TJX Rises Amid Market Downturn, Analysts Expect 12.2% YoY Earnings Growth

TJX (TJX) rose 1.23% to $153.94, outperforming the S&P 500's 0.51% loss. The parent of T.J. Maxx, Marshalls, and other stores has dropped 1.2% in the past month, falling short of the Retail-Wholesale sector's gain of 5.66%. Analysts expect TJX to post earnings of $1.38 per share, a 12.2% YoY growth, and a revenue of $17.4 billion, a 6.43% rise from last year. The Zacks Rank system has an impressive track record of outperformance, with #1 stocks generating an average annual return of +25%. TJX holds a Zacks Rank of #3 (Hold) and a Forward P/E ratio of 29.68, indicating a premium compared to its industry's Forward P/E of 26.85.