Jim Cramer said he is buying the pullback in The TJX Companies, telling a caller on Mad Money that he and Jeff Marks pulled the trigger on September 17 as the stock fell from its $170 high to around $126, $123 and $120. The call came after TJX reported second-quarter fiscal 2027 revenue of $15.2 billion, beating consensus by $20 million, with consolidated comparable sales up 4% year over year. HomeGoods posted a 7% comparable sales gain and international operations also rose 7%, while Marmaxx comparable sales increased just 1%. Management raised its full-year profit guidance and lifted its long-term store growth potential by 500 stores to 7,500 locations, though it guided to moderating sales and lower sequential margin expansion in the second half as adjusted SG&A worsened by 20 basis points on higher store wages and payroll costs. Insider Monkey tracking data showed 80 hedge funds held the stock in the second quarter, down from 83, while short interest stood at 1.98% of the public float.
The TJX Companies IncTJX beat on Q2 revenue, raised full-year profit guidance, and lifted long-term store growth target, prompting Cramer to buy the pullback
Intuit Inc