The TJX Companies Price Target Raised to $172 After $60B Sales and 5% Same-Store Growth
Baird raised its price objective to $172 from $168 after The TJX Companies posted Q4 results beating estimates across all four divisions, with annual sales topping $60 billion and same-store sales up 5%. HomeGoods saw 6% same-store growth and TJX International 4%, while Marmaxx and TJX Canada registered 5% and 7%.
1. Strong Q4 Results and Price Objective Increase
Analyst Mark Altschwager at Baird raised the price objective on The TJX Companies to $172 from $168 after the company reported Q4 sales surpassing $60 billion for the first time and same-store sales rising 5%, outpacing the 3.7% consensus. All four operating divisions—Marmaxx, HomeGoods, TJX Canada and TJX International—exceeded expectations, with HomeGoods up 6%, TJX International up 4%, Marmaxx up 5% and TJX Canada up 7%.
2. Jim Cramer's Positive Remarks
Television commentator Jim Cramer praised The TJX Companies for a "terrific" quarter, highlighting strong performances at HomeGoods, Marshalls and T.J. Maxx. He suggested that market pullbacks could offer buying opportunities, reinforcing confidence in the company’s off-price retail model and urging investors to wait for dips before entering.