Street View: Pricing offsets TJX's tariff hit

The TJX Companies

20/11/2025 19:46

** Shares of off-price retailer TJX TJX.N up 1.5% at $148.10 in afternoon trading

** Co lifts annual sales and profit forecast, betting on wide-sourcing network and seasonal assortments

** At least 7 brokerages raised PT

** Median PT of 21 brokerages is $165 — data compiled by LSEG

GAINS ON TARIFF RESILIENCE AND MARGIN STRENGTH

** Wells Fargo ("Equalweight", PT: $145): Expected to continue to offset tariff impacts in Q4, with gross margin guided to more expansion

** Citi ("Buy", PT: $168): Sees TJX and off-price model to thrive in the current environment, with dislocation from tariffs driving product availability and consumers increasingly
searching for value

** BofA ("Buy", PT: $168): Strong comps were aided by price increases, as management did not call out transactions as the key comp driver

**Morgan Stanley ("Overweight", PT:$162): Tariff resilience, structurally higher margins merit premium valuation on stock

(Reporting by Koyena Das)

((Koyena.das@thomsonreuters.com))