The TJX Companies, Inc. (NYSE:TJX) on Wednesday posted upbeat second-quarter results.
Net sales rose 5% year over year to $15.18 billion, beating the $15.17 billion analyst estimate. Adjusted diluted earnings rose 11% to $1.22 per share, beating the $1.19 estimate.
TJX raised its fiscal 2027 GAAP earnings guidance to $5.31 to $5.36 per share from $5.08 to $5.15. The new range is above the $5.21 analyst estimate. However, adjusted earnings guidance of $5.15 to $5.20 per share misses the $5.22 analyst estimate.
TJX also raised its adjusted pretax margin outlook to 12% to 12.1% and maintained comparable sales growth guidance of 3% to 4%.
Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., said, “I am very pleased with our above-plan consolidated results in the second quarter. Overall comparable sales increased 4%, above our plan, and both profitability and earnings per share well exceeded our expectations. While sales at Marmaxx were below our expectations, HomeGoods, TJX Canada, and TJX International all delivered terrific comp sales increases of 6% to 7%, which underscores the strength of our global diversified business.”
TJX shares fell 2.3% to trade at $141.28 on Thursday.
These analysts made changes to their price targets on TJX following earnings announcement.
- Evercore ISI Group analyst Michael Binetti maintained the stock with an Outperform rating and lowered the price target from $175 to $173.
- Wells Fargo analyst Ike Boruchow maintained the stock with an Equal-Weight rating and lowered the price target from $160 to $140.
- Barclays analyst Adrienne Yih maintained the stock with an Overweight rating and cut the price target from $190 to $188.
Considering buying TJX stock? Here’s what analysts think:
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