TJX Positioned For Market Share Gains: Analyst Notes Momentum In Sales And Margin Expansion

Goldman Sachs analyst Brooke Roach reiterated the Buy rating on TJX Companies, Inc. (NYSE:TJX) with a price forecast of $137.

Yesterday, the company reported third-quarter earnings per share of $1.14 (+11%), beating the street view of $1.09. Quarterly sales of $14.06 billion (+6%) beat the analyst consensus estimate of $13.95 billion.

TJX Companies reported a 3% increase in consolidated comparable store sales at the high end of the company’s plan, driven entirely by higher customer transactions.

Roach remains optimistic after the quarter, maintaining a “constructive view.”

The analyst is encouraged by TJX’s continued momentum in transaction-driven comparable sales across its various brands, as well as its ...

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