TJX
Wall Street still likes the treasure hunt
TJX just walked away with a pretty friendly stamp from Wall Street: 25 analysts now average out to a Buy with a $167.55 12-month target. A few firms got even more bullish, with Barclays moving its target to $183 and Deutsche Bank nudging up to $184.
The business is still doing the retail equivalent of a magic trick
This isn’t just analysts daydreaming. TJX also beat on the quarter, posting $1.43 in EPS versus $1.38 expected and $17.74 billion in revenue versus $17.36 billion. Revenue grew 8.5% year over year, which is the kind of steady traffic investors love when the broader consumer backdrop can feel a little moody.
Bonus round: dividend up, insider sale on the side
TJX also raised its quarterly dividend to $0.48 from $0.43, which signals management still has enough confidence to hand shareholders a little more cash. At the same time, CEO Ernie Herrman sold 30,000 shares for about $4.83 million — not exactly a great dinner-table headline, but also not the kind of insider move that automatically means doom. Executives sell stock for a million different reasons; investors usually care more about whether the business itself keeps humming.
Why you should care
For TJX, the bigger story is that off-price retail is still looking annoyingly resilient. If consumers keep hunting for bargains, TJX’s treasure-chest model can keep working its weird little economics. Big picture: analysts are still leaning bullish, and the company keeps giving them reasons not to change their minds.