TJX - TJX Companies: Buy This Superb Dividend Grower On Any Future Weakness

2024-01-29 07:30:00 ET

Summary

• In a rapidly adapting retail business environment, a differentiated business model is the difference between success and failure.
• TJX Companies' net sales and diluted EPS surged higher in its Q3 FY 2024.
• The off-price retailer enjoys an A credit rating on a stable outlook from S&P.
• Shares of TJX Companies could be priced at a 19% premium to fair value.
• The company may keep outperforming in the short term, but I require a more favorable entry point before upgrading back to a buy.

In many ways, technology has transformed consumer behavior in recent years. For many consumers, technology poses convenience. A growing share of the things that people used to buy in brick-and-mortar stores is now purchased online....

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