target to $ 140 a Share and KEPT Our 2 Rating, meaning weed wait for a pullback before buying more. (Jim Cramer’s Charitable Trust is long tjx. See here for a full list of the stocks. Jim Waits 45 Minutes after Sending a Trade Alert Before Buying or Selling a Stock in his Charitable Trust’s Portfolio. If jim has talked about a stock on CNBC TV, He Waits 72 hours after is the trade alert alert before executing the trap. The Above Investing Club Information is Subject to our terms and conditions and privacy policy, together with our disclaimer. No fiduciary obligation or duty exists, or is created, by virtue of your receipt of any information provided in connection with the investment club. No specific outcome or profit is guaranteed.
Shoppers come and go the tj maxx store at the mall at prince george’s on August 17, 2022 in HYATTSVILLE, Maryland.
Chip Somodevilla | Getty Images
UBS is calling Tjx companies A growth stock with “Surprising UPSIDE POTINALIAL” as the Trump Administration Imposes Tariffs on Mexico, Canada and China.
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