The TJX Companies (TJX)
Congratulations to anyone who stepped into The TJX Companies (TJX) before the end of last year — your trade in the apparel retailer is now up 47%.
It may be time to head for the exit, however. While the in-store experience is all about value, at 19.1 times the company’s forward-looking income, the price of TJX stock is anything but a bargain. Yes, the company has posted seven earnings beats in the past ten quarters. However, as tough as the holiday shopping season has been thus far, the current quarter’s results could fall short.
There’s no need to face that risk. Sell TJX stock while it’s still pricey.