5 Best Retail Stocks to Buy Now

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n this article, we discuss the 5 best retail stocks to buy now. If you want to read about some more retail stocks, go directly to 10 Best Retail Stocks to Buy Now.

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

Number of Hedge Fund Holders: 55

The TJX Companies, Inc. (NYSE:TJX), with nearly 4,700 stores in nine countries, works as a retailer of home fashion and apparel products at discounted prices. It is one of the top retail stocks to watch right now. On November 16, The TJX Companies, Inc. (NYSE:TJX) posted earnings for the fiscal third quarter of 2022. For Q4 2023, it now expects revenue to be between $13.9 billion to $14.1 billion, versus a consensus of $14.26 billion.

The company is well positioned for the holiday period and beyond. On December 1, Baird analyst Mark Altschwager maintained an Overweight rating on The TJX Companies, Inc. (NYSE:TJX) stock and increased his price target to $88 from $84.

Among the hedge funds being tracked by Insider Monkey, BlueSpruce Investments is a leading shareholder in The The TJX Companies, Inc. (NYSE:TJX) with 5.4 million shares worth more than $332.3 million.

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