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Here’s What Analysts Think About TJX Stock Ahead of Earnings
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Main points
- TJX Companies will report its latest earnings before the market opens on Wednesday.
- The parent company of TJ Maxx and Marshall has a majority of buy ratings from analysts tracking Visible Alpha.
- Bank of America analysts said the company “outperformed the domestic retail sector.”
TJX Co., Ltd. (Tian Jiaxing) is set to Report earnings Before the market opened on Wednesday, analysts believed there was room for the stock to rise.
Of the 14 brokers tracked by Visible Alpha, 11 have Buy rating There are three sell ratings on the stock. The consensus price target is around $130, which is about 9% above Monday’s closing price.
Wall Street expects TJX, which owns TJ Maxx and Marshall’s, to report revenue of $13.93 billion, up 5% year over year, and earnings per share of $1.08, compared with $1.03 a year ago.
Bank of America, has $135 price target TJX said the company “is outperforming the retail sector domestically, has solid international growth opportunities (and) significant square footage growth potential.”
In 2024, TJX shares are up about 28%.
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