Tariff Stocks: 20 Stocks to Benefit From Onshoring Boom

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

Number of Hedge Fund Holders: 77

The TJX Companies, Inc. (NYSE:TJX) ranks among the stocks to benefit from an onshoring boom. On July 7, UBS reaffirmed its Buy rating and $164 price target for The TJX Companies, Inc. (NYSE:TJX), pointing to department stores’ projected rises in market share over the upcoming years.

UBS analyst Jay Sole identified a number of TJX growth drivers, such as the company’s more recent business divisions HomeSense and Sierra Trading Post, which it believes have ample room to grow.

The firm also pointed to TJX’s global operations as an additional growth avenue, which helped support UBS’s prediction of about 11% five-year earnings per share compound annual growth rate.

Additionally, the analyst noted that possible U.S. tariff scenarios might cause inventory disruptions throughout the retail industry in 2026, which might assist TJX’s off-price business strategy.

The TJX Companies, Inc. (NYSE:TJX) is a well-known off-price clothing and home fashion retailer. Its store brands include the likes of T.J. Maxx, Marshalls, and HomeGoods, as well as international names such as T.K. Maxx and Winners.