Smart Shoppers Don't Overpay

Most people like to get bargains. Nobody wants to pay more for the same merchandise than everybody else. Ironically, buyers of off-price retailer TJX Company's (TJX) shares are now ponying up the highest valuation in decades.

The company is a good operator but the stock more than reflects all the positive news. TJX now trades for 22.7x trailing 12-month earnings per share (EPS) of $2.72, which is 21.7x expected fiscal 2013 earnings and 19.1x  Zacks's perhaps optimistic, fiscal 2014 estimate of $3.23....181 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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