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Is TJX Stock a Buy Under $65? By StockNews

by Mike Robinson

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© Reuters. TJX Stock: A Buy Below $65

TJX Companies (TJX), a low-price retailer of department stores, is currently trading at $65. Despite facing severe pandemic-related headwinds, the company reported a significant rebound in earnings during its most recent quarter. Given the company’s efforts to boost its revenue growth by rapidly enhancing its digital platform, is the stock poised to soar in price? Continue reading. The TJX Companies Inc. is an international off-price apparel and home fashion store operator. It is located in Framingham. It operates in four segments: Marmaxxx, HomeGoods, TJX Canada and TJX international. TJX offers many opportunities for growth through its multi-national portfolio.

To close at $63.02, the shares increased 8.3% over the previous year. Its strong top-line growth in its last reported quarter, driven by improvement across all business segments, and its solid growth prospects, are expected to propel the company’s performance in the coming months.

In addition, TJX’s HomeGoods proved its resilience through rapid adaptation and expansion of its online presence during the pandemic-induced retail collapse. In addition, TJX’s HomeGoods recently launched its e-commerce platform, which could propel its revenue growth.

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