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Jim Cramer says off-price retailer TJX is still a buy even after crushing the market over the past 12 months

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As lower-income consumers see their budgets squeezed, TJX Companies is a clear winner, CNBC’s Jim Cramer said Thursday.

"I think people should buy the stock," Cramer said on"Squawk on the Street." Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, has owned shares of TJX since August 2022.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly Over the past 12 months, the stock has climbed more than 40%, significantly outperforming the S&P 500 over that stretch. TJX's market cap stands at around $100 billion."It deserves to be higher," Cramer said.email newsletter for freeCramer's comments Thursday came in response to JPMorgan research focused on consumer spending.

 

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