5 Best Retail Stocks for 2021

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

Number of Hedge Fund Holders: 63

The TJX Companies, Inc. (NYSE: TJX) is an off-price apparel and home fashions retailer with four segments, namely Marmaxx, HomeGoods, TJX Canada, and TJX International. The company ranks 3rd on our list of the best retail stocks for 2021.

This May, The TJX Companies, Inc. (NYSE: TJX) declared a $0.26 per share quarterly dividend with a forward yield of 1.55%. The new dividend will be payable on September 2nd. In the first quarter of 2021, its EPS was valued at -$0.74, and its revenue came in at $4.41 billion. The TJX Companies, Inc. (NYSE: TJX) has a gross profit margin of 35.29% and has gained 23.96% in the past year.

By the end of the first quarter of 2021, 63 hedge funds out of the 866 tracked by Insider Monkey held stakes in The TJX Companies, Inc. (NYSE: TJX), worth roughly $2.34 billion. This is compared to the previous quarter’s 68 hedge fund holders with a total stake value of roughly $2.29 billion.

ClearBridge Investments, an investment management firm, mentioned The TJX Companies, Inc. (NYSE: TJX) in their first quarter 2021 investor letter. Here’s what they said:

“New positions that should thrive in a reopening of the economy and a financially healthy consumer eager to spend include: TJX, an off-brand retailer with a strong presence in the U.S. and Europe that should continue to benefit from the demise of traditional retailers, particularly as consumer spending resumes.”