TJX Stock Pops After Earnings Show Consumers Crave Value
TJX stock is higher Wednesday after the TJ Maxx parent beat Q2 expectations and raised its full-year outlook. Here's what you need to know.


TJX Companies (TJX) stock is trading higher Wednesday after the off-brand retailer beat top- and bottom-line expectations for its fiscal second quarter and raised its full-year outlook.
In the 13 weeks ended August 3, TJX's revenue increased 5.6% year-over-year to $13.5 billion, driven by comparable-store sales growth across all its brands and geographies. This included 5% combined domestic growth at TJ Maxx, Marshalls and Sierra. Its earnings per share (EPS) increased 12.9% from the year-ago period to 96 cents.
"I am extremely pleased with our second-quarter performance. Our comparable store sales increase of 4%, pretax profit margin, and earnings per share all exceeded our plans," said TJX CEO Ernie Herrman in a statement. "Our overall comparable-sales growth was entirely driven by customer transactions, which increased at every division."
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

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.
The results topped analysts' expectations. Wall Street was anticipating revenue of $13.3 billion and earnings of 92 cents per share, according to Yahoo Finance.
"With our strong second-quarter results, we are raising our full-year guidance for both pretax profit margin and earnings per share," Herrman said, adding that "the third quarter is off to a strong start."
Here's what TJX now expects to accomplish versus its previous forecasts:
Metric | New outlook | Previous outlook |
---|---|---|
Comparable-store sales | Approximately 3% | 2% to 3% |
Pre-tax profit margin | Approximately 11.2% | 11% to 11.1% |
EPS | $4.09 to $4.13 | $4.03 to $4.09 |
For the third quarter, TJX said it anticipates comparable-store sales growth in the range of 2% to 3% and earnings per share in the range of $1.06 to $1.08, which comes up just shy of the $1.10 per share analysts are expecting.
Is TJX stock a buy, sell or hold?
TJX has had a standout year on the charts, up 28% on a total return basis (price change plus dividends). Unsurprisingly, Wall Street is bullish on the consumer discretionary stock.
Of the 25 analysts covering TJX tracked by S&P Global Market Intelligence, 16 have it at Strong, Buy, five call it a Buy, three say it's a Hold and one has it at Sell. This works out to a consensus Buy recommendation and with strong conviction.
Speaking for the bulls is Jefferies analyst Corey Tarlowe, who has a Buy rating and $130 price target on the retail stock. "TJX should benefit from secular migration towards the off-price sector, which should bounce back more quickly and strongly than other retail sectors," Tarlowe writes in a note to clients. "Home and international expansion are unique growth opportunities."
However, not all analysts are bullish on TJX. Financial services firm CFRA Research rates TJX stock a Sell with a $100 price target. The stock is trading at 36 times fiscal 2026 earnings estimates, which is expensive for this top retailer, says CFRA Research analyst Zachary Warring.
CFRA's $100 price target represents a discount of 17% to current levels.
Related Content
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
New $6,000 'Senior Bonus' Deduction: What It Means for Taxpayers Over Age 65
Tax Changes If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.
-
Walmart Plus Members Will Soon Have Their Choice Between Two Streaming Services
Discover which streaming service is coming to the platform.
-
SPACs, SMRs and How to Invest in the Nuclear Insurgency
Big nuclear deployments are in process, but small modular reactors could be a better way to meet rapidly rising electric power demand.
-
10 Ways to Stay Safe From Grandparent Scams and Other Fraud, Courtesy of a Financial Planner
Scams are increasingly hard to detect, and anyone can be fooled, from older people to educated professionals. Here are 10 ways to avoid becoming a victim.
-
This Is How the Student Loan Bubble Is Primed to Pop, From a Student Funding Expert
Fueled by easy money, inflated tuition and high default rates, the student loan bubble mirrors the 2008 subprime mortgage crisis. We could be headed for a potential financial collapse. What can we do?
-
Big Tech Names Rise Above Broad Weakness: Stock Market Today
Some familiar names enjoyed solid rallies on the resolution of outstanding questions, but macro uncertainty hangs over the broader market.
-
Klarna IPO: Should You Buy KLAR Stock?
The Klarna IPO is expected to be one of the biggest offerings of the year, with the buy-now-pay-later firm expected to start trading next week.
-
Alphabet Stock Pops After Google Antitrust Ruling: What to Know
GOOGL stock is soaring Wednesday after a judge ruled that Alphabet does not have to divest its Chrome browser.
-
7 Mistakes to Avoid When You First Start Investing
Investing brings the opportunity to build wealth, but there are plenty of mistakes that can be made. Here are seven common ones and how they can be avoided.
-
A Fidelity Fund Misses Out on Soaring Bank Stocks
The Fidelity International Growth Fund has outperformed over the long term, but its lagging exposure to bank stocks has weighed on more recent returns.