TJX Analysts Boost Their Forecasts After Upbeat Results
Portfolio Pulse from Avi Kapoor
TJX Companies, Inc. (NYSE:TJX) reported better-than-expected Q1 FY25 results, with sales growth of 5.9% YoY to $12.479 billion and EPS of 93 cents, both beating analyst estimates. The company plans to repurchase $2-$2.5 billion in fiscal 2025 and expects FY25 EPS of $4.03-$4.09. Analysts have raised their price targets for TJX following the results.
May 23, 2024 | 12:06 pm
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POSITIVE IMPACT
TJX Companies reported strong Q1 FY25 results, beating both sales and EPS estimates. The company plans significant share repurchases and has raised its FY25 EPS guidance. Analysts have responded positively by raising their price targets.
The better-than-expected financial results and raised guidance indicate strong performance and future prospects for TJX. The positive analyst reactions and increased price targets further support a likely short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100