Shares of TJX Companies (TJX) are slightly positive Wednesday morning as the company posted its fourth-quarter report, showing same-store sales rose 5% year over year. In addition, the company plans to raise its dividend by 13% in fiscal year 2025.
Jefferies Analyst Corey Tarlowe joins Yahoo Finance to give insight into consumer trends within the retail space and what investors should keep in mind when eyeing the sector.
Tarlowe: “It’s one of our top picks within large cap alongside Walmart (WMT) and Costco (COST), the stocks perform very nicely. We do see continued out performance here and the fundamentals that we’ve continued to observe all throughout 2023 and into 2024 so far have been very, very strong according to the data that we track with traffic, again driving the majority of the top sales gain. We really are very encouraged with what we are seeing alongside the strong sales trends.”
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Editor’s note: This article was written by Nicholas Jacobino
