TJ Maxx Parent TJX Stock Surges After Earnings: What To Know
TJX stock is higher Wednesday after the off-price retailer's beat-and-raise quarter. Here's what you need to know.
TJX Companies (TJX) stock jumped higher Wednesday after the off-price retailer beat sales and earnings expectations for its fiscal first quarter and raised its outlook for the full year.
In the thirteen weeks ended May 4, the parent company of TJ Maxx, Marshalls, HomeGoods, Homesense and Sierra saw revenue increase 5.9% year-over-year to $12.5 billion. Earnings per share (EPS) were up 22.4% from the year prior to 93 cents.
"I am very pleased with our first-quarter performance," TJX CEO Ernie Herrman said in a statement. “Overall comparable store sales increased 3%, at the high-end of our plan, and both profitability and earnings per share were well above our expectations."
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
TJX's impressive performance was driven by strong same-store sales in the U.S. across all of its brands and geographies, including 2% combined growth at TJ Maxx, Marshalls and Sierra and 4% collective growth at HomeGoods and Homesense.
"We saw comparable sales growth at every division entirely driven by customer transactions, which underscores the strength of our value proposition," Herrman said. "This also gives us confidence in our ability to gain market share across all of our geographies."
The first-quarter results satisfied analysts' expectations. According to Yahoo Finance, Wall Street had anticipated net sales of $12.5 billion and EPS of $0.87.
As a result of its strong performance in the first quarter, the discount retailer raised its EPS outlook for the full year of fiscal 2025. It now anticipates EPS in the range of $4.03 to $4.09, up from its previous range of $3.94 to $4.02.
"The second quarter is off to a good start and we see numerous opportunities for our business for the balance of the year that we plan to pursue," Herrman said. "Longer term, we are excited about the potential we see to drive customer transactions and sales, capture additional market share, and increase the profitability of TJX."
Where does TJX stock stand with analysts?
Analysts are generally optimistic toward the consumer discretionary stock. According to S&P Global Market Intelligence, the consensus analyst target price for TJX stock is $111.38, representing implied upside of about 7% to current levels. Meanwhile, the consensus recommendation is Buy.
Speaking for the bulls is William Blair analyst Dylan Carden, who has an Outperform (Buy) rating on TJX stock. "We believe shares continue to offer compelling value from a total return standpoint, with 1.5% dividend yield, in good position to take out roughly 5% of the market cap through buybacks, and steady earnings growth in the high single digits over the next two years," Carden says.
Related Content
-
States That Tax Social Security Benefits in 2026Retirement Tax Not all retirees who live in states that tax Social Security benefits have to pay state income taxes. Will your benefits be taxed?
-
QUIZ: What Type Of Retirement Spender Are You?Quiz What is your retirement spending style? Find out with this quick quiz.
-
How to Avoid the Financial Quicksand of Early Retirement LossesSequence of returns — experiencing losses early on — can quickly deplete your savings, highlighting the need for strategies that prioritize income stability.
-
This Is How Early Retirement Losses Can Dump You Into Financial Quicksand (Plus, Tips to Stay on Solid Ground)
Sequence of returns — experiencing losses early on — can quickly deplete your savings, highlighting the need for strategies that prioritize income stability.
-
How an Elder Law Attorney Can Help Protect Your Aging Parents From Financial MistakesIf you are worried about older family members or friends whose financial judgment is raising red flags, help is out there — from an elder law attorney.
-
Q4 2025 Post-Mortem From an Investment Adviser: A Year of Resilience as Gold Shines and the U.S. Dollar DivesFinancial pro Prem Patel shares his take on how markets performed in the fourth quarter of 2025, with an eye toward what investors should keep in mind for 2026.
-
'Donroe Doctrine' Pumps Dow 594 Points: Stock Market TodayThe S&P 500 rallied but failed to turn the "Santa Claus Rally" indicator positive for 2026.
-
Is Your Emergency Fund Running Low? Here's How to Bulk It Back UpIf you're struggling right now, you're not alone. Here's how you can identify financial issues, implement a budget and prioritize rebuilding your emergency fund.
-
An Expert Guide to How All-Assets Planning Offers a Better RetirementAn "all-asset" strategy would integrate housing wealth and annuities with traditional investments to generate more income and liquid savings for retirees.
-
7 Tax Blunders to Avoid in Your First Year of Retirement, From a Seasoned Financial PlannerA business-as-usual approach to taxes in the first year of retirement can lead to silly trip-ups that erode your nest egg. Here are seven common goofs to avoid.
-
How to Plan for Social Security in 2026's Changing Landscape, From a Financial ProfessionalNot understanding how the upcoming changes in 2026 might affect you could put your financial security in retirement at risk. This is what you need to know.
