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Investing.com - Jefferies raised its price target on The TJX Companies (NYSE:TJX) to $170.00 from $160.00 on Tuesday, while maintaining a Buy rating on the stock. TJX is currently trading at $146.72, just 1% below its 52-week high of $146.93, with analysts setting targets ranging from $90 to $172.
The firm cited strong third-quarter momentum in the off-price retail sector, which it believes will lead to comparable sales and earnings per share beats for TJX in the third quarter. With TJX’s earnings report due in just 8 days (November 19), InvestingPro data shows the company has been consistently profitable, reporting $4.39 in diluted EPS over the last twelve months.
Jefferies noted that Ross and Walmart are leading with particularly strong performance in the third quarter, indicating positive trends in the discount retail space where TJX operates.
The research firm expressed that off-price retail strength and continued demand for essential items could drive relative outperformance for companies like TJX through the end of the year.
While Jefferies mentioned challenges for some retailers like Target in the near term and caution around Dollar Tree heading into the fourth quarter, the firm remains positive on the off-price segment where TJX is positioned.
In other recent news, The TJX Companies have been the subject of several positive analyst evaluations. UBS has reiterated its Buy rating for TJX with a price target of $172, noting solid sales momentum through November and expecting a modest third-quarter earnings beat. TD Cowen has also raised its price target to $162, maintaining a Buy rating and citing strong execution and favorable market conditions for off-price retailers. BTIG initiated coverage on TJX with a Buy rating and a $165 price target, highlighting traffic growth and consistent comparable gains. Erste Group reinstated its coverage with a Buy rating, emphasizing TJX’s strong margins and higher return on equity compared to competitors. Additionally, TJX announced a quarterly dividend of $.425 per share, payable on December 4, 2025, to shareholders of record as of November 13, 2025. These developments indicate continued confidence in TJX’s performance and strategy from multiple financial institutions.
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