TJX hits record high after raising annual profit forecast

The TJX Companies

20/08/2025 15:28

Updates

** Shares of TJX Companies TJX.N up as much as 8.1% to a record high of $145.58 in early trade after annual profit forecast raise

** Co expects diluted earnings per share in the range of $4.52 to $4.57 vs previous expectations of $4.34 to $4.43, betting on resilient demand, limited tariff impact

** Brokerage JP Morgan raises PT to $148 from $145

** Says TJX sees upside to same-store sales as its strong value offering and off-price buying model widen the price gap with traditional retailers amid tariff pressure

** The TJ Maxx parent also beat Q2 profit and rev estimates

** Up to last close, shares up about 12% YTD

 (Reporting by Anshi Sancheti in Bengaluru)

 ((Anshi.Sancheti@thomsonreuters.com))