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I mostly invest in ETFs, but I do own a portfolio of carefully selected individual stocks, one of which is that of the TJX Companies (NYSE:TJX). At this time of year, I find it prudent to take a look at
Is TJX Stock A Buy, Sell, Or Hold Heading Into The Holiday Season?
Summary
- TJX is a best-of-breed retailer that has flourished while Amazon has destroyed much of its competition. Not until the pandemic did its stock become a well-valued buy.
- After recovering, its price has stagnated this past quarter. So we examine some vital financials to see to what extent they have recovered from pandemic-related income collapse.
- The most recent earnings call and press release provide important qualitative nuggets of information that help us determine how TJX will perform this holiday season and into next year.
- With all this in mind, TJX is a hold for me, though I cite a price level at which I would add more to my position.
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of TJX, VTI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I am not a registered investment advisor or a professional stock analyst. I am an ordinary investor with a great deal of curiosity who enjoys sharing what I learn as I do the research needed to make the most of my own portfolio. Before you buy and stock do your own research to confirm the soundness of arguments you read in online articles and don't rely on the advice of any one financial journalist.
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