5 Best Dividend Growth Stocks to Buy and Hold for 3 Years

2. The TJX Companies, Inc. (NYSE:TJX)

5-Dividend Growth Rate: 27.54%

On May 21, Telsey Advisory analyst Dana Telsey raised the firm’s price recommendation on The TJX Companies, Inc. (NYSE:TJX) to $185 from $175. He reiterated an Outperform rating on the shares. The analyst said the company delivered a “strong start” to FY27, with first-quarter EPS coming in above expectations. The performance was driven by solid sales growth and favorable margins. Telsey also noted that broad-based comparable sales growth highlighted steady demand across the company’s portfolio.

On the same day, BTIG analyst Bob Drbul raised the firm’s price goal on TJX to $190 from $185. The analyst kept a Buy rating on the shares following the company’s Q1 earnings beat. Drbul said performance was broad-based across banners, with all segments exceeding expectations. In a research note, the analyst added that all divisions posted higher customer transactions, while profitability improved across banners. The gains were supported by stronger merchandise margins and expense leverage.

The TJX Companies, Inc. (NYSE:TJX) is an off-price apparel and home fashions retailer operating in the U.S. and international markets. Its segments include Marmaxx and HomeGoods in the U.S., along with TJX Canada and TJX International, which includes operations in Europe and Australia.