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Investing.com - TD Cowen raised its price target on The TJX Companies (NYSE:TJX) stock to $145 from $137 on Monday while maintaining a Buy rating, citing the retailer’s widening value gap against competitors. The new target represents significant upside potential for TJX, which currently trades near its 52-week high of $135.85 with a market capitalization of $138 billion. According to InvestingPro data, analyst targets range from $87 to $164.
The research firm expressed increased confidence in TJX’s outlook for fiscal years 2026 and 2027, particularly regarding the ability of Marmaxx, Homegoods, and TJX Canada divisions to drive comparable sales and deliver value to consumers. This confidence appears well-founded, as TJX has demonstrated strong financial performance with annual revenue of $57 billion and maintains a solid dividend track record, having paid dividends for 46 consecutive years. For deeper insights into TJX’s financial health and growth prospects, check out the comprehensive analysis available on InvestingPro.
TD Cowen noted that Vietnam tariffs, expected to land at approximately 20%-25%, could potentially widen TJX’s value advantage in the marketplace, creating more pricing opportunities as market prices increase due to these tariffs.
The firm believes this value gap may become particularly evident during the back-to-school and holiday shopping seasons, providing TJX with competitive advantages during key retail periods.
TJX buyers are seeing an improving buying environment across multiple categories including consumables, beauty, home, apparel, and footwear, according to TD Cowen’s analysis following meetings with the company’s management.
In other recent news, The TJX Companies have reported notable developments. BofA Securities maintained a Buy rating for TJX, with a $145 price target, following a 3% increase in comparable store sales for the first quarter, which reached the upper end of their projections. This performance was driven by increased transaction volumes and consumer preference for value, leading to an upward adjustment in TJX’s earnings per share estimates for fiscal years 2026 and 2027. Loop Capital Markets also raised their price target for TJX to $150, maintaining a Buy rating, after TJX’s first-quarter earnings showed a modest outperformance. The MarMaxx segment saw a 2% increase in comparable sales, with stronger performances in international segments and HomeGoods.
Evercore ISI reaffirmed their Outperform rating with a $150 price target, highlighting TJX’s strategic direction and inventory management. The firm noted TJX’s exploration of new store formats and international ventures, which could drive future earnings growth. Meanwhile, Bernstein reiterated an Outperform rating with a $145 price target, emphasizing TJX’s buying strategy and supply availability as advantages in uncertain macroeconomic conditions. Additionally, TJX shareholders approved board nominees and the appointment of PricewaterhouseCoopers LLP as the independent auditor for fiscal 2026, reflecting strong shareholder support.
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