Brick-and-mortar retailer The TJX Companies, Inc. (TJX) rides the re-opening of the U.S. economy and the return of the foot traffic to its stores with a simple business model, which works.
A couple of week ago, the leading off-price apparel and home fashions retailer joined other brick-and-mortar retailers to report earnings and income that beat analyst expectations. In addition, store sales rose at an annual rate of 20%. This author is bullish on the stock. (See TJX stock charts on TipRanks)
TJX’s Strong Performance Does Not Impress Wall Street
TJX’s Q2 solid financial performance followed a strong showing in Q1 when the company reported earnings and revenues that also beat analyst expectations.
Still, TJX’s string of solid performances has failed to impress Wall Street. Its shares have gained 7.83% YTD, compared to 19 percent earned by the SP&500.
Nonetheless, Ernie Herrman, Chief Executive Officer and President of TJX,