This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

2 Retail Stocks Hit 52-Week Highs: TJX, LTD

NEW YORK ( TheStreet) -- Shares of the following retail stocks hit 52-week highs on Monday: TJX (TJX - Get Report) and Limited Brands (LTD).

Both stocks received buy ratings from TheStreet Ratings.


The home fashions retailer reported last week fourth-quarter earnings of $475.3 million, or 62 cents a share, up from year-ago earnings of $334.4 million, or 42 cents.

"TJX noted that significant traffic opportunities still exist even in the U.S. where only 25% of adults have shopped at TJ Maxx or Marshalls in the past year, as where the number is much higher for department stores," Wells Fargo analysts wrote in a Feb. 23 report. "By division, we are modeling comps up 3% for Marmaxx (guidance for up 1-2%), up 2% at HomeGoods (guidance up 1-2%), up 3% at TJX Canada (guidance up 2-3%), and up 5% at TJX Europe (guidance up 4-5%). For Q1 2012, we are modeling comps up 4%, also in line with guidance for up 2-4%."

Shares of TJX hit a 52-week high Monday of $36.75. The stock's 52-week low of $24.13 was set on March 18.

TJX has an estimated price-to-earnings ratio for next year of 14.26; the average for apparel retailers is 16.52. For comparison, Kohl's (KSS) has a lower forward P/E of 9.21; Ross Stores' (ROST) forward P/E is 16.25.

Twenty of the 31 analysts who cover TJX rated it buy; 11 analysts gave it a hold rating.

TheStreet Ratings gives TJX an A+ grade with a buy rating and a $47.16 price target. The stock has risen 13.75% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
LTD $0.00 0.00%
TJX $65.97 1.10%
AAPL $127.60 2.28%
FB $83.09 2.87%
GOOG $535.38 2.16%


DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs