TJX Companies Show Strong Performance Amid Market Growth
Robust Earnings and Analyst Support Highlight the Retailer’s Potential
The TJX Companies, Inc. (TJX) is a prominent off-price retailer based in Framingham, Massachusetts, specializing in apparel and home fashions. With a market cap of $139.7 billion, TJX offers a range of retail brands that include T.J. Maxx, Marshalls, HomeGoods, and Winners. The company operates across North America, Europe, and Australia, focusing on providing quality brand-name merchandise at competitive prices while prioritizing responsible sourcing and customer satisfaction.
In recent months, TJX shares have outperformed the market. Over the past 52 weeks, TJX has returned 28.3%, surpassing the broader S&P 500 Index ($SPX), which saw a 21.8% increase. In 2025, TJX stock has risen 3.6%, compared to SPX’s 2.7% gain year-to-date.
Further analysis indicates that TJX stock has outperformed the Vaneck Retail ETF’s (RTH) 22.9% gains in the last year.
Following the release of its Q3 earnings results on November 20, shares of TJX rose marginally. Revenue for the quarter increased by 6% year-over-year to $14.06 billion, exceeding estimates that projected $13.96 billion. Additionally, TJX reported an earnings per share (EPS) increase of 10.7% to $1.14, surpassing expectations of $1.09.
The company has updated its financial forecast, now expecting diluted EPS to range between $1.12 and $1.14 for fiscal Q4. For fiscal 2025, TJX anticipates a 3% rise in consolidated comparable store sales and projects diluted EPS between $4.15 and $4.17.
For the current fiscal year ending in January 2025, analysts predict that TJX’s EPS will grow by 11.2% year-over-year to $4.18. TJX has a strong history of earnings surprises, having exceeded or matched consensus estimates in each of the last four quarters.
Among the 22 analysts covering the stock, there is a “Strong Buy” consensus rating, consisting of 19 “Strong Buy” ratings and three “Holds.”
The stability of this rating reflects favorable conditions over the past few months. On February 3, Bernstein analyst Aneesha Sherman maintained a “Buy” rating on TJX Companies, setting a price target of $145, suggesting a potential upside of 15.9%.
TJX’s average price target of $135.90 implies an 8.6% increase from the current price levels. The highest target of $151 suggests a more ambitious potential increase of 20.7%.
On the date of publication, Rashmi Kumari did not hold any positions in the securities mentioned in this article. The information provided here is for informational purposes only. For more details, please see the Barchart Disclosure Policy.
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