Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
Investing.com - UBS has reiterated its Buy rating on The TJX Companies (NYSE:TJX) with a price target of $172.00, according to a recent analyst note. This target represents significant upside from the current price of $140.18, with TJX currently trading near its 52-week high of $146.46.
The investment firm believes TJX has maintained solid sales momentum through November month-to-date, positioning the off-price retailer to deliver a modest third-quarter earnings beat. InvestingPro data shows TJX is scheduled to report earnings on November 19, with analysts maintaining a strong consensus Buy recommendation.
UBS expects TJX will raise its fiscal year 2026 earnings per share guidance by a small amount following the quarterly results.
The firm notes that both the sell-side and broader market already anticipate similar outcomes, which would likely limit changes to consensus estimates and the company’s price-to-earnings ratio.
The options market is pricing in a 3.9% share price move around the earnings event, slightly higher than the historical average move of 3.3%, an expectation UBS considers appropriate. This aligns with InvestingPro data showing TJX generally trades with low price volatility, with a beta of 0.77. TJX has delivered strong returns with a 17.33% year-to-date price increase and maintains a 46-year streak of dividend payments.
In other recent news, The TJX Companies reported strong second-quarter earnings, with earnings per share reaching $1.10, surpassing Wall Street’s expectations of $1.01. The company also reported a same-store sales growth of 4%, exceeding the anticipated 3.4% increase, and achieved a pre-tax margin expansion of 50 basis points year-over-year to 11.4%. Following these results, JPMorgan raised its price target for TJX to $148, maintaining an Overweight rating. Similarly, Bernstein SocGen Group increased its price target to $152, citing TJX’s potential to outperform competitors in the medium term. BTIG initiated coverage on TJX with a Buy rating, highlighting impressive traffic growth. Erste Group also reinstated coverage with a Buy rating, noting TJX’s strong financial metrics, including high return on equity and operating margins. Additionally, TJX announced a quarterly dividend of $.425 per share, payable on December 4, 2025, to shareholders of record on November 13, 2025.
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