Jim Cramer on The TJX Companies: "I Really Like the Price of TJX"

The TJX Companies, Inc. (NYSE:TJX) is one of the 17 stocks that Jim Cramer commented on. Cramer showed a very positive sentiment toward The TJX Companies, Inc. (NYSE:TJX) during the episode as he said:

“TJX, it’s my favorite of the discounters and discount retail… We’re going to keep TJX because I really like the price of TJX.”

TJX (NYSE:TJX) is an off-price retailer offering a wide range of apparel, accessories, and home goods, including furniture, décor, and seasonal items, sold through physical stores and online platforms. On May 22, Cramer called the company “king of value,” as he said:

“I want to highlight to you three retailers that reported excellent quarters in just the last couple of days, and only one was recognized as fabulous, that’s Urban Outfitters. One’s holding on with its fingertips, that’s RL, Ralph Lauren. And then a third, TJX, that’s getting sold off, yet presents, I think, now the best buying opportunity… And then there’s the king of value, TJX. While the stock went down today and has been going down since the quarter reported, keep in mind that it regularly sells off after the quarter, as I said to you, even when the earnings are good.

TJX is a simple story. The values here are extraordinary because they’re selling merchandise that retailers had to rapidly get rid of either to bring in new inventory or to pay the bills. I like it much more, for instance, than Ross Stores, also in its cohort, which really disappointed this very evening as opposed to the faux disappointment for TJX. T.J. Maxx, HomeGoods, Marshals, they’ve got, they’re great value for all income groups, and that’s kind of what makes it such a great shopping experience. TJX told us that things are going terrific, just right now, great guns. I’d say, what the heck is the stock down for? It is time to buy it. It’s one of the most successful retailers of all time.

… TJX, the company, has more than 5,000 locations, and management thinks there’s room for another 2000 on top of that. Now, some of their brands are dramatically underpenetrated, especially in Europe. Again, that’s why I think TJX stock represents the best value right now. Look, there are a ton of terrific retailers, but these three really put up amazing numbers, and only one is being recognized. I see that as an opportunity because it’s just a matter of time before Wall Street realizes that the kings of retail came out, showed you their best stuff this quarter, and you want to get into all of them before everybody else figures out what I just told you.”

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