Dec. 29 at 3:24 PM
Is
$TJX being too cautious or just smart?
While TJX's Q3 momentum was strong, their Q4 comp sales guidance of 2%-3% shows a conservative stance, reflecting concerns over the holiday environment and last year's tougher comps. Shares are up 4% in the past month compared with the industry's growth of 0.9%, but with a forward P/E of 31.05x, some might question the valuation.
Comprehensive analysis here 👉 https://www.zacks.com/stock/news/2809794/is-tjxs-q4-comps-guidance-too-conservative-given-recent-momentum?cid=sm-stocktwits-2-2809794-body-26571&ADID=SYND_STOCKTWITS_TWEET_2_2809794_BODY_26571