TJX Stock: Wall Street Stays Bullish After Earnings
TJX stock is trading lower Wednesday despite the TJ Maxx owner's beat-and-raise quarter, but analysts aren't worried. Here's why.


TJX Companies (TJX) stock is lower Wednesday even after the off-price retailer and TJ Maxx parent beat top- and bottom-line expectations for its fiscal 2025 third quarter and raised its full-year outlook.
In the 13 weeks ended November 2, TJX's revenue increased 6% year over year to $14.1 billion, driven by comparable-store sales growth across all its brands and geographies, including 2% combined growth at TJ Maxx, Marshalls and Sierra and 3% collective growth at HomeGoods and HomeSense stores across its U.S. stores.
The retailer also said its earnings per share (EPS) rose 10.7% from the year-ago period to $1.14.

Sign up for Kiplinger’s Free E-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.
"Our comparable-store sales increase of 3% was at the high-end of our plan, and both pretax profit margin and earnings per share came in well above our expectations," said TJX CEO Ernie Herrman in a statement. "Across the Company, customer transactions drove our comparable-store sales increases, which tells us that our values and treasure hunt shopping experience are appealing to a wide range of customers."
The results beat analysts' expectations. Wall Street was anticipating revenue of $13.95 billion and earnings of $1.10 per share, according to Yahoo Finance.
As a result of its "above-plan profitability results in the third quarter," TJX raised its full-year profit forecast. It now expects to achieve EPS in the range of $4.15 to $4.17, up from its previous forecast of $4.09 to $4.13. Management added that it continues to anticipate consolidated comparable-store sales to rise 3%.
For the fourth quarter, TJX said it expects to achieve comparable-store sales growth in the range of 2% to 3% and earnings per share between $1.12 to $1.14. However, the midpoint of this range, $1.13 per share, came up short of the average analyst estimate of approximately $1.18 per share.
"The fourth quarter is off to a strong start, and we are excited about our opportunities for the holiday selling season," Herrman said.
Is TJX stock a buy, sell or hold?
TJX has slightly outperformed the broader market in 2024, up 29% for the year to date on a total return basis (price change plus dividends) vs the S&P 500's 26% gain. And Wall Street is bullish on the consumer discretionary stock.
According to S&P Global Market Intelligence, the average analyst target price for TJX stock is $126.55, representing implied upside of roughly 7% to current levels. Meanwhile, the consensus recommendation is a Buy.
Financial services firm UBS Global Research is one of the more bullish outfits on TJX stock with a Buy rating and $148 price target.
"We think TJX's sales and EPS outlooks justify a premium valuation," said UBS analyst Jay Sole in a November 11 note. "We see TJX as a defensive stock well-positioned to continue to take market share from weaker channels, such as department stores. This should allow the company to deliver solid comparable-store sales growth and fixed cost leverage."
Related Content
- Kiplinger's Earnings Calendar for This Week
- Target Is the Worst S&P 500 Stock After Earnings. Here's Why
- Why Walmart Stock's a Buy After Its Beat-And-Raise Quarter
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.
-
Investing Abroad Could Pay Off — Here's How
Countries overseas are stimulating their economies, and their stocks are compelling bargains.
-
Retire in Belize for Stunning Natural Beauty and Culture
Belize offers miles of protected land and ocean, a rich mix of cultures and a chill lifestyle. Best yet — the income requirement is just $2K per month.
-
Why Investing Abroad Could Pay Off
Countries overseas are stimulating their economies, and their stocks are compelling bargains.
-
Are These the Next Stocks to Split?
Interactive Brokers' recently split its stock to makes its shares more accessible to investors. Could these high-priced stocks be next?
-
Your Home + Your IRA = Your Long-Term Care Solution
If you're worried that long-term care costs will drain your retirement savings, consider a personalized retirement plan that could solve your problem.
-
I'm a Financial Planner: Retirees Should Never Do These Four Things in a Recession
Recessions are scary business, especially for retirees. They can scare even the most prepared folks into making bad moves — like these.
-
A Retirement Planner's Advice for Taking the Guesswork Out of Income Planning
Once you've saved for retirement, you'll need your nest egg to support you for as many as 30 years. For that, you need a clear income strategy, not guesswork.
-
Stock Market Today: Stocks Swing as Trump Scraps Canada Trade Talks
Despite a mid-afternoon slip, the S&P 500 and Nasdaq ended the day at new record highs.
-
Why Smart Retirees Are Ditching Traditional Financial Plans
Financial plans based purely on growth, like the 60/40 portfolio, are built for a different era. Today’s retirees need plans based on real-life risks and goals and that feature these four elements.
-
To My Small Business: Well, I've Been Afraid of Changin', 'Cause I've Built My Life Around You
While thinking about succession planning might feel like anticipating a landslide (here's to you, Fleetwood Mac), there are strategies you can implement to manage the uncertainty and the transition.