12:25 PM EDT, 05/21/2025 (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 $8 to $110, based on 24.5x our FY 26 (Jan.) EPS estimate and above the company's three-year average forward P/E multiple of 23.7x. We maintain our FY 26 and FY 27 EPS estimates of $4.50 and $4.75, respectively. TJX posted normalized Q1 EPS of $0.92 vs. $0.93, $0.01 above consensus estimates on revenues of $13.1B vs. $12.5B and $83M above estimates. By segment in Q1, Marmaxx revenues increased 4% Y/Y, HomeGoods increased 8%, TJX Canada increased 3%, and TJX International increased 8%. The company saw Q1 2025 pre-tax profit margin decline 80 bps Y/Y to 10.3% while gross margin declined 50 bps to 29.5% due to negative mark-to-market adjustments on inventory hedges. Inventory increased 7% as the company stated it was taking advantage of outstanding available inventory in the market and is well positioned for the summer. We continue to believe growth expectations and valuation are too high. Shares trade at 30x guidance for the year for a company growing mid-single digits.