TJX Soars 0.61% Ahead of Earnings Report

The TJX Companies, Inc. (TJX) surged to a record high today, with an intraday gain of 0.61%.

The strategy of buying TJX shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years. The annualized return was 18.1%, which outperformed the market by 6.02%. As of the latest data, $100 invested in TJX 15 years ago would be worth $1,190.12 today.

However, recent earnings previews suggest that while TJX is expected to beat earnings and revenue estimates, there are concerns about valuation and tariff impacts on margins. Additionally, institutional investors have shown interest in TJX, with Strategic Wealth Partners Ltd. boosting its stake in the company. Overall, while the strategy has worked well in the past, investors should consider these recent factors before making investment decisions.

TJX is set to announce its fiscal first-quarter earnings, with expectations of 91 cents per share and revenue projected to be $13.01 billion. Analysts are closely watching these results as they could influence the stock's performance.

TD Cowen has reiterated its Buy rating on TJX and increased the price target from $140 to $142, indicating positive sentiment and expectations for future growth.

The stock price has seen a notable rise, with a 9% increase over the last quarter and a 39.86% return over the past year. TJX's growth strategies, including launching a pop-up lounge, align with consumer trends and may be contributing to this upward movement.

Jim Cramer has referred to TJX as "the best of the retailers," highlighting its business model of buying excess goods from merchants and selling them at discounted prices, which is attracting consumer interest and potentially impacting stock value.