These Analysts Boost Their Forecasts On TJX Companies After Upbeat Q2 Earnings

TJX Companies Inc TJX reported better-than-expected second-quarter earnings.

TJX reported second-quarter FY24 sales growth of 8% year-on-year to $12.76 billion, beating the analyst consensus estimate of $12.45 billion. EPS of $0.85 beat the analyst consensus of $0.77.

TJX now plans overall comparable store sales to be up 3%-4% (prior view up 2%-3%) for FY24. The company raised FY24 adjusted EPS outlook to $3.56 - $3.62 (prior view $3.39 - $3.48) against the consensus of $3.59.

For the third quarter, TJX expects comparable store sales to be up 3% to 4%. It expects EPS of $0.95 - $0.98, against the consensus of $0.96.

TJX shares gained 4.1% to close at $89.31 on Wednesday but lost 0.3% in today’s pre-market trading session.

These analysts made changes to their price targets on TJX following earnings announcement.

  • Telsey Advisory Group increased the price target on TJX from $95 to $100. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating.
  • Barclays boosted the price target on TJX from $101 to $107. Barclays analyst Adrienne Yih maintained an Overweight rating.
  • B of A Securities raised the price target on TJX from $94 to $102. B of A Securities analyst Lorraine Hutchinson maintained a Buy rating.
  • Baird increased the price target on TJX from $90 to $96. Baird analyst Mark Altschwager maintained an Outperform rating.
  • Wells Fargo raised the price target on TJX from $80 to $88. Wells Fargo analyst Ike Boruchow maintained an Equal-Weight rating.
  • BMO Capital boosted the price target on TJX from $85 to $95. BMO Capital analyst Simeon Siegel maintained an Outperform rating.

Check This Out: Walmart, Cisco And 3 Stocks To Watch Heading Into Thursday

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidancePrice TargetPre-Market OutlookMarketsAnalyst RatingsPT Changes
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!