Columbia Sportswear’s (COLM) net sales increased 7.8% to $654.61 million in the first quarter.
Several analysts raised their price targets for Columbia Sportswear after it reported strong first-quarter results and raised its outlook.
As of April 26, TJX Companies (TJX) was trading at 12-month forward PE ratios of 21.1x compared to Ross Stores’ (ROST) valuation of 21.8x.
As of April 26, TJX Companies (TJX) stock carried a “buy” recommendation from 72% of the analysts covering the stock.
The majority of analysts covering Ross Stores stock have a “buy” rating.
While several retailers and department stores are closing down stores amid intense competition from online retailers, off-price retailers TJX Companies and Ross Stores (ROST) see a tremendous opportunity to grow their store base.
Margins of both TJX Companies (TJX) and Ross Stores (ROST) have been under pressure due to higher freight costs and wages.
TJX Companies’ (TJX) sales grew 8.7% to $39 billion in fiscal 2019.
Both TJX Companies and Ross Stores have delivered higher YTD returns than the 18.0% YTD total returns of the S&P 500 Index.