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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has The TJX Companies (NYSE:TJX) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
The TJX Companies is a member of our Retail-Wholesale group, which includes 224 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TJX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for TJX's full-year earnings has moved 0.67% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, TJX has moved about 16.52% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 15.05% on average. This means that The TJX Companies is performing better than its sector in terms of year-to-date returns.
Looking more specifically, TJX belongs to the Retail - Discount Stores industry, a group that includes 10 individual stocks and currently sits at #60 in the Zacks Industry Rank. Stocks in this group have gained about 23.49% so far this year, so TJX is slightly underperforming its industry this group in terms of year-to-date returns.
TJX will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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