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The program provides 40 participants with expert-led programming, peer connections and practical support to help them pursue what matters most to them FRAMINGHAM, Mass., Sept. 9, 2026 /PRNewswire/ -- Marshalls (NYSE: TJX) announced today that applications are now open for year three of The Marshalls Good Stuff Accelerator Program, a virtual, 12-month experience designed to help 40 participants turn their personal and professional ambitions into action.

Dividend stocks can be great buys when they're trading near their lows. Their yields are higher than normal, and at low valuations, there may be room for them to rally. The key thing, however, is for investors to understand the risks of doing so, because not all dividend stocks are necessarily safe buys, and high yields could also raise red flags.

Three dividend stocks that have been struggling and that are trading near their 52-week lows right now include PepsiCo (PEP -0.66%), TJX Companies (TJX -0.08%), and Nike (NKE -0.95%). Here's a look at how high their yields have gotten, and if these stocks could make for great income investments right now, or if investors are better off steering clear of them.

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PepsiCoBeverage and snack giant PepsiCo currently pays investors a dividend that yields 4.3%. Over the past 12 months, the stock has fallen by more than 6%, and it's trading near its 52-week low of $133.73.

The company has a solid portfolio of top brands, centered around its Pepsi beverages and Lay's potato chips. There isn't anything inherently risky with the business itself, as it has been generating solid numbers, but it may simply not be doing enough to win investors over. Through the first two quarters of the year, its revenue has grown by just 2.5% organically.

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While its growth may not be all that exciting, that doesn't mean the stock can't still make for an excellent dividend investment. Its yield is high, and with a payout ratio of 75%, there aren't any glaring concerns about the stock's dividend. Trading at just 18 times its trailing earnings, this can be a great dividend investment to buy right now.

TJX CompaniesShares of TJX are down 14% since the beginning of the year, pushing its yield up to around 1.5%. While that isn't terribly high, it's still better than the S&P 500 average of around 1.1%.

The off-price retailer has been doing well in recent quarters and posted solid 4% comparable sales growth in its most recent period, which went up until Aug. 1. It's a decent growth rate, but unfortunately, when a retail stock is trading at a rich valuation, as TJX has been, it can be vulnerable to a decline despite a good performance.

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Currently, the stock trades at around 25 times its trailing earnings, and earlier in the year it was north of 30 -- a high multiple to pay for this type of business. The biggest knock on TJX may simply have been its inflated valuation. While it's a good long-term buy, I'd wait for a deeper dip in its price before buying it, as it's still a bit expensive.

NikeRounding out this list is Nike, which has been on the biggest decline of the three. It's already down about 40% in 2026, as its turnaround efforts have failed to convince investors it's on the right track. Growth has been hard to come by, and there's no guarantee things will get any better for the apparel company in the near term.

Nike's yield is up to 4.3% right now, which is far higher than normal, indicating just how steep the decline has been; five years ago, its yield was less than 1%. The problem is that, given the stock's tremendous decline in recent years, the high yield is a bad sign rather than a positive one.

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Due to uncertainty around the company's future and question marks about its turnaround efforts, Nike isn't a stock I'd buy for its yield. The dividend may need to be cut in the future if things don't go as planned and the business needs to divert greater resources toward its growth strategy.

Investors with an interest in Retail - Discount Stores stocks have likely encountered both Dollar General (DG) and TJX (TJX). But which of these two stocks offers value investors a better bang for their buck right now?

Peter Lynch built an impressive track record as the fund manager for Fidelity's Magellan Fund. Under his stewardship, from 1977 to 1990, the fund beat the S&P 500 index in 11 out of the 13 years. And it produced an impressive 29% average annual return.

Fortunately, Lynch shares his wisdom in a book called One Up on Wall Street. He describes his philosophy, which is buy what you know, research the company's fundamentals, and plan to make a long-term commitment.

With this in mind, here are two consumer goods companies that fit the bill.

Image source: Getty Images.

1. Costco Many people continue to shop at Costco Wholesale's (COST -0.17%) giant warehouses. If you've ever gone into one, you can usually see a crowd.

What makes Costco so special? After all, members pay an annual fee for the privilege. It offers a wide range of high-quality goods and services at low unit prices. It can do that by often offering items in bulk sizes.

Digging deeper into the numbers, membership retention and growth bear out Costco's continued appeal. Global renewal rates were about 90% in the fiscal third quarter (ended May 10), in line with historical retention rates. Meanwhile, paid members increased from 82.1 million to 82.9 million over the quarter.

Costco's same-store sales (comps) continue to grow, with a sharp 6.6% increase last quarter, after excluding foreign-currency translation effects and gasoline sales. This helped drive diluted earnings per share 15.2% higher versus a year ago, to $4.93.

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The company also still has a growth opportunity. It has been expanding, opening more than 20 warehouses annually. During the first three quarters of this year, management expanded by 16 locations and announced it would open another 13 in the last three months of the year.

2. TJX Companies TJX Companies' (TJX -0.90%) retail store banners include TJ Maxx, Marshalls, and HomeSense. It sells merchandise like apparel, accessories, and furniture at steep discounts (20% to 60%) compared to other retailers.

It can do this because it buys merchandise that manufacturers need to sell for various reasons. These include faltering demand, canceled orders from other retailers, and out-of-season items.

Management buys opportunistically, and shoppers "treasure hunt," or seek items at attractive prices. This appeals to people, but particularly during tough economic times, when consumers can buy more goods at attractive prices.

TJX Companies' brands have continued to post impressive comps. Fiscal second-quarter comps gained 4% and were higher across all of its divisions. Diluted earnings per share grew 23.6% year over year to $1.36. The period ended on Aug. 1.

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Management continues to see room for expansion. It opened 129 new stores last year and 71 during the first half of this year. TJX had 5,285 stores as of Aug. 1.

TJX (TJX - Free Report) has been on a downward spiral lately with significant selling pressure. After declining 10% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.

RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.

Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.

So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.

However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.

Why TJX Could Bounce Back Before LongThe heavy selling of TJX shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 25.76. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.

This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering TJX in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 1% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.

Moreover, TJX currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

The Investment Committee debate the latest Calls of the Day and whether it's time to buy Utilities.

Charlie O'Shea offers his perspective on the retail trade after Walmart (WMT), Ross Stores (ROST), and Target (TGT) posted varying earnings results. Focusing more on TJX Companies (TJX), he sees the stock's sell-off after earnings as a buying opportunity.

The TJX Companies, Inc. (NYSE:TJX) on Wednesday posted upbeat second-quarter results.

Net sales rose 5% year over year to $15.18 billion, beating the $15.17 billion analyst estimate. Adjusted diluted earnings rose 11% to $1.22 per share, beating the $1.19 estimate.

