Analysts Are Saying TJX Companies Is a Buy Despite Lackluster Quarterly Earnings. Are They Right?
TJX Companies (NYSE: TJX), the retail conglomerate that owns TJ Maxx and Marshall's, didn't wow the market with its most recent quarterly performance. In mid-May it published first-quarter of its fiscal 2026 results that disappointed investors, who traded out of the company's stock mainly due to weaker-than-expected guidance. Somewhat counter-intuitively, however, a clutch of analysts tracking TJX stock reiterated their bullish takes on the company, with several going so far as to raise their price targets. Let's unpack the reasons for this and determine whether such optimism is justified.One indisputably positive element of TJX's first quarter was that the company managed to grow its most crucial sales figures. Its top line was slightly over $13.1 billion, representing improvement of 5% on a year-over-year basis -- rather a high rate for a discount retailer, and one that's been in the game as long as TJX. That top-line number also exceeded the consensus analyst estimates, if only slightly. Continue reading
TJX Companies (NYSE: TJX), the retail conglomerate that owns TJ Maxx and Marshall's, didn't wow the market with its most recent quarterly performance. In mid-May it published first-quarter of its fiscal 2026 results that disappointed investors, who traded out of the company's stock mainly due to weaker-than-expected guidance.
Somewhat counter-intuitively, however, a clutch of analysts tracking TJX stock reiterated their bullish takes on the company, with several going so far as to raise their price targets. Let's unpack the reasons for this and determine whether such optimism is justified.
One indisputably positive element of TJX's first quarter was that the company managed to grow its most crucial sales figures. Its top line was slightly over $13.1 billion, representing improvement of 5% on a year-over-year basis -- rather a high rate for a discount retailer, and one that's been in the game as long as TJX. That top-line number also exceeded the consensus analyst estimates, if only slightly.
