Telsey Advisory lifts outlook to $175 target as sales rise 5% and net sales top $60B
Telsey Advisory raised its TJX price target to $175 from $170 and kept an Outperform rating following a Q4 where comparable sales rose 5% across all divisions. For the first time, full-year net sales topped $60 billion, profitability improved, and EPS grew double digits.
1. Price Target Increase
On February 26, Telsey Advisory increased its price target for The TJX Companies to $175 from $170 and maintained an Outperform rating, reflecting confidence in the retailer’s continued resilience despite macro uncertainty.
2. Q4 and Full-Year Performance
In Q4 2025, TJX reported a 5% gain in comparable sales across all divisions, leading to net sales exceeding $60 billion for the first time, while full-year comparable sales rose 5%, profitability improved meaningfully, and earnings per share grew double digits.
3. Investment in Store Experience
The company invested in marketing, launched new store formats, and remodeled existing locations to refresh the shopping environment and sustain its treasure-hunt-style model that drives customer engagement.
4. Long-Term Retail Strategy
CEO Ernie Herrman emphasized confidence in the enduring strength of physical retail, noting that in-store shopping remains central to TJX’s approach and will underpin future growth.