TJX Companies (TJX) is a clear "winner" as consumers hunt for deals, according to Bernstein analyst Aneesha Sherman.

Sherman told Yahoo Finance's Morning Brief that the off-price retailers focus on value gives the company a competitive advantage and enables it to "attract a higher-income consumer that is trading down from the department store."

"It's been this traditional off-pricer that's focused on value, but now it's branching out," Sherman told Yahoo Finance's Morning Brief. "It's one of the few stocks right now that is gaining consumers, gaining traffic, gaining market share."

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This post was written by Angel Smith