5 Jim Cramer Stock Picks This Week

In this article, we discuss the 5 Jim Cramer stock picks this week. If you want to read about some more Jim Cramer stock picks, go directly to 10 Jim Cramer Stock Picks This Week.

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

Number of Hedge Fund Holders: 55      

The TJX Companies, Inc. (NYSE:TJX) operates as an off-price apparel and home fashion retailer. On December 20, during his Mad Money show on CNBC, Jim Cramer outlined his bullish position on the retailer, noting that while retail is truly awful right now, it is not uniformly awful and most stores may be struggling, but there were a few that are doing quite well. He added that The TJX Companies, Inc. (NYSE:TJX) stock was definitely a buy. 

On December 6, Cowen analyst John Kernan maintained an Outperform rating on The TJX Companies, Inc. (NYSE:TJX) stock and raised the price target to $85 from $84, noting that the company’s opportunities across apparel, footwear, accessories, home, beauty, and kids are improving.

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

In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and The TJX Companies, Inc. (NYSE:TJX) was one of them. Here is what the fund said:

“The pandemic created opportunities for us to be more aggressive in a variety of areas of the market. We were opportunistic throughout the year, for example, in positioning the portfolio to benefit from a flush consumer eager to return to spending and traveling. New positions included The TJX Companies, Inc. (NYSE:TJX), an off-brand retailer with a large presence in the U.S. and Europe that should continue to benefit from the contraction of many traditional retailers, particularly as consumer spending resumes.”