Here's What Analysts Think About TJX Stock Ahead of Earnings

Key Takeaways

• TJX Companies is set to report its latest earnings before the opening bell on Wednesday.
• The TJ Maxx and Marshall's parent has received mostly buy ratings from analysts tracked by Visible Alpha.
• BofA analysts say the company has "outperformed the retail industry domestically."

TJX Cos. (TJX) is set to report earnings before the market opens on Wednesday, and analysts see room for upward share movement.

Of the 14 brokers tracked by Visible Alpha, 11 have a buy rating on the stock, while three have sell ratings. The consensus price target is about $130, about 9% above Monday's close.

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 to $1.03 a year earlier. 

Bank of America, which has a $135 price target on TJX, said the company “has outperformed the retail industry domestically, has a solid international growth opportunity [and] significant square footage growth potential.”

Shares of TJX have gained about 28% in 2024.

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