TJX raised its fiscal 2027 GAAP earnings guidance to $5.31 to $5.36 per share from $5.08 to $5.15. The new range is above the $5.21 analyst estimate. However, adjusted earnings guidance of $5.15 to $5.20 per share misses the $5.22 analyst estimate.

TJX also raised its adjusted pretax margin outlook to 12% to 12.1% and maintained comparable sales growth guidance of 3% to 4%.

Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., said, “I am very pleased with our above-plan consolidated results in the second quarter. Overall comparable sales increased 4%, above our plan, and both profitability and earnings per share well exceeded our expectations. While sales at Marmaxx were below our expectations, HomeGoods, TJX Canada, and TJX International all delivered terrific comp sales increases of 6% to 7%, which underscores the strength of our global diversified business.”

TJX shares fell 2.3% to trade at $141.28 on Thursday.

These analysts made changes to their price targets on TJX following earnings announcement.

Evercore ISI Group analyst Michael Binetti maintained the stock with an Outperform rating and lowered the price target from $175 to $173. Wells Fargo analyst Ike Boruchow maintained the stock with an Equal-Weight rating and lowered the price target from $160 to $140. Barclays analyst Adrienne Yih maintained the stock with an Overweight rating and cut the price target from $190 to $188. Latest Private Market Opportunities

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TJX Companies' NASDAQ: TJX stock price disconnected from reality when it plunged following its fiscal Q2 2027 release. While some metrics were lackluster, the tepidness was relative to a high bar. The results were strong, the outlook robust, and the cash flow continues.

TJX Companies Today

TJX

TJX Companies

$141.18 -3.32 (-2.30%)

As of 10:17 AM Eastern

This is a fair market value price provided by Massive. Learn more.

$134.74▼

$170.001.36%

27.33

$174.95

That disconnect triggered a buy signal worth investors' attention. Technically, the stock fell beneath the near-term support target of $148.50 and confirmed it for the fourth time. In this scenario, TJX isn’t topping out; rather, it is consolidating in preparation for the next run higher, which will likely begin before year’s end.

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Reasons for the price plunge include weak results in the core Marmaxx division and Q3 guidance. Marmaxx comps grew only 1%, below expectations, but strengths in all other segments offset it. All other reporting segments, including Home Goods, TJX Canada and TJX International, grew 6% or 7%, prompting management to accelerate its growth plans. The plan is to accelerate store-count growth to 4% annually, with an increased total target of 7,500 stores. That represents a nearly 50% increase in store count, setting the stage for growth in business and stock price.

Q3 guidance is a bigger concern, but it's offset by an equally large upside. Near-term, Q3 profit targets are slightly below consensus but still call for sequential and year-over-year growth. The full-year outlook is above consensus forecasts, with a healthy holiday season ahead.

TJX Grows, Widens Margins, Improves Capital Return OutlookIf growth and capital returns drive stock prices, TJX Companies delivered as good a report as it could have. The company grew revenue by 5.4% to $15.18 billion, beating the high bar set by analysts by a slim margin. Within that, comps grew at a steady 4% pace, with weakness in one segment offset by strength in others. More importantly, the company widened margins at all levels, even after adjusting for tariff refund impacts, driving accelerated bottom-line growth. The net result was $2.2 billion in operating cash flow, more than sufficient to sustain operational health while investing in growth and paying investors.

The capital return is as good as it gets, with a healthy dividend, distribution growth, and share-reducing buybacks. The only downside is that TJX Companies' quality leads to persistently high valuation multiples, which keep the payments in the 1% range, annualized. Reliability is also part of the equation; the company has increased its distribution in 29 of the last 30 years, pausing only once due to COVID-19. It is as good as a Dividend Champion, expected to sustain its double-digit compound annual distribution growth rate for the foreseeable future.

The buybacks are more substantial, at about 1.5x the Q2 dividend distribution. They help sustain the valuation by reducing the share count, providing leverage for investors, and are expected to continue through year’s end.

Guidance included an affirmation of full-year targets, forecasting the H1 fiscal 2027 pace to continue through year’s end. Among the opportunities in 2026 is snagging this cash flow machine at a higher-than-average 1.3% dividend yield, before it accelerates buybacks.

Bullish Analysts Praise TJX Companies, But Caution RemainsInitial analyst responses following the earnings release included praise for the results, plans to accelerate growth, and margins, alongside caution focused on weak Q3 guidance. The takeaway is that the near-term weakness is unlikely to derail the long-term uptrend, and the group is overwhelmingly bullish on the stock. They rate it a consensus Buy and show high conviction: 21 ratings tracked, a 95% Buy-side bias in the data, and 20% upside potential at the consensus relative to the critical support target.

The price-target trend, which matters more than the consensus target itself, is also bullish and points to the high end of the range. Either way, consensus puts this market at a fresh all-time high, which would trigger additional market activity if it reaches that level. In this scenario, TJX stock breaks out of its consolidation range to the upside, confirming the underlying price trend, and brings target moves equal to the range magnitude and the summer 2026 price rally into play. Those targets would put TJX in the $190 to $200 range within a few months of the breakout.

TJX Companies’ biggest risk in 2026 is a Q3 guidance shortfall, but it is minimal given the company’s market position and moat. It has deep ties with leading retailers, giving it a healthy deal pipeline. Combined with inventory management, the deal pipeline keeps the company positioned to continuously move fresh merchandise through its stores.

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Should You Invest $1,000 in TJX Companies Right Now?Before you consider TJX Companies, you'll want to hear this.

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TJX Companies is rated "Hold," reflecting premium valuation and a vulnerable technical setup despite solid Q2 results. Q2 delivered 5.4% revenue growth, 4% comp sales, and adjusted EPS of $1.22, bolstered by tariff refunds. Management raised FY 2027 EPS guidance to $5.31–$5.36 and projects 10%–11% steady EPS growth, but upside appears limited.

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The TJX Companies (TJX -2.89%) stock tumbled 6% in early trading Wednesday despite beating on earnings this morning, before recovering to a 1.3% decline as of 10:15 a.m. ET.

Heading into the report, analysts expected TJX to earn $1.19 per share, and TJX beat that number, reporting $1.22. Sales roughly matched expectations at $15.2 billion for the quarter.

Image source: Getty Images.

TJX Q2 earnings Sales increased 5% year over year, and same-store sales (SSS) in particular grew a faster than expected 4%. Non-GAAP earnings were up 11% year over year, and earnings calculated under generally accepted accounting principles (GAAP) -- which included a big refund of tariffs earlier collected by the Trump Administration -- exploded 24% higher to $1.36 per share.

Management noted that almost all of its brands grew faster than expected. Only Marmaxx (the company's biggest division and the one that includes the T.J. Maxx and Marshalls chains) underperformed.

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What's next for TJX Underperforming in your biggest division isn't great news, and in Q3, management says growth might average only 2% or 3%. TJX still expects to end the year with 3%-4% comp growth, plus growth from new store openings.

