13 Best Consumer Discretionary Stocks To Buy Now

5. The TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Holders: 77

The TJX Companies, Inc. (NYSE:TJX) ranks among the best consumer discretionary stocks to buy now. On June 18, Bernstein SocGen Group maintained its $145 price target and Outperform rating on The TJX Companies, Inc. (NYSE:TJX). According to the firm, TJX is “one of the few macro-proof US retail names this year” .

Bernstein remained optimistic regarding TJX’s supply availability, pointing out that it hasn’t accumulated inventory to protect itself against supply or tariff concerns, in contrast to its off-price peers. In order to get better prices and respond to demand instantly, management has urged customers to make purchases closer to the time of need.

Bernstein cited TJX’s robust purchasing structure, size, vendor connections, and ability to concentrate on expanding markets like beauty as reasons for the company’s optimism over supply availability this year.

Bernstein predicts that TJX’s earnings growth will stay comfortably over 10% over the medium term due to increases in comparable store sales, prospects for development, and potential for a gross margin increase.

The TJX Companies, Inc. (NYSE:TJX) is a well-known off-price clothing and home fashion retailer. Its store brands include the likes of T.J. Maxx, Marshalls, and HomeGoods, as well as international names such as T.K. Maxx and Winners.