ALERT! REDUCE CORE POSITION IN TJX AT $56.85
September 10, 2019
CHANGE TO CORE POSITION: REDUCE TJX CO’S AT $56.85 (Current position size: 0.875% Underweight, previously Regular Weight at 1.75%)
JUSTIFICATION: In August we added to TJX when the valuation was fair at $49.77, now we are going back to an underweight position in TJX Co’s because the valuation is high.
WHO IS TJX COMPANIES INC.: The TJX Cos., Inc. engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Winners, Homesense, Marmaxx, HomeGoods, TJX Canada, and TJX Europe. (Source: WSJ)
