Is TJX Companies Stock a Buy?
TJX Companies (NYSE: TJX) has something in common with fellow retailers that rely on shoppers coming to their physical stores. The coronavirus pandemic has been a big drag on sales and profit. In some locations, stores remained shut for months. And everywhere, consumers generally favored contactless experiences. And that means online shopping versus browsing alongside other shoppers.
But amid the negatives, some positives emerged for the off-price retail giant. And TJX -- owner of the Marshalls, T.J. Maxx, and Homegoods chains -- even plans on expanding in the coming year and beyond. Investors remain optimistic. The shares gained almost 12% in value last year and are up about 2% so far this year. Now the question is whether you should add TJX to your stocks shopping list.
Let's take a closer look at the full picture.
Source Fool.com
