Why Jim Cramer Says TJX Companies (TJX) Stock Is Still a 'Buy'

NEW YORK (TheStreet) -- TheStreet's Jim Cramer asks what happens when expectations are so lowered that a stock is finally a buy on just OK numbers? He thinks this could be the case with TJX Companies  (TJX) .

Cramer says TJ Maxx had a very hard couple of months but it looks like it has come back. He believes CEO Carol Meyrowitz is someone against whom investors should never bet.

The stock went from the $60 range to the $50 range, which Cramer said was probably a great opportunity to scoop it up, but people were concerned the company would "blow it again." But Cramer said TJX blew it one quarter and came back the next, so the stock is still a buy.

Must Watch: Jim Cramer Says TJX is Still a Buy Despite Difficult Couple of Months

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TheStreet Ratings team agrees, as it rates TJX COMPANIES INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TJX COMPANIES INC (TJX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."

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