The TJX Companies, Inc. (NYSE:TJX) posted better-than-expected second-quarter earnings and raised 2026 EPS guidance on Wednesday.
TJX reported quarterly earnings of $1.10 per share which beat the analyst consensus estimate of $1.01 per share. The company reported quarterly sales of $14.40 billion which beat the analyst consensus estimate of $14.13 billion.
"Longer term, we are convinced that we have a long runway ahead to capture additional market share and continue our successful growth around the world," said Chief Executive Officer and President Ernie Herrman.
TJX Companies expects third-quarter GAAP EPS in the range of $1.17 to $1.19, slightly below the Street estimate of $1.22. The firm raised its fiscal year 2026 GAAP EPS guidance to $4.52–$4.57 from $4.34–$4.43, above the Street estimate of $4.51.
TJX shares jumped 2.7% to close at $138.27 on Wednesday.
These analysts made changes to their price targets on TJX following earnings announcement.
- B of A Securities analyst Lorraine Hutchinson maintained TJX with a Buy and raised the price target from $145 to $150.
- Morgan Stanley analyst Alexandra Steiger maintained the stock with an Overweight rating and raised the price target from $140 to $150.
- Telsey Advisory Group analyst Dana Telsey maintained TJX with an Outperform rating and raised the price target from $150 to $155.
- Baird analyst Mark Altschwager maintained the stock with an Outperform rating and raised the price target from $143 to $152.
- Evercore ISI Group analyst Michael Binetti maintained TJX with an Outperform rating and raised the price target from $150 to $162.
Considering buying TJX stock? Here’s what analysts think:
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