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Research Alert: CFRA Maintains Sell Opinion On Shares Of The Tjx Companies, Inc.
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Research Alert: CFRA Maintains Sell Opinion On Shares Of The Tjx Companies, Inc.
Nov 19, 2025 11:36 AM

12:05 PM EST, 11/19/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month price target by $5 to $125, based on 25x our FY 27 EPS estimate and in line with the company's three-year average forward P/E multiple of 25.3x, reflecting our view the company deserves an above-peer multiple, in line with its recent average. We raise our FY 26 EPS estimate by $0.10 to $4.70 and FY 27 by $0.20 to $5.00. We find it hard to justify the company's current valuation. TJX posted normalized FQ3 EPS of $1.28 vs. $1.14, $0.06 above consensus estimates on revenues of $15.1B vs. $14.1B, $259M above consensus. By segment in FQ3, Marmaxx comparable store sales increased 6% Y/Y, HomeGoods increased 5%, TJX Canada increased 8%, and TJX Int. increased 3%. FQ3 gross margin expanded 100 bps Y/Y to 32.6% due to higher merchandise margin and expense leverage on higher sales. SG&A costs as a percentage of sales increased 60 bps to 20.1% due to incremental store wage and payroll costs, a contribution to the TJX Foundation, and higher incentive compensation accruals.

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