Jim Cramer’s Charitable Trust Buys 75 More TJX Shares

According to CNBC, Jim Cramer’s Charitable Trust is buying 75 shares of TJX Companies at roughly $125 each, which would lift its holdings to 1,125 shares and increase the portfolio weighting to 3.6% from 3.33%. The stock rose about 2% on Thursday after hitting another 52-week low a day earlier, and shares have fallen roughly 20% since the beginning of August after a rare Marmaxx same-store sales miss in the second quarter and a rally in oil. Cramer said TJX CEO Ernie Herrman said on the earnings call that August, the first month of the current third quarter, was better than the second quarter, which gave him confidence that Marmaxx’s problems may be temporary. Marmaxx includes the Marshalls and T.J. Maxx brands. He also pointed to Thursday’s August retail sales data, which came in better than expected, and said more consumers may turn to TJX banners such as HomeGoods if budgets tighten and shoppers focus more on deals.