Earnings-wise, the company anticipates GAAP profits of about $1.37 per share in Q3, and roughly $5.33 for the full year -- both numbers including windfall gains from tariff refunds that won't repeat.

Is this good or bad news? Well, valued on the full-year earnings projection, TJX appears to be trading for about 28 times current year earnings. Factor in about a 4% rate of store growth and no more than 4% growth in same-store sales, though, and we're looking here at a high double-digit P/E stock with only a high single-digit growth rate.

For a retail stock like TJX, that's probably too expensive, so I'll pass on today's sale.

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends TJX Companies. The Motley Fool has a disclosure policy.

Key Takeaways Moderna's New Phase 3 Trial Goes Great: Shares 95%U.S. Treasury Doubles Long-Term LiquidityTGT, LOW, TJX and EL All Beat Earnings Estimates Wednesday, August 19th, 2026

Pre-market futures are up after two straight days of closing market indexes in the red. Q2 earnings season is in its final stages, the AI trade feels long in the tooth, and a pause on Canadian tariffs and relative quiet on the Middle Eastern front are helping the tide come in somewhat for stock buying.

Biggest among the gainers this morning is Moderna (MRNA - Free Report) , up +95% at this hour following a report regarding the efficacy of its intismeran vaccine, which met its primary goals in Phase 3 testing: preventing cancer in melanoma patients whose tumors had been surgically removed. Moderna’s partner/bank for this vaccine’s development is Merck (MRK - Free Report) , which is up +7% on the news.

Also, as this article gets typed, news from the U.S. Treasury has sent bonds yields notably lower and market indexes notably higher: it plans to double liquidity support buyback operations on longer-end securities (10-30 years). The current buyback position is $2 billion per operation; this will now become $4 billion. The 30-year bond has now dropped below +5.3%, the 10-year beneath +4.7% and the 2-year  under +4.2%. Market indexes are now up triple digits a half hour ahead of the opening bell.

Morning Earnings Reports at a Glance: TGT, LOW & More
Target (TGT - Free Report) reported beats on both top and bottom lines this morning, with earnings of $2.46 per share on revenues of $26.54 billion up +7% and +1.6% from expectations, respectively. Guidance was raised going forward, with emphasis on the success of the retailer’s turnaround. Yet shares are selling off -1%, following +56% growth year to date. For more on TGT’s earnings, click here.

Lowe’s (LOW - Free Report) posted mixed Q2 results this morning, outpacing estimates on earnings by +4.27% to $4.40 per share while revenues of $25.96 billion missed the Zacks consensus by -0.68% (though still up $2 billion from a year ago). The company continued the narrative from Home Depot’s earnings yesterday, which depicted a frozen housing market. For more on LOW’s earnings, click here.

TJ Maxx, Marshall’s and HomeGoods parent The TJX Companies (TJX - Free Report) outperformed estimates this morning, with earnings of $1.22 per share surpassing the Zacks consensus by 4 cents on revenues of $15.18 billion, up +0.29% from expectations. A weaker outlook in the current quarter, however, saw investors sell shares -3.3% on the news. For more on TJX’s earnings, click here.

Estee Lauder (EL - Free Report) shares are booming this morning — +12% — following its strong performance in fiscal Q4 this morning: earnings of $0.39 per share bettered the $0.32 anticipated, while revenues of $3.63 billion improved by +2.15% over expectations. Shares had been down -12.7% year to date, so the stock is back to breakeven. For more on EL’s earnings, click here.

What to Expect from the Stock Market Today
Of course, we’ll keep an eye on developments in the Strait of Hormuz and at the White House. This afternoon, we’ll see the Fed minutes from the latest Federal Open Market Committee (FOMC) meeting from last month. While the Fed kept interest rates steady at their 3.50-3.75% range, there were three dissenters who voted for a 25 basis-point increase.

In the first FOMC meeting with Fed Chair Kevin Warsh at the helm, we saw many changes afoot: no guidance in the Fed monetary policy statement nor in the press conference which followed. The minutes from that meeting, when they were announced, were detailed and expansive. We expect the minutiae to be tilled in today’s release, as well. Hopefully it will give us some of the answers the DC press pool had been looking for.

Questions or comments about this article and/or author? Click here>>

FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced sales and operating results for the second quarter ended August 1, 2026. Net sales for the second quarter of Fiscal 2027 were $15.2 billion, an increase of 5% versus the second quarter of Fiscal 2026. Second quarter Fiscal 2027 consolidated comparable sales increased 4%. Net income for the second quarter of Fiscal 2027 was $1.5 billion. Second quarter Fiscal 2027 diluted earnings per share were $1.36, up 24% versus $1.10 in the second quarter of Fiscal 2026. Excluding a $.14 net benefit from tariff refunds, second quarter Fiscal 2027 adjusted diluted earnings per share were $1.22, up 11% versus the prior year.

For the first half of Fiscal 2027, net sales were $29.5 billion, an increase of 7% versus the first half of Fiscal 2026. First half Fiscal 2027 consolidated comparable sales increased 5%. Net income for the first half of Fiscal 2027 was $2.9 billion. First half Fiscal 2027 diluted earnings per share were $2.55, up 26% versus $2.02 in the first half of Fiscal 2026. Excluding a $.14 net benefit from tariff refunds, adjusted diluted earnings per share for the first half of Fiscal 2027 were $2.41, up 19% versus the prior year.

CEO and President Comments

Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, “I am very pleased with our above-plan consolidated results in the second quarter. Overall comparable sales increased 4%, above our plan, and both profitability and earnings per share well exceeded our expectations. While sales at Marmaxx were below our expectations, HomeGoods, TJX Canada, and TJX International all delivered terrific comp sales increases of 6% to 7%, which underscores the strength of our global diversified business. With our strong second quarter profit results, we are raising our pretax profit margin and earnings per share outlook for the full year. Looking ahead, the third quarter is off to a strong start, and we are seeing improvement at our Marmaxx division to start the quarter. Availability of branded, quality merchandise continues to be outstanding, and we have many initiatives in place to drive sales and traffic in the upcoming fall and holiday shopping seasons. Further, we are pleased to share that we are planning to accelerate our store openings to 4% starting next year and now believe we can grow our overall global store base to a total of 7,500 stores in our existing retail banners in our current countries over the long term. We remain very confident in the long runway for growth ahead for TJX and we are excited about the opportunities we see to bring great values to even more consumers around the world.”

Comparable Sales by Division

The Company’s comparable sales by division for the second quarter of Fiscal 2027 and Fiscal 2026 were as follows:

Second Quarter

Comparable Sales

FY2027

FY2026

Marmaxx (U.S.)1

+1%

+3%

HomeGoods (U.S.)2

+7%

+5%

TJX Canada3

+6%

+9%

TJX International (Europe & Australia)4

+7%

+5%

TJX

+4%

+4%

1Includes TJ Maxx, Marshalls, and Sierra stores as well as their e-commerce sites. 2Includes HomeGoods and Homesense stores. 3Includes Winners, HomeSense, and Marshalls stores in Canada. 4Includes TK Maxx and Homesense stores, as well as TK Maxx e-commerce sites in Europe.

