$TJX

Wedgewood Partners' Composite fund returned 2.5% in Q3 2026, outperforming the S&P 500 but lagging the Russell 1000 Value Index. The fund added TJX Companies (TJX) and sold its position in Copart (CPRT).

Wells Fargo named Burlington Stores (BURL) its top off-price retail pick, citing favorable valuation and margin improvement potential. The firm noted shifting market share dynamics, with TJX (TJX) losing share and Ross Stores (ROST) gaining. Burlington's Q3 sales are expected to track at 2%, below Street estimates. Ross Stores is seen as fundamentally strong but overvalued, while TJX faces challenges in its Marmaxx division.

TJX (NYSE:TJX) reported Q2 revenues of $15.18B, up 5.4% YoY, missing EPS guidance. Macy's (NYSE:M) reported $5.06B in revenues, up 1.2% YoY, beating expectations. Ross Stores (NASDAQ:ROST) reported $6.26B in revenues, up 13.3% YoY, exceeding estimates. Stocks reacted accordingly post-earnings.

Jim Cramer revealed he bought shares of TJX Companies (NYSE:TJX) due to confidence in CEO Ernie Herrman, despite recent underperformance. TJX's stock has fallen 14% since August, with weak same-store sales in its Marmaxx division. Management raised EPS guidance to $5.31-$5.36 and pretax profit margin to 12.3%-12.4%. Cramer also praised Ross Stores (NASDAQ:ROST) for its performance under new CEO Jim Conroy.

TJX Companies shares rose 13% from mid-September lows, though still down 8% since August earnings. Morgan Stanley attributes Q2 slowdown to macro factors, not brand issues, and maintains a buy rating. Microsoft and Nvidia launched the Surface Laptop Ultra, starting at $2,600, with AI capabilities. Levi Strauss and PepsiCo report earnings this week.

Goldman Sachs S&P 500 Premium Income ETF (GPIX) reported $501.3M in gross activity, net selling of $9.5M. It added PG ($11.8M), SO ($7.9M), DUK ($7.6M), and reduced HD ($19.3M), PEP ($16.0M), AMZN ($12.0M). GPIX has $6.00B in assets, a 0.35% expense ratio, and a 8.21% dividend yield.

TJX Company opened 11 net new TJ Maxx stores in the first half of fiscal 2027, with more planned. The company had 1,359 TJ Maxx stores as of August 1, 2026, and expects to reach 7,500 stores globally. Three TJ Maxx locations closed in 2026, with no additional closures planned.

Major U.S. retailers like Walmart, Costco, and Target face rising fuel, freight, and supplier costs, impacting margins. Walmart expects $2B in extra fuel costs. Ross Stores and TJX anticipate freight pressures. Costco reports low single-digit inflation. Best Buy sees higher computing prices. Retailers are using cost savings and tariff refunds to limit price increases, with varied strategies to absorb costs and maintain growth.

TJX Companies, Inc. closed a few T.J. Maxx stores in 2026, but these appear to be routine real-estate decisions. The company continues to expand, with over 5,200 stores globally and plans for 7,500. TJX stock fell 1% to $132.31 on Sept. 30, amid broader market declines. According to the company, the closures do not indicate a nationwide retreat. Investors are watching whether TJX's off-price retail strategy can sustain growth.

U.S. Customs and Border Protection has issued $135B in tariff refunds to businesses, including Walmart ($2.9B) and Apple ($2.2B). A Fed study found 75% of companies plan to retain refunds, with only 15% intending to lower prices. Walmart plans to cut prices. Consumer advocates and lawmakers demand refunds for average Americans.