Is TJ Maxx Losing Steam?
TJ Maxx parent TJX (NYS: TJX) has gone on a heck of a run over the past 12 months, but some investors are worried about a mixed bag of an earnings report. Despite strong bottom-line growth, the company projected a softer third quarter. Frankly, this isn't worth reading into too much. The company remains an incredible operator, with an undeiable value proposition for shoppers. Even with a lighter third quarter, the company still raised its full-year estimates.
Any pullback on the news would be a clear opportunity to pick up shares of a great company at a fair price.
The best part about an investment in TJX is that any Main Street shopper could have told you what Wall Street was missing all year: It's a great company! Had we, the 99%, put our investing money where our spending money was going, we would have been handsomely rewarded this year.
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The article Is TJ Maxx Losing Steam? originally appeared on Fool.com.Austin Smith, Brendan Byrnes, and The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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