TJX Companies stock initiated with Buy rating at BTIG, citing traffic growth

Investing.com - BTIG initiated coverage on The TJX Companies (NYSE:TJX) with a Buy rating and a price target of $165.00 on Tuesday.

The research firm cited TJX as a "world-class company" that demonstrates "consistently impressive comp gains led by traffic" in its analysis of the off-price retailer.

BTIG also highlighted TJX’s high customer loyalty and benefits of scale as key factors supporting its positive outlook on the stock.

The firm established earnings per share estimates of $4.57 for fiscal year 2026 and $5.05 for fiscal year 2027 in its initial coverage.

BTIG analyst Robert Drbul also noted that TJX has "an outstanding leadership team" in place, further supporting the firm’s bullish stance on the company.

In other recent news, The TJX Companies reported strong second-quarter earnings, with earnings per share of $1.10, surpassing Wall Street’s expectations of $1.01. This performance was bolstered by a 4% increase in same-store sales, exceeding the anticipated 3.4% rise, and a pre-tax margin expansion to 11.4%, above the expected 10.9%. Analysts have responded positively, with JPMorgan raising its price target for TJX to $148, citing the strong earnings, while Telsey Advisory Group increased its target to $155, highlighting the company’s operational execution and sales performance. Bernstein SocGen Group also raised its target to $152, emphasizing TJX’s potential to outperform competitors and drive higher earnings per share in the medium term.

Additionally, Erste Group has reinstated its coverage on TJX with a Buy rating, pointing out the company’s strong financial metrics, including higher return on equity and operating margins compared to its peers. In a separate development, TJX announced a quarterly dividend of $0.425 per share, payable on December 4, 2025, to shareholders of record as of November 13, 2025. These updates reflect the company’s robust financial health and strategic positioning in the retail sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.