TJX Companies Stock Hits New 52-Week High (TJX)

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NEW YORK ( TheStreet) -- TJX Companies (NYSE: TJX) hit a new 52-week high Friday as it is currently trading at $45.56, above its previous 52-week high of $45.50 with two million shares traded as of 10:45 a.m. ET. Average volume has been 5.5 million shares over the past 30 days.

TJX Companies has a market cap of $33.42 billion and is part of the services sector and retail industry. Shares are up 40% year to date as of the close of trading on Thursday.

The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally. The company has a P/E ratio of 20, below the average retail industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates TJX Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full TJX Companies Ratings Report.

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