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The TJX Companies (TJX) Jumps: Stock Moves 8.7% Higher

Zacks Equity Research

The TJX Companies, Inc. (TJX) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $52.39 to $54.90 in the past one-month time frame.

This retail stock witnessed two negative estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

The TJX Companies carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

However, better-ranked stocks in the same sector include Burlington Stores, Inc. (BURL), Abercrombie & Fitch Co. (ANF) and J. C. Penney Company, Inc. (JCP). While Burlington Stores sports a Zacks Rank #1 (Strong Buy), Abercrombie & Fitch and J. C. Penney Company hold a Zacks Rank #2 (Buy).

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TJX COMPANIES (TJX): Free Stock Analysis Report

BURLINGTON STORES INC (BURL): Free Stock Analysis Report

ABERCROMBIE & FITCH CO (ANF): Free Stock Analysis Report

JC PENNEY CO INC (JCP): Free Stock Analysis Report


Zacks Investment Research