Net Sales by Division

The Company’s net sales by division for the second quarter of Fiscal 2027 and Fiscal 2026 were as follows:

Second Quarter Net Sales

($ in millions)1

Second Quarter FY2027

Reported Sales Growth

Second Quarter FY2027

Sales Growth on a Constant Currency Basis2

FY2027

FY2026

Marmaxx (U.S.)3

$9,109

$8,841

+3%

N.A.

HomeGoods (U.S.)4

$2,507

$2,286

+10%

N.A.

TJX Canada5

$1,470

$1,381

+6%

+8%

TJX International (Europe & Australia)6

$2,094

$1,893

+11%

+10%

TJX

$15,180

$14,401

+5%

+6%

1Net sales in TJX Canada and TJX International include the impact of foreign currency. 2Reflects net sales adjusted for the impact of foreign currency; see Impact of Foreign Currency, below. 3Includes TJ Maxx, Marshalls, and Sierra stores as well as their e-commerce sites. 4Includes HomeGoods and Homesense stores. 5Includes Winners, HomeSense, and Marshalls stores in Canada. 6Includes TK Maxx and Homesense stores, as well as TK Maxx e-commerce sites in Europe.

Margins

For the second quarter of Fiscal 2027, the Company’s pretax profit margin was 13.3%, up 1.9 percentage points versus last year’s 11.4%. Excluding a 1.4 percentage point net benefit from tariff refunds, adjusted pretax profit margin was 11.9%, up 0.5 percentage points versus the prior year.

Gross profit margin for the second quarter of Fiscal 2027 was 33.4%, up 2.7 percentage points versus last year’s 30.7%. Excluding a 2.0 percentage point net benefit from tariff refunds, adjusted gross profit margin was 31.4%, up 0.7 percentage points versus the prior year. This was driven by an increase in merchandise margin.

SG&A costs as a percent of sales for the second quarter of Fiscal 2027 were 20.3%, up 0.8 percentage points versus last year’s 19.5%. Excluding a 0.6 percentage point negative impact from tariff refund related incremental compensation expense accruals, adjusted SG&A costs as a percent of sales were 19.7%, up 0.2 percentage points versus the prior year. This was driven by incremental store wage and payroll costs.

Net interest income had a neutral impact to second quarter Fiscal 2027 pretax profit margin versus the prior year.

Inventory

Total inventories as of August 1, 2026 were $7.9 billion, compared to $7.4 billion at the end of the second quarter of Fiscal 2026. Consolidated inventories on a per-store basis as of August 1, 2026, including distribution centers, but excluding inventory in transit and the Company’s e-commerce sites, were up 2% on a reported basis, and up 3% on a constant currency basis, versus last year. The Company is well positioned to take advantage of the outstanding availability in the marketplace and flow fresh assortments to its stores and online this fall. Inventory on a constant currency basis reflects inventory adjusted for the impact of foreign currency, if any, as described below.

Cash and Shareholder Distributions

For the second quarter of Fiscal 2027, the Company generated $2.2 billion of operating cash flow and ended the quarter with $6.0 billion of cash.

During the second quarter of Fiscal 2027, the Company returned a total of $1.3 billion to shareholders. The Company repurchased 5.1 million shares of TJX stock for a total of $798 million and paid $529 million in shareholder dividends.

During the first half of Fiscal 2027, the Company returned a total of $2.4 billion to shareholders. The Company repurchased 8.9 million shares of TJX stock for a total of $1.4 billion and paid $1.0 billion in shareholder dividends.

The Company continues to expect to repurchase approximately $2.75 to $3.0 billion of TJX stock during Fiscal 2027. The Company may adjust the amount purchased under this plan up or down depending on various factors. The Company remains committed to returning cash to its shareholders while continuing to invest in the business to support the near- and long-term growth of TJX.

IEEPA Tariff Refunds and Related Expense Accruals

During the second quarter of Fiscal 2027, the Company received aggregate refunds of $331 million for a portion of the IEEPA tariffs it previously paid. As a result, these tariff refunds benefitted the Company’s second quarter Fiscal 2027 cost of sales. Due to these tariff refunds, the Company accrued incremental expenses of $112 million for year-end incentive compensation and discretionary bonuses for eligible Associates globally which impact both the Company’s second quarter Fiscal 2027 cost of sales and SG&A costs. The net benefit of tariff refunds was $219 million for the Company’s second quarter Fiscal 2027 pretax profit. The impact of tariff refunds and related incremental compensation expense accruals to the Company’s second quarter Fiscal 2027 gross profit margin, SG&A costs, pretax profit margin, and diluted earnings per share were as follows:

FY2027

Second Quarter

First Half

Gross profit margin

33.4%

32.4%

Net benefit from tariff refunds1

(2.0%)

(1.1%)

Adjusted gross profit margin

31.4%

31.3%

SG&A costs as a percent of sales

20.3%

19.9%

Impact from tariff refund related incremental compensation expense accruals2

(0.6%)

(0.3%)

Adjusted SG&A costs as a percent of sales

19.7%

19.6%

Pretax profit margin

13.3%

12.7%

Net benefit from tariff refunds

(1.4%)

(0.8%)

Adjusted pretax profit margin

11.9%

11.9%

Diluted earnings per share

$1.36

$2.55

Net benefit from tariff refunds

($.14)

($.14)

Adjusted diluted earnings per share

$1.22

$2.41

1Includes the gain from tariff refunds and a portion of the related incremental expense accruals for year-end incentive compensation and discretionary bonuses. 2Includes a portion of the tariff refund related incremental expense accruals for year-end incentive compensation and discretionary bonuses.

Additionally, tariff refunds benefit the segment profit of the Company’s U.S. segments and the related incremental expense accruals for year-end incentive compensation and discretionary bonuses impact the segment profit of each of the Company’s segments. The impact to the segment profit margin of each of the Company’s segments for the second quarter of Fiscal 2027 were as follows:

FY2027

Second Quarter

First Half

Marmaxx (U.S.)

Segment profit margin

15.6%

15.2%

Net benefit from tariff refunds1

(1.4%)

(0.8%)

Adjusted segment profit margin

14.2%

14.4%

HomeGoods (U.S.)

