BofA and BTIG Raise TJX Price Targets to $175 and $185 Post Q4 Beat
BofA lifted its price target on The TJX Companies to $175 from $168, and BTIG raised its target to $185 from $165 after the retailer reported $17.7 billion in Q4 net sales, up 9%, and $1.58 EPS, up 28%. Full-year net sales climbed 7% to $60.4 billion with comps rising 5%.
1. Price Target Increases
BofA lifted its price target on The TJX Companies to $175 from $168, citing margin and sales outperformance and a strong Q1 start. BTIG followed by raising its target to $185 from $165 while maintaining a Buy rating after the Q4 earnings beat.
2. Q4 Financial Results
In fiscal Q4, TJX reported net sales of $17.7 billion, a 9% increase year-over-year, and consolidated comparable sales up 5%. Net income reached $1.8 billion, driving diluted EPS of $1.58, up 28% from $1.23 a year earlier.
3. Full-Year Performance
For the fiscal year ended January 31, 2026, TJX achieved net sales of $60.4 billion, up 7% versus the prior year, with consolidated comparable sales also rising 5%. The off-price retailer sustained share gains across its banners, including T.J. Maxx and HomeGoods.
4. Fiscal 2027 Outlook
Management provided initial fiscal 2027 guidance, highlighting continued share gains from existing customers and further benefits from trade-down trends. The company signaled a strong Q1 start, underpinning analyst optimism reflected in the higher price targets.