TJX Poised to Capture Market Share, Drive Growth, UBS Says

MT Newswires Live05-24

TJX (TJX) is capable of seizing "major market share" from department store peers in the coming years, UBS Securities said in a report emailed Thursday.

"We believe TJX's newer businesses such as HomeSense and Sierra Trading Post, have big potential," the report said.

Growth rates for e-commerce, seen by investors an "existential threat" to TJX's outlook, will ease over the next two years, underscoring the retailer's potential and expanding price-to-earnings ratio, UBS said.

On Wednesday, TJX reported fiscal Q1 earnings and revenue that rose more than expected by analysts. The company raised its earnings per share guidance for fiscal year 2025 and lowered its revenue outlook on expected foreign exchange headwinds, UBS said.

UBS forecast a 12% five-year EPS compound annual growth rate for TJX.

The firm raised its price target on TJX stock to $134 from $132 with a buy rating.

TJX shares fell 1% in recent trading Thursday.

Price: 100.11, Change: -1.01, Percent Change: -1.00

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