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Bernstein SocGen Group maintained its outperform rating and $145.00 price target on The TJX Companies (NYSE: NYSE:TJX) stock on Monday. The firm described TJX as "one of the few macro-proof US retail names this year" that has earned its premium valuation, with analysts continuing to see earnings upside potential. According to InvestingPro data, TJX trades at a P/E ratio of 28.6x and has delivered a solid 13% return over the past year.
The research firm expressed bullishness on TJX’s supply availability, noting that unlike other off-price peers, TJX hasn’t stockpiled inventory to hedge against tariffs or supply risks. Instead, management has directed buyers to purchase closer to the time of need to secure better deals and respond to demand in real-time.
Bernstein highlighted TJX’s strong buying organization, scale, vendor relationships, and ability to focus on growing categories such as Beauty as factors keeping the company optimistic about supply availability this year. These strengths position TJX as a "safe haven against macro/tariff uncertainty" in the short term, according to the research note.
For the medium term, Bernstein projects TJX’s earnings growth to remain comfortably above 10%, driven by continued comparable store sales growth, expansion opportunities, and gross margin upside potential. These factors support the firm’s $145 price target. With revenue of $57 billion and a 3.8% growth rate, TJX demonstrates solid operational performance. Discover more detailed insights and 12 additional ProTips with an InvestingPro subscription.
TJX Companies operates off-price retail chains including T.J. Maxx, Marshalls, and HomeGoods, offering brand-name merchandise at discounted prices compared to department and specialty stores. The company has maintained dividend payments for 46 consecutive years, showcasing its long-term financial stability and commitment to shareholder returns.
In other recent news, The TJX Companies has been the focus of several key developments. The company recently held its annual shareholder meeting, where all board nominees were elected, and PricewaterhouseCoopers LLP was ratified as the independent accounting firm for fiscal 2026. Shareholders also approved the compensation plan for TJX’s executive officers. Analysts have been actively evaluating TJX’s performance, with Evercore ISI maintaining an Outperform rating, citing strong inventory management and potential earnings growth from international expansion. BofA Securities reiterated a Buy rating, highlighting a 3% increase in first-quarter comparable store sales and an encouraging start to the second quarter. Loop Capital Markets raised its price target to $150, acknowledging a modest outperformance in first-quarter earnings and projecting a 3% increase in same-store sales for the year. UBS took an optimistic stance by lifting the price target to $164, emphasizing TJX’s potential market share gains and a projected 10.5% EPS growth rate over five years. These developments reflect a positive outlook for TJX as it navigates the retail landscape.
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