TJX Companies

TJX · NYSE

$146.99−$0.37 (−0.25%)TodayMarket closed · Oct 20, 7:48 PM ET

Prev close $147.36

TJX analyst rating

BuyConsensus of 18 analysts over the last 12 months. 83% rate it a buy.

Strong buy0
Buy15
Hold3
Underperform0
Sell0

12-month price target · 22 analysts

Average $172.68 (+17.5% upside)

Low: $128.77
Now: $146.99
High: $207.90

Upgrades and downgrades

The latest rating actions, newest first

TJX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Jefferies	Aug 26, 2026	Downgrade	Buy → Hold	$180.00 → $145.00	59%
Citigroup	Aug 20, 2026	Downgrade	Buy → Neutral	$182.00 → $154.00	53%
Morgan Stanley	Aug 20, 2026	Maintains	Overweight	$181.00 → $178.00	33%
UBS	Aug 20, 2026	Maintains	Buy	$197.00 → $198.00	50%
BTIG	Aug 20, 2026	Maintains	Buy	$190.00	55%
Barclays	Aug 20, 2026	Maintains	Overweight	$190.00 → $188.00	55%
Wells Fargo	Aug 20, 2026	Maintains	Equal-Weight	$160.00 → $140.00	54%
Evercore ISI Group	Aug 20, 2026	Maintains	Outperform	$175.00 → $173.00	55%
Gordon Haskett	Aug 20, 2026	Downgrade	Buy → Accumulate	$155.00	64%
UBS	May 21, 2026	Maintains	Buy	$193.00 → $197.00	50%

The case for and against

Updated Oct 14, 2026

Bull case

TJX Companies is favored for its powerful off-price model, which pairs branded merchandise at meaningful discounts with a “treasure hunt” shopping experience that consistently drives traffic, basket growth, and rapid inventory turnover. The company’s scale across more than 5,000 stores, 1,300 buyers, and more than 21,000 vendors in 100 countries supports differentiated sourcing, while FY26 sales of roughly $60 billion and broad geographic diversification across Marmaxx, HomeGoods, Canada, and international banners reinforce resilience. Even with occasional banner-level execution issues, TJX has shown it can restore performance, expand margins, and convert its strong balance sheet and cash generation into continued market share gains and shareholder returns.

Bear case

TJX Companies is facing a negative outlook because recent softness in Marmaxx appears to reflect self-inflicted execution problems in merchandise mix and allocation, not a strengthening trend that offsets broader business risks. The company’s scale, with roughly $60 billion in fiscal 2026 sales across more than 5,000 stores, is a strength, but the off-price model remains vulnerable if consumer demand weakens, inflation persists, tariffs rise, or vendor supply tightens as the segment keeps growing. Competitive intensity, higher labor costs, and a more promotional retail environment could further pressure margins and the value proposition, especially if execution issues continue to limit sales momentum.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.