UBS Asserts Buy Rating on The TJX Companies, Inc. (TJX) Buoyed by Market Share Gains Prospects

TJX Companies Inc. (NYSE:TJX) is one of the best forever stocks to buy according to hedge funds. On December 16, UBS reiterated a Buy rating on TJX Companies Inc. (NYSE:TJX), impressed by the company’s market share gains against other department stores.

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The off-price retailer has been a major share gainer against department stores on sales and EBIT dollars for more than a decade. The trend was even stronger in the third quarter, affirming long-term growth potential amid international expansion initiatives.

Bernstein SocGen Group also reiterated similar sentiments on December 4, touting the stock as an Outperform with a $155 price target. The positive rating follows meetings with the company’s senior management that echoed solid performance metrics expected to trigger a consistent double-digit earnings algorithm.

Consequently, Bernstein expects the company to deliver a 13% compound annual growth rate from 2021 to 2025, asserting its ability to accelerate earnings growth amid challenges such as tariffs, consumer uncertainty, and supply volatility.

The TJX Companies, Inc. has reiterated its commitment to shareholder value, announcing a quarterly dividend of $0.425, payable on March 5, 2026. It will mark 46 consecutive years of dividend payments with the stock boasting an annual dividend yield of 1.11%.

The TJX Companies, Inc. (NYSE:TJX) is the world’s leading off-price retailer, selling brand-name apparel, home fashions, and other goods at 20% to 60% below department store prices. It operates stores like T.J. Maxx, Marshalls, HomeGoods, and Sierra.

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Disclosure: None. This article is originally published at Insider Monkey.