With the stock price closing at $80.51 on Friday, TJX has had a good run with the stock doubling over the past 5 years.
But with same store sales rising 5%, a pipeline of new stores on the way (domestically and internationally), a trailing PE of 22 (forward PE 17.9) and dividend yield of 1.6% the stock still looks attractive.
Additionally the company has a number of sales initiatives in progress - notably loyalty cards, early opening and gift cards - and with an effective tax rate of 37% TJX is set to benefit significantly from tax reform.
With strong sales growth and a boost of around 20% from tax reform, an EPS of $5 in 2018 along with an PE multiple of 20 looks very achievable.
Some good articles on seeking alpha (especially Toni Nasr CFA)
This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.
Submitted January 28, 2018 at 07:18AM by InterestingNews1 http://ift.tt/2rOCNYU
