Time to benefit from TJX’s proven formula

Article Excerpt

TJX’s shares took a big drop, along with most retailers, in March 2020 as COVID-19 lockdowns took hold. However, they have since surged back, and are now at all-time highs. Many traditional bricks-and-mortar retailers will continue to struggle against the COVID-10-spurred onslaught of online shopping. Some will even go out of business. But we believe TJX’s unique business model offers you the possibility of yet new highs, and we recommend the stock as a Power Buy. THE TJX COMPANIES. $66.62 (New York symbol TJX; TSINetwork Rating: Above Average) (tjx.com; Shares o/s: 1.2 billion; Market cap: $80.1 billion; Yield: 1.6%) is a leading off-price retailer of clothing, accessories and home fashions. Off-price retailers purchase merchandise at below-wholesale prices and charge less than retail prices. Investors tap a network of stores. In the U.S., TJX operates 1,272 T.J. Maxx locations, 1,134 Marshalls, 818 HomeGoods, 46 Sierra Trading Post outlets and 34 HomeSense locations. In Canada, it has 279 Winners outlets, 141 HomeSense locations and 102 Marshalls stores. TJX also…