Segment profit margin

17.6%

15.2%

Net benefit from tariff refunds1

(5.2%)

(2.5%)

Adjusted segment profit margin

12.4%

12.7%

TJX Canada

Segment profit margin

15.6%

13.8%

Impact from tariff refund related incremental compensation expense accruals2

0.7%

0.3%

Adjusted segment profit margin

16.3%

14.1%

Impact from foreign currency3

0.0%

0.1%

Adjusted segment profit margin on a constant currency basis3

16.3%

14.2%

TJX International (Europe & Australia)

Segment profit margin

6.4%

5.6%

Impact from tariff refund related incremental compensation expense accruals2

0.9%

0.4%

Adjusted segment profit margin

7.3%

6.0%

Impact from foreign currency3

0.0%

0.1%

Adjusted segment profit margin on a constant currency basis3

7.3%

6.1%

1Includes the gain from tariff refunds and the related incremental year-end compensation expense accruals for the segment. 2Includes tariff refund related incremental year-end compensation expense accruals for the segment. 3Reflects segment profit margin adjusted for the impact of foreign currency; see Impact of Foreign Currency, below.

Reconciliations detailing the benefit of tariff refunds and related incremental compensation expense accruals on the Company’s second quarter Fiscal 2027 results and forward guidance can also be found in the Investors section of TJX.com.

Third Quarter, Full Year Fiscal 2027, and Store Growth Outlook

In the third quarter of Fiscal 2027, the Company expects to receive additional IEEPA tariff refunds, which it expects to benefit the Company’s third quarter Fiscal 2027 cost of sales. Due to these expected tariff refunds, the Company expects to accrue incremental expense for year-end incentive compensation and discretionary bonuses that will impact the Company’s third quarter Fiscal 2027 cost of sales and SG&A costs. The amount, timing and likelihood of additional tariff refund recovery remain uncertain. The total amount of refunds received may not equal the full amount of IEEPA related tariffs paid, and additional refunds remain subject to further legal, regulatory or administrative developments.

For the third quarter of Fiscal 2027, the Company is planning consolidated comparable sales to be up 2% to 3%. The Company expects pretax profit margin to be in the range of 12.8% to 12.9%. Excluding an expected net benefit of 0.5 percentage points from tariff refunds, the Company expects adjusted pretax profit margin to be in the range of 12.3% to 12.4%. The Company expects diluted earnings per share to be in the range of $1.36 to $1.38. Excluding an expected net benefit of $.06 from tariff refunds, the Company expects adjusted diluted earnings per share to be in the range of $1.30 to $1.32.

For the full year Fiscal 2027, the Company continues to expect consolidated comparable sales to be up 3% to 4%. The Company is increasing its full-year pretax profit margin outlook to be in the range of 12.3% to 12.4%. Excluding an expected net benefit of 0.3 percentage points from tariff refunds, the Company is increasing its full-year adjusted pretax profit margin outlook to be in the range of 12.0% to 12.1%. The Company is increasing its full-year diluted earnings per share outlook to be in the range of $5.31 to $5.36. Excluding an expected net benefit of $.16 from tariff refunds, the Company is increasing its full year outlook for adjusted diluted earnings per share to be in the range of $5.15 to $5.20.

Beginning in Fiscal 2028, the Company is planning to accelerate its store opening growth to 4%. The Company is also increasing its long-term global store target by an additional 500 stores to a total of 7,500 stores for its existing retail banners in its current countries.

Stores by Concept

During the fiscal quarter ended August 1, 2026, the Company increased its store count by 23 stores overall to a total of 5,285 stores and increased total square footage by 0.4% versus the prior quarter.

Store Locations1

Second Quarter FY2027

Gross Square Feet

Second Quarter FY2027

(in millions)

Beginning

End

Beginning

End

In the U.S.:

TJ Maxx

1,354

1,359

36.5

36.6

Marshalls

1,265

1,267

35.1

35.1

HomeGoods

969

973

22.8

22.9

Sierra

153

156

3.1

3.2

Homesense

84

86

2.3

2.4

In Canada:

Winners

319

320

8.8

8.8

HomeSense

162

162

3.8

3.8

Marshalls

112

112

3.0

3.0

In Europe:

TK Maxx

679

685

18.7

18.8

Homesense

74

74

1.4

1.4

In Australia:

TK Maxx

91

91

1.9

1.9

TJX

5,262

5,285

137.4

137.9

1Store counts above include both banners within a combo or a superstore.

Impact of Foreign Currency

Changes in foreign currency exchange rates affect the translation of sales and earnings of the Company’s international businesses into U.S. dollars for financial reporting purposes. In addition, ordinary course, inventory-related hedging instruments are marked to market at the end of each quarter. Changes in currency exchange rates can have a material effect on the magnitude of these translations and adjustments when there is significant volatility in currency exchange rates. Given the global operations of the Company, to facilitate comparability, the Company has provided sales growth and inventory on a constant currency basis, which assumes a constant exchange rate between periods for translation based on the rate in effect for the prior period.

The movement in foreign currency exchange rates had a one percentage point negative impact on the Company’s net sales growth in the second quarter of Fiscal 2027 versus the prior year. The overall net impact of foreign currency exchange rates had a $.01 positive impact on second quarter Fiscal 2027 diluted earnings per share.

The movement in foreign currency exchange rates had a neutral impact on the Company’s net sales growth in the first half of Fiscal 2027 versus the prior year. The overall net impact of foreign currency exchange rates had a $.02 positive impact on the first half Fiscal 2027 diluted earnings per share.

The foreign currency exchange rate impact to diluted earnings per share does not include the impact currency exchange rates have on various transactions, which the Company refers to as “transactional foreign exchange.”

Additionally, a table detailing the impact of foreign currency on TJX’s net sales and pretax profit margin, as well as those of its international businesses, can be found in the Investors section of TJX.com.

About The TJX Companies, Inc.

The TJX Companies, Inc., a Fortune 100 company, is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. Our mission is to deliver great value to customers every day. We do this by offering a rapidly changing assortment of quality, fashionable, brand name, and designer merchandise at prices generally 20% to 60% below full-price retailers’ regular prices on comparable merchandise. We operate over 5,200 stores across ten countries, including TJ Maxx, Marshalls, HomeGoods, Homesense, and Sierra in the U.S.; Winners, HomeSense, and Marshalls in Canada; TK Maxx and Homesense in Europe; and TK Maxx in Australia. We also operate e-commerce sites for TJ Maxx, Marshalls, and Sierra in the U.S. and three sites for TK Maxx in Europe. Our value mission extends to our corporate responsibility efforts, which are focused on supporting our Associates, giving back in the communities we serve, the environment, and operating responsibly. Additional information about TJX’s press releases, financial information, and corporate responsibility are available at TJX.com.

Second Quarter Fiscal 2027 Earnings Conference Call

At 11:00 a.m. ET today, Ernie Herrman, Chief Executive Officer and President of TJX, will hold a conference call to discuss the Company’s second quarter Fiscal 2027 results, operations, and business trends. A real-time webcast of the call will be available to the public at TJX.com. A replay of the call will also be available by dialing (866) 367-5577 (toll free) or (203) 369-0233 through Wednesday, August 26, 2026, or at TJX.com.

