🐻 Bearish Takeaways

• Wells Fargo raised its price target to $145 from $140 while keeping an Equal Weight rating. Analyst Ike Boruchow acknowledged another strong quarterly performance and upside in revenue and gross margins amid a favorable buying environment but underscored that valuation remains an issue, suggesting much of the upside may already be priced in. The firm characterized the story as still working, but noted limits to further near-term appreciation.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

• TJX Companies has raised its full-year Fiscal 2026 guidance, now projecting consolidated comparable sales to increase by 4 percent. The company has also set an upgraded pretax profit margin target of 11.6 percent, with a diluted earnings per share outlook of $4.63 to $4.66. This represents 9 percent growth over the previous year.

• The company’s full-year consolidated sales guidance has been elevated, with expectations now in the range of $59.7 billion to $59.9 billion.

• For the fourth quarter of Fiscal 2026, TJX Companies anticipates comparable sales growth of 2 percent to 3 percent, a pretax profit margin between 11.7 percent and 11.8 percent, and diluted earnings per share expected to be between $1.33 and $1.36.

• The Fair Value Estimate has increased from $151.84 to $159.16 per share, reflecting a moderate reassessment upward.

• The Discount Rate has risen slightly, moving from 8.36% to 8.41%.

• The Revenue Growth Projection is up, increasing from 5.51% to 5.71%.

• The Net Profit Margin Estimate saw a modest uptick from 9.25% to 9.34%.

• The forecast for the future Price-to-Earnings (P/E) Ratio increased from 33.1x to 35.3x.

Narratives are a smarter, more dynamic way to invest. They let you connect the company’s story, your perspective on its future, to real numbers, forecasts, and a Fair Value. This helps you see how these elements come together. Narratives, available on Simply Wall St’s Community page, make it easy for millions of investors to track and update their views as news or earnings arrive. By comparing Fair Value to the current price, you can spot potential investment opportunities in real time.

If you want to see how the story behind TJX Companies’ impressive run is evolving, read the original Narrative and follow along:

• Keep up with how broad-based growth and higher store traffic are fueling ongoing revenue and market share gains for TJX.

• See how global expansion, stronger merchandising, and operational efficiencies are paving the way for higher margins and long-term profitability.

• Understand the key risks ahead, from digital competition to sourcing challenges, and how new updates are affecting the Fair Value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TJX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com