TJX Companies (TJX) stock was up on Wednesday after the retailer reported earnings results for Q2. The TJ Maxx parent company reported adjusted earnings per share of $1.10, which beat Wall Street’s estimate of $1.01. It also represented a 14.58% increase year-over-year from 96 cents.
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TJX Companies reported revenue of $14.4 billion, another beat compared to analysts’ estimate of $14.13 billion. Revenue also increased 6.9% from the $13.47 billion reported in the same period of the year prior. CEO Ernie Herrman said, “Customer transactions were up at every division as we saw strong demand at each of our U.S. and international businesses.”
TJX Companies stock was up 3.86% on Wednesday, extending a 16.83% year-to-date rally and 11.97% increase over the past 12 months.
TJX Companies Guidance
TJX Companies also increased its full-year Fiscal 2026 outlook in its latest earnings report. The company now expects adjusted EPS between $4.52 and $4.57, compared to prior guidance of $4.34 to $4.43. For comparison, the low end of its new guidance is above Wall Street’s estimate of $4.51 per share.
TJX Companies also likely gained alongside trouble at rival retailer Target (TGT). While Target reported EPS and revenue that beat estimates, its sales dropped year-over-year. This has been an ongoing problem for the company. Additionally, Target announced the replacement of CEO Brian Cornell.
Is TJX Companies Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for TJX Companies is Strong Buy, based on 17 Buy and a single Hold rating over the past three months. With that comes an average TJX stock price target of $144.82, representing a potential 3.57% upside for the shares. These ratings and price targets will likely change as analysts update their coverage after today’s earnings report.
