TJX Companies Makes Investors Feel Like They're Knock, Knock, Knocking on Penny's Door

Bazinga! Shares Soar!

TJX Companies shares reached a record high following strong fiscal first quarter results that surpassed expectations and attracted a crowd of bargain hunters to the stock.

The Big Bang in Revenue

Total revenue for the quarter rose 6% year over year outshining analysts' predictions with adjusted earnings per share showing a 22% surge from the previous year. The stock closed up at $101.12 delivering a year to date increase of nearly 8%.

Sheldon's Take on Why We Own It

T.J. Maxx Marshalls and HomeGoods continue to be a refuge for shoppers seeking value in an inflation heavy economy. The 'treasure hunt' shopping experience lures customers in while competitors like Ross Stores and Burlington Stores struggle to keep up.

The Cool Kids Shop at TJX

"We have the value leadership positioning right now," boasted CEO Ernie Herrman. With a 'cooler place to shop' vibe TJX attracts shoppers from various income brackets and age groups proving that everyone loves a good discount deal.

From Red Matter to Green Lantern

Management's positive outlook for the future led to an increase in full year profit margin projections and earnings per share goals. With a total return of $886 million to shareholders in the quarter TJX is having a 'bazinga' moment in the market.

Guidance Schmidance

While TJX's guidance may have missed some Wall Street expectations the company's track record of over delivering in the past gives investors hope for the future. With pretax profit margin on the rise TJX's value proposition remains strong.