Non-GAAP Financial Information

The Company reports its financial results in accordance with generally accepted accounting principles in the U.S. (GAAP). However, management believes that certain non-GAAP financial measures may provide users of this financial information additional meaningful comparisons between current results and results in prior operating periods and between results in prior periods and expectations for future periods. Management believes that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business because they provide a comparison of historical information that excludes certain items that affect overall comparability. The Company uses these non-GAAP financial measures in making financial, operating, and planning decisions and in evaluating the Company’s performance, including relative to others in the market. Management also uses these non-GAAP measures to consider underlying trends of the Company’s business and believes presenting these measures also provides information to investors and others to assist them in understanding and evaluating trends in the Company’s operating results or measure performance in the same manner as the Company’s management. Non-GAAP financial measures should be considered in addition to, and not as an alternative to, the Company’s reported results prepared in accordance with GAAP. The use of these non-GAAP financial measures may differ from similar measures reported by other companies and may not be comparable to other similarly titled measures.

Important Information at Website

Archived versions of the Company’s conference calls are available in the Investors section of TJX.com after they are no longer available by telephone, as are reconciliations of non-GAAP financial measures to GAAP financial measures and other financial information. The Company routinely posts information that may be important to investors in the Investors section at TJX.com. The Company encourages investors to consult that section of its website regularly.

Cautionary Note Regarding Forward-Looking Statements

This release contains “forward-looking statements.” These forward-looking statements generally can be identified by the use of words such as “aim,” “anticipate,” “approximately,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “potential,” “project,” “seek,” “should,” “strive,” “target,” “will,” and “would,” or any variations of these words or other words with similar meanings. These forward-looking statements address various matters that we intend, expect or believe may occur in the future, including, among others, statements regarding the Company’s anticipated operating and financial performance, business plans and prospects, dividends and share repurchases, tariff refunds and third quarter, full year Fiscal 2027 and store growth outlook. Each forward-looking statement contained in this press release is inherently subject to risks, uncertainties and potentially inaccurate assumptions that could cause actual results to differ materially from those expressed or implied by such statement.

We cannot guarantee that the results and other expectations expressed, anticipated or implied in any forward-looking statement will be realized. Applicable risks and uncertainties include, among others, execution of buying strategy and inventory management; customer trends and preferences; competition; various marketing efforts; operational and business expansion; management of large size and scale; merchandise sourcing and transport; international trade and tariff policies; data security and maintenance and development of information technology systems; labor costs and workforce challenges; personnel recruitment, training and retention; corporate and retail banner reputation; evolving corporate governance and public disclosure regulations and expectations with respect to environmental, social and governance matters; expanding international operations; fluctuations in anticipated quarterly and annual operating results, financial performance, business plan prospects, investments and market expectations; inventory or asset loss; cash flow and plans with respect to long-term indebtedness; mergers, acquisitions, or business investments and divestitures, closings or business consolidations; real estate activities; economic conditions and consumer spending; market instability; severe weather, serious disruptions or catastrophic events; disproportionate impact of disruptions during certain seasons of the fiscal year; commodity availability and pricing; fluctuations in currency exchange rates; fluctuations in fuel prices; compliance with laws, regulations and orders and changes in laws, regulations and applicable accounting standards; outcomes of litigation, legal proceedings and other legal or regulatory matters; quality, safety and other issues with our merchandise; tax matters; and other factors set forth under Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended January 31, 2026, as well as the other information we file with the U.S. Securities and Exchange Commission (“SEC”).

We caution investors, potential investors and others not to place considerable reliance on the forward-looking statements contained in this release. You are encouraged to read our filings with the SEC and any further disclosures we may make in our future reports to the SEC, available at www.sec.gov, on our website, or otherwise, for a discussion of these and other risks and uncertainties. Our forward-looking statements in this release speak only as of the date of this release, and we undertake no obligation to update or revise any of these statements, even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.

The TJX Companies, Inc. and Consolidated Subsidiaries

Financial Summary

(Unaudited)

(In Millions Except Per Share Amounts)

  Thirteen Weeks Ended

Twenty-Six Weeks Ended

August 1,
2026

August 2,
2025

August 1,
2026

August 2,
2025

Net sales

$

15,180

$

14,401

$

29,503

$

27,512

Cost of sales, including buying and occupancy costs

10,108

9,976

19,951

19,222

Selling, general and administrative expenses

3,085

2,805

5,879

5,354

Interest (income) expense, net

(31

)

(27

)

(66

)

(57

)

Income before income taxes

2,018

1,647

3,739

2,993

Provision for income taxes

498

404

887

714

Net income

$

1,520

$

1,243

$

2,852

$

2,279

Diluted earnings per share

$

1.36

$

1.10

$

2.55

$

2.02

Cash dividends declared per share

$

0.480

$

0.425

$

0.960

$

0.850

Weighted average common shares – diluted

1,117

1,128

1,118

1,130

The TJX Companies, Inc. and Consolidated Subsidiaries

Condensed Balance Sheets

(Unaudited)

(In Millions)

  August 1,
2026

August 2,
2025

Assets

Current assets:

Cash and cash equivalents

$

6,004

$

4,639

Accounts receivable and other current assets

1,463

1,267

Merchandise inventories

7,862

7,372

Total current assets

15,329

13,278

Net property at cost

8,567

7,775

Operating lease right of use assets

11,154

9,978

Goodwill

97

95

Other assets

1,968

1,759

Total assets

$

37,115

$

32,885

Liabilities and shareholders' equity

Current liabilities:

Accounts payable

$

5,024

$

4,698

Accrued expenses and other current liabilities

5,622

4,941

Current portion of operating lease liabilities

1,714

1,669

Current portion of long-term debt

1,000

—

Total current liabilities

13,360

11,308

Other long-term liabilities

1,168

1,042

Non-current deferred income taxes, net

333

217

Long-term operating lease liabilities

9,732

8,585

Long-term debt

1,871

2,867

Shareholders’ equity

10,651

8,866

Total liabilities and shareholders' equity

$

37,115

$

32,885

The TJX Companies, Inc. and Consolidated Subsidiaries

Condensed Statements of Cash Flows

(Unaudited)

(In Millions)

  Twenty-Six Weeks Ended

August 1,
2026

August 2,
2025

Cash flows from operating activities:

Net income

$

2,852

$

2,279

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

676

604

Deferred income tax provision

64

71

Share-based compensation

85

76

Changes in assets and liabilities:

Decrease (increase) in accounts receivable and other assets

324

(25

)

(Increase) in merchandise inventories

(603

)

(845

)

(Increase) in income taxes recoverable

(60

)

(36

)

Increase in accounts payable

470

388

(Decrease) in accrued expenses and other liabilities

(349

)

(289

)

Increase (decrease) in net operating lease liabilities

5

(5

)

Other, net

(119

)

(33

)

