TSX higher on employment data
Investing.com - Evercore ISI raised its price target on The TJX Companies (NYSE:TJX) to $162.00 from $150.00 on Thursday, while maintaining an Outperform rating on the stock. This aligns with broader analyst optimism, as InvestingPro data shows 7 analysts have recently revised their earnings estimates upward for the upcoming period.
The firm cited TJX’s reliable share gains and consistent earnings upside delivery, noting that the company remains on Evercore’s Top 5 list despite its seldom cheap valuation. With a market capitalization of $154.93 billion and a P/E ratio of 32.46, TJX currently appears overvalued according to InvestingPro’s Fair Value analysis.
Evercore expressed high confidence in positive revisions to consensus forecasts for both top and bottom lines in the third and fourth quarters, highlighting that second-quarter comparable sales accelerated beyond their estimates and investor expectations.
The research firm also noted that TJX’s third quarter is off to a strong start despite tough August 2024 comparisons, and the company’s profitability model is improving with traffic holding steady despite industry average unit retail prices beginning to increase.
Evercore pointed out that TJX successfully offset tariff headwinds in the second quarter, and the 10% comparable inventory growth suggests the company prebought some near-term protection for the second half of the year.
In other recent news, The TJX Companies reported impressive financial results for the second quarter of 2025, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $1.1, which exceeded the forecasted $1.01, and reported revenue of $14.4 billion, beating the anticipated $14.14 billion. In light of these results, Jefferies raised its price target for TJX to $160 from $155, maintaining a Buy rating, citing the company’s potential to benefit from growth in the off-price sector. Similarly, TD Cowen increased its price target for TJX to $151 from $145, also maintaining a Buy rating. TD Cowen’s revised target reflects 30 times its above-consensus fiscal year 2027 EPS estimate of $5.04. These developments underscore positive analyst sentiment towards TJX’s future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.