The TJX Companies, Inc. (TJX) Gets Buy Rating on Market Share Expansion

The TJX Companies, Inc. (NYSE:TJX) ranks among the 14 safe stocks to buy now for a starter stock portfolio.

The TJX Companies, Inc. (TJX) Gets Buy Rating on Market Share Expansion

On March 4, UBS reaffirmed its Buy rating on The TJX Companies, Inc. (NYSE:TJX), with a price target of $193. According to the firm, TJX has the potential to capture significant market share from department store rivals in the coming years.

UBS states that TJX’s five-year CAGR in earnings per share is expected to be around 10.5%. The firm believes that a 30x price-to-earnings ratio is justified by this growth expectation.

Additionally, on February 26, Bernstein SocGen Group boosted its price target for The TJX Companies, Inc. (NYSE:TJX) to $175 from $170, maintaining an Outperform rating on the stock. The firm underlined the company’s outstanding year-end performance, including a 5% increase in fourth-quarter comparable sales plus a margin beat.

The TJX Companies, Inc. (NYSE:TJX) reported earnings per share of $1.43 in Q4, which exceeded the expected $1.39. Furthermore, the company exceeded its projected $17.36 billion in revenue, reaching $17.7 billion.

The TJX Companies, Inc. (NYSE:TJX) is the world’s leading off-price retailer, selling brand-name apparel, home fashions, and other goods at discounts compared to department store prices.

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