Net cash provided by operating activities

3,345

2,185

Cash flows from investing activities:

Property additions

(1,159

)

(958

)

Purchase of equity investments

(5

)

(5

)

Purchases of investments

(28

)

(21

)

Sales and maturities of investments

24

15

Net cash (used in) investing activities

(1,168

)

(969

)

Cash flows from financing activities:

Payments for repurchase of common stock

(1,418

)

(1,144

)

Cash dividends paid

(1,005

)

(898

)

Proceeds from issuance of common stock

134

104

Other

(73

)

(64

)

Net cash (used in) financing activities

(2,362

)

(2,002

)

Effect of exchange rate changes on cash

(41

)

90

Net (decrease) in cash and cash equivalents

(226

)

(696

)

Cash and cash equivalents at beginning of year

6,230

5,335

Cash and cash equivalents at end of period

$

6,004

$

4,639

The TJX Companies, Inc. and Consolidated Subsidiaries

Selected Information by Major Business Segment

(Unaudited)

(In Millions)

  Thirteen Weeks Ended

Twenty-Six Weeks Ended

August 1,
2026

August 2,
2025

August 1,
2026

August 2,
2025

Net sales:

United States:

Marmaxx

$

9,109

$

8,841

$

17,759

$

16,893

HomeGoods

2,507

2,286

5,013

4,540

TJX Canada

1,470

1,381

2,755

2,525

TJX International

2,094

1,893

3,976

3,554

Total net sales

$

15,180

$

14,401

$

29,503

$

27,512

Segment profit:

United States:

Marmaxx

$

1,424

$

1,254

$

2,693

$

2,361

HomeGoods

441

228

764

458

TJX Canada

229

221

379

343

TJX International

135

99

222

171

Total segment profit

$

2,229

$

1,802

$

4,058

$

3,333

General corporate expense

242

182

385

397

Interest (income) expense, net

(31

)

(27

)

(66

)

(57

)

Income before income taxes

$

2,018

$

1,647

$

3,739

$

2,993

The TJX Companies, Inc. and Consolidated Subsidiaries
Notes to Consolidated Condensed Statements

During the second quarter of Fiscal 2027, the Company received aggregate refunds of $331 million for a portion of the IEEPA tariffs it previously paid. As a result, this tariff refund benefitted the Company’s second quarter Fiscal 2027 cost of sales. Due to this tariff refund, the Company accrued incremental expense for year-end incentive compensation and discretionary bonuses for eligible Associates globally which impact both the Company’s second quarter Fiscal 2027 cost of sales and SG&A costs. The net benefit of this tariff refund was $219 million for the Company’s second quarter Fiscal 2027 pretax profit. During the second quarter ended August 1, 2026, the Company returned $1.3 billion to shareholders, repurchasing and retiring 5.1 million shares of its common stock at a cost of $798 million and paid $529 million in shareholder dividends. During the six months ended August 1, 2026, the Company returned $2.4 billion to shareholders, repurchasing and retiring 8.9 million shares of its common stock at a cost of $1.4 billion and paid $1.0 billion in shareholder dividends. During the second quarter of Fiscal 2027, the Company completed the $1.1 billion that remained as of January 31, 2026 from the previously announced stock repurchase program. In February 2026, the Company announced that the Board of Directors had approved a new stock repurchase program that authorizes the repurchase of up to an additional $3.0 billion of TJX common stock from time to time. Under this program, TJX had approximately $2.7 billion available for repurchase as of August 1, 2026. More News From The TJX Companies, Inc.

The TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced sales and operating res

TJX (TJX - Free Report) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.1 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +3.39%. A quarter ago, it was expected that this parent of T.J. Maxx, Marshalls and other stores would post earnings of $1.01 per share when it actually produced earnings of $1.19, delivering a surprise of +17.82%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

TJX, which belongs to the Zacks Retail - Discount Stores industry, posted revenues of $15.18 billion for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $14.4 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

TJX shares have lost about 1.8% since the beginning of the year versus the S&P 500's gain of 12.4%.

What's Next for TJX?While TJX has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for TJX was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.34 on $15.85 billion in revenues for the coming quarter and $5.19 on $63.93 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Discount Stores is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Dollar Tree (DLTR - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on August 27.

This discount retailer is expected to post quarterly earnings of $1.11 per share in its upcoming report, which represents a year-over-year change of +44.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Dollar Tree's revenues are expected to be $4.85 billion, up 6.3% from the year-ago quarter.

The TJX Companies, Inc. (NYSE:TJX) will release its second quarter earnings report before the opening bell on Wednesday, Aug. 19.

Analysts expect the Framingham, Massachusetts-based company to report quarterly earnings of $1.19 per share, up from $1.10 per share in the year-ago period. The consensus estimate for TJX’s quarterly revenue is $15.18 billion. It reported $14.4 billion last year, according to Benzinga Pro.

On May 20, TJX reported better-than-expected first-quarter financial results and raised its FY27 GAAP EPS guidance.

Shares of TJX edged lower to $150.85 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

UBS analyst Jay Sole maintained a Buy rating and raised the price target from $193 to $197 on May 21, 2026. This analyst has an accuracy rate of 67%. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating and raised the price target from $175 to $185 on May 21, 2026. This analyst has an accuracy rate of 65%. Barclays analyst Adrienne Yih maintained an Overweight rating and increased the price target from $183 to $190 on May 21, 2026. This analyst has an accuracy rate of 69%. Evercore ISI Group analyst Michael Binetti maintained an Outperform rating and increased the price target from $171 to $175 on May 21, 2026. This analyst has an accuracy rate of 67%. Citigroup analyst Paul Lejuez maintained a Buy rating and raised the price target from $168 to $182 on May 21, 2026. This analyst has an accuracy rate of 65%. Latest Private Market Opportunities

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TJ Maxx parent TJX Companies Inc (NYSE:TJX) is scheduled to report second-quarter earnings before the open on Wednesday, Aug. 19.

From "The Off-Duty Icon" to "The Mystical Muse," Brenda Song breaks down five fall aesthetics she's seeing everywhere, showing shoppers how to make the season's standout styles their own with Marshalls.

, /PRNewswire/ -- Fall is peak style spotting season, when sidewalks turn into runways and inspiration shows up everywhere. The most talked-about fall trends are already emerging, drawing from what people are actually wearing and how personal style is showing up across social feeds and on the streets. Tapping into those real-world style moments, Marshalls (NYSE: TJX) is teaming up with actress and style it-girl Brenda Song to launch its Fall Fashion Field Guide, a shoppable edit highlighting the season's defining looks and how shoppers can make them their own at Marshalls with high-quality finds for every style and budget.

