TJX Analysts Increase Their Forecasts After Upbeat Earnings

Core Insights - TJX Companies reported better-than-expected earnings for its third quarter, with earnings per share of $1.14, an 11$1.09 [2] - Quarterly sales reached $14.06 billion, a 6$13.95 billion [2] - The company experienced a 3% increase in consolidated comparable store sales, driven by higher customer transactions, particularly noting a 7% comp increase in the TJX International division [2] Financial Guidance - For the fourth quarter, TJX expects GAAP EPS to be between $1.12 and$1.14, below the consensus estimate of $1.17 [2] - The company anticipates consolidated comparable store sales to increase by 2$4.15 – $4.17, slightly above the prior guidance and in line with the consensus of$4.16, with an expected 3% increase in consolidated comparable store sales for the full year [2] Analyst Ratings and Price Targets - Following the earnings announcement, analysts adjusted their price targets for TJX, with Deutsche Bank maintaining a Buy rating and raising the target from $130 to$131 [2] - Evercore ISI Group maintained an Outperform rating and increased the price target from $138 to$142 [2] - Telsey Advisory Group also maintained an Outperform rating with a price target of $134 [2] - The consensus price target for TJX Companies is$12.04 based on the ratings of 25 analysts, with the highest target at $14 from UBS [2]