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TJX Cos. (TJX) was trading near a buy point, not far below its record high Wednesday afternoon with earnings due in a couple of weeks. The popular off-price clothing and accessories retailer, with more than 5,000 stores in nine countries, continues to put up steady though not flashy sales and profit growth numbers. On Wednesday, the Relative Strength (RS) Rating for TJX stock got an upgrade to 75, up from 70 the day before, a welcome improvement. The raised RS Rating shows that TJX tops 75% of all stocks for price performance over the last 52 weeks. TJX A Good Value Stock? TJX operates under a variety of brands including its namesake stores, T.J. Maxx, Marshalls, HomeGoods, Sierra and HomeSense. Investors who are saturated with fast-growth AI tech stocks might want to check out highly rated value play TJX. The raised 75 RS Rating is good but not yet great. Market research shows that stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves. See if TJX can continue to show price strength and clear that threshold. The other key ratings for the Framingham, Mass.-based company shine brighter. TJX has an 84 EPS Rating, showing it's in the top 16% of companies for recent and long-term profit growth. It also owns an 88 Composite Rating. And its C+ Accumulation/Distribution Rating shows that institutional investors like ETFs and mutual funds are buying more of its shares than selling. On Oct. 15 TXJ topped a 145.58 buy point in a flat base, rising to an all-time high 146.46 that day. It consolidated, drifting lower until Nov. 3 when it turned up. It was on track for its third close higher, trading just below the prior buy point, at about 144 Wednesday afternoon. Among Top 5 In Its Industry The company saw both earnings and sales growth rate rise last quarter. Earnings reversed from a 1% dip the prior quarter to 15% growth to $1.10 per share. Revenue rose 7% to $14.4 billion. The company says on its website it expects to report third quarter results on Nov. 19. Analyst consensus is for a 7% rise in EPS to $1.22 on a 6% increase in revenue to $14.8 billion. TJX Cos. earns the No. 3 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Boot Barn (BOOT) is the No. 1-ranked stock in the group. The unique IBD Relative Strength Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article. Please follow James DeTar on Twitter @JimDeTar
