The TJX Companies (TJX) PT Raised to $155 at Barclays
Barclays analyst Adrienne Yih raised the price target on The TJX Companies (NYSE: TJX) to $155.00 (from $147.00) while maintaining a Overweight rating.
The analyst comments "Offsetting Tariffs with Best-in-Class Operating Model. TJX posted another solid quarter with a beat on sales, GM, OM, and EPS. The company saw comps of +4% (consensus +3.1%) and EPS of $1.10 (consensus $1.01) driven by better GM, despite the negative impact from tariffs and SG&A leverage as the company continues to operate its best-in-class off-price model with discipline and efficiency, though we note there was a shift of expenses from 2Q25 into 3Q25. TJX's 2Q25 results reinforce our continued belief that TJX and Off-Price more broadly should see tailwinds from better merchandise in the marketplace, strong value proposition, and flexible operating model, which can offset the incremental tariff pressure on the business, evident in 2Q25 as merchandise margins remained flat despite tariffs. Though the company's 3Q25 guidance came in below consensus expectations, the company cited that 3Q25 was off to a strong start and we believe the company is well positioned from both an inventory and operational perspective to continue that momentum throughout the back-to-school and the holiday seasons. Additionally, despite the incremental negative impacts from tariffs, we believe TJX's model is agile enough for management to beat updated FY25 guidance, while offsetting the tariff headwinds driven by its best-in-class merchandising team's ability to capitalize on the availability of quality and fresh product within the marketplace. Within Off-Price, TJX remains our favorite name, and we reiterate our Overweight rating given: 1) exposure to higher HH income bracket over $75,000; 2) the ability to strategically take price, particularly in the HomeGoods segment; 3) global footprint poised for growth; and 4) a proven track record of operating as the best-of-breed in Off-Price. In reaction and on 8/20/25, TJX shares closed +2.7% versus S&P 500 -0.2%"