TJX Companies stock dips after Q2 earnings beat and Jefferies downgrade
Published on 09/03/2026 at 13:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
TJX Companies (ISIN US8725401090) stock closed at 131.44 USD on September 2, 2026, down 1.37% for the day and trading below recent analyst targets despite a Q2 earnings beat and solid full year guidance according to market data published by MarketBeat.
Q2 2026 earnings beat but only modest growth
According to a summary of recent TJX Companies results on MarketBeat, the off price apparel and home fashions retailer reported adjusted earnings per share of 1.22 USD for its second quarter ended around August 19, 2026, beating the analyst consensus of 1.19 USD by 0.03 USD.
The same MarketBeat overview states that TJX Companies generated quarterly revenue of 15.18 billion USD in this Q2 period versus a consensus expectation of 15.16 billion USD, a modest beat of 0.02 billion USD while revenue was up 5.4% compared to the same quarter a year earlier.
Guidance and analyst views create mixed picture
For the current fiscal year 2027, TJX Companies expects adjusted EPS in a range of 5.15 to 5.20 USD according to the MarketBeat data, which implies mid single digit growth compared to its recent performance and serves as a key anchor for investors assessing valuation.
The same guidance set by TJX Companies includes an outlook for third quarter 2027 adjusted EPS between 1.36 and 1.38 USD, indicating management anticipates further earnings expansion in the near term off the 1.22 USD achieved in the latest reported quarter.
An additional perspective comes from an analysis of TJX Companies performance compared with the S and P 500 on Barchart, which notes that on August 19, 2026 TJX shares fell more than 4% after the Q2 release despite the EPS beat and revenue growth, underlining investor sensitivity to valuation and expectations.
That Barchart analysis further highlights that Wall Street maintains a consensus Strong Buy rating on TJX Companies based on 23 analysts, with a mean price target of 171.18 USD suggesting a potential upside of around 28.4% from the recent 131.44 USD closing price cited in the MarketBeat data.
Jefferies downgrade on Milan listing adds DACH angle
While the analyst consensus is broadly positive, not all houses are equally optimistic. According to a report compiled by Fintel on September 3, 2026, Jefferies downgraded its outlook for TJX Companies shares traded on the Milan exchange under the symbol 1TJX from Buy to Hold on August 26, 2026.
The same Fintel overview cites an average one year price target of 157.84 EUR per share for TJX Companies on that European listing as of August 4, 2026, with the latest reported closing price at 115.50 EUR per share, implying a forecasted increase of 36.66% and providing a concrete reference point for investors in the DACH region following off price retail peers.
In addition, Fintel reports projected annual revenue of 63,253 million USD for TJX Companies with projected non GAAP EPS of 4.99 USD, which sit slightly below the companys own EPS guidance range and illustrate that some analyst expectations remain conservative despite the consensus Strong Buy stance.
TJX Companies fundamentals and stock data at a glance
For more structured information about TJX Companies fundamentals, recent filings and real time quote data, investors can consult dedicated issuer and market overview pages.
Off price retail model and brands
TJX Companies operates an off price business model focused on offering brand name and designer merchandise at discounts to traditional retail, primarily through banners such as T J Maxx, Marshalls, HomeGoods and TK Maxx in various markets.
These concepts rely on flexible buying, opportunistic purchasing of excess or close out inventory and rapid turnover in stores, which allows TJX Companies to adjust assortments quickly in response to changing consumer demand while maintaining attractive price points for value oriented shoppers.
TJX Companies stock below analyst targets
As of the closing on September 2, 2026 reported in the MarketBeat news overview, TJX Companies stock stood at 131.44 USD on the New York Stock Exchange, while the Barchart analysis referenced a mean analyst price target of 171.18 USD, placing the shares meaningfully below that level and indicating potential room for rerating if guidance is delivered.
TJX Companies stock key data
- Company: TJX Companies Inc.
- ISIN: US8725401090
- Ticker: TJX
- Trading venue: NYSE, secondary listings including Milan
- Price (as of September 2, 2026): 131.44 USD
- Sector / Industry: Consumer discretionary / Off price retail
- Index membership: S and P 500
