TJX Stock May Be T.J. Maxx’s Best Bargain
After two good years for the industry, the off-price retailer could be set for a great one in 2025. By Teresa Rivas TJX Cos. has seen its stock double in the past five years, and it could be poised to continue this run. Off-price retailers have been gaining market share for years, boosted by inflation-weary consumers hunting for bargains. As the industry leader, TJX — which operates T.J. Maxx, HomeGoods, and Marshalls stores — buys excess inventory from other retailers and manufacturers, sells it at deep discounts, and commands some of the best merchandise along with well-heeled shoppers. That has pushed the stock’s valuation to close to its highest level since the pandemic. Despite its recent strength, there are still plenty of catalysts that could lift the stock even higher. The retail industry looks a lot like it did in 2022, when strong demand led stores to overorder, only to […]
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