Citi analyst Paul Lejuez maintained a Buy rating on TJX Companies today and set a price target of $140.00.
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Paul Lejuez has given his Buy rating due to a combination of factors including the expectation of TJX Companies’ earnings per share (EPS) slightly exceeding consensus estimates for the second quarter. He anticipates an EPS of $1.04, which is higher than both the Factset consensus of $1.01 and the company’s guidance range of $0.97 to $1.00. This positive outlook is supported by comparable store sales growth projections and management’s potential to raise full fiscal year guidance, reflecting confidence in product availability and the ability to manage tariff pressures.
Despite TJX trading at a premium compared to its peers, Lejuez sees a favorable risk/reward scenario, particularly given the company’s less crowded long positioning relative to the previous quarter. Additionally, foot traffic data indicates accelerating trends across TJX’s store concepts, further bolstering the positive outlook. These elements, combined with the potential for management to adjust guidance upwards, contribute to Lejuez’s Buy rating for TJX Companies.
In another report released on August 5, TD Cowen also maintained a Buy rating on the stock with a $145.00 price target.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TJX in relation to earlier this year.