Brenda Song for the Marshalls Fall Fashion Field Guide

The Off-Duty Icon

The Mystical Muse

The Vibe Curator

The Polished Powerhouse

The Belle of the Fall Curated through Brenda Song's signature fashion perspective, the Marshalls Fall Fashion Field Guide debuts five distinct styles, each inspired by fall trends. Whether shoppers gravitate toward one look or mix elements from all five, the guide makes it easy to explore the trends in stores and online through an ever-changing assortment of high-quality finds at exceptional prices.

The five styles spotlighted in the Fall Fashion Field Guide are:

The Belle of the Fall: Chunky knits, cozy layers, barn jackets, baseball hats and an earthy palette made for crisp autumn days.  The Polished Powerhouse: Structured blazers, sleek leather accents, and modern layering for a tailored look with a confident edge. The Off-Duty Icon: 90s inspired, relaxed denim, layered knits, chic sneakers and cool, effortless essentials that elevate casual dressing. The Vibe Curator: Feminine silhouettes, luxe animal prints, statement footwear and trendy accessories that transition effortlessly from brunch to GNO. The Mystical Muse: Moody florals, lace details, black leather, eclectic accessories and lots of textures for bold, edgy fall dressing. "At Marshalls, we're always watching trends take shape in real time, from sidewalks to social feeds, and our buyers hustle to bring those styles into stores through an ever-changing assortment of great brands at amazing prices," said Sonya Cosentini, Vice President of Brand Marketing at Marshalls. "The Fall Fashion Field Guide celebrates the styles we're seeing this season and shows how Marshalls helps shoppers discover the looks they love without compromising on quality or price."

To complement the guide, Marshalls and Brenda Song are introducing "Style Spotting with Brenda Song," a video series following Brenda as she spots standout fall looks "in the wild," creating a seamless connection between trend inspiration and the styles featured throughout the Fall Fashion Field Guide.

"Fall is the season when everyone starts asking, 'What are we all wearing right now?'" said Brenda Song. "It's my favorite time to refresh my wardrobe because I love seeing how people layer pieces, mix textures, and make trends feel personal. That's one of the reasons Marshalls has always been a go-to for me, you never know what amazing finds you're going to discover. Finding on-trend styles from brands I love at prices that make it easy to update my closet is such a win, and this guide brings all of that inspiration together."

Discover your fall style and more in-store at Marshalls and shop the Fall Fashion Field Guide, curated by Brenda Song, on Marshalls.com. Catch new episodes of "Style Spotting with Brenda Song" throughout the season at @Marshalls on Instagram and TikTok.

About Marshalls:
Marshalls is one of the nation's leading off-price family retailers with more than 1,200 stores spanning 48 states, D.C., and Puerto Rico, and online at Marshalls.com. Since opening its first store more than 60 years ago, the Marshalls name has become synonymous with off-price shopping. Marshalls shoppers can find an amazing selection of high-quality, on-trend, brand name and designer merchandise for women, beauty, accessories, footwear, home and more - all at amazing prices. For fashion tips, style alerts, and more, follow us @Marshalls on Instagram and TikTok. Visit Marshalls.com to shop online and locate your nearest store.

Contact
[email protected] 

SOURCE Marshalls

Wall Street analysts expect TJX (TJX - Free Report) to post quarterly earnings of $1.18 per share in its upcoming report, which indicates a year-over-year increase of 7.3%. Revenues are expected to be $15.14 billion, up 5.1% from the year-ago quarter.

The current level reflects an upward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

In light of this perspective, let's dive into the average estimates of certain TJX metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts expect 'Net Sales- Marmaxx' to come in at $9.23 billion. The estimate indicates a change of +4.4% from the prior-year quarter.

It is projected by analysts that the 'Net Sales- TJX International' will reach $2.01 billion. The estimate suggests a change of +6.1% year over year.

Analysts' assessment points toward 'Net Sales- TJX Canada' reaching $1.45 billion. The estimate indicates a year-over-year change of +4.9%.

The average prediction of analysts places 'Net Sales- HomeGoods' at $2.48 billion. The estimate suggests a change of +8.5% year over year.

The collective assessment of analysts points to an estimated 'Comparable store sales (YoY change) - Total' of 3.2%. The estimate compares to the year-ago value of 4.0%.

The consensus estimate for 'Comparable Store Sales - TJX Canada - YoY change' stands at 2.8%. Compared to the current estimate, the company reported 9.0% in the same quarter of the previous year.

Analysts forecast 'Comparable store sales (YoY change) - HomeGoods' to reach 6.0%. Compared to the present estimate, the company reported 5.0% in the same quarter last year.

Analysts predict that the 'Comparable store sales (YoY change) - Marmaxx' will reach 2.7%. Compared to the current estimate, the company reported 3.0% in the same quarter of the previous year.

The consensus among analysts is that 'Comparable Store sales- TJX International (Europe & Australia)' will reach 3.0%. The estimate compares to the year-ago value of 5.0%.

The combined assessment of analysts suggests that 'Gross Square Feet - Stores - Canada - HomeSense (EOP)' will likely reach 3.82 million. Compared to the current estimate, the company reported 3.80 million in the same quarter of the previous year.

According to the collective judgment of analysts, 'Number of stores - Total' should come in at 5,292 . Compared to the current estimate, the company reported 5,134 in the same quarter of the previous year.

Based on the collective assessment of analysts, 'Number of stores - U.S.- Sierra' should arrive at 158 . Compared to the present estimate, the company reported 127 in the same quarter last year.

View all Key Company Metrics for TJX here>>>

Over the past month, TJX shares have recorded returns of -0.6% versus the Zacks S&P 500 composite's +3.8% change. Based on its Zacks Rank #3 (Hold), TJX will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Wall Street expects a year-over-year increase in earnings on higher revenues when TJX (TJX - Free Report) reports results for the quarter ended July 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 19. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis parent of T.J. Maxx, Marshalls and other stores is expected to post quarterly earnings of $1.18 per share in its upcoming report, which represents a year-over-year change of +7.3%.

Revenues are expected to be $15.14 billion, up 5.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.91% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for TJX?For TJX, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.31%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that TJX will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that TJX would post earnings of $1.01 per share when it actually produced earnings of $1.19, delivering a surprise of +17.82%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

TJX appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at TJX (TJX - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. TJX currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if TJX is a promising momentum pick, let's examine some Momentum Style elements to see if this parent of T.J. Maxx, Marshalls and other stores holds up.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For TJX, shares are up 2.02% over the past week while the Zacks Retail - Discount Stores industry is up 5.1% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.4% compares favorably with the industry's 7.4% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of TJX have increased 9.98% over the past quarter, and have gained 22.79% in the last year. In comparison, the S&P 500 has only moved 4.98% and 22.73%, respectively.

Investors should also pay attention to TJX's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. TJX is currently averaging 5,063,962 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with TJX.

Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost TJX's consensus estimate, increasing from $5.17 to $5.19 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that TJX is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep TJX on your short list.

TJX (TJX - Free Report) ended the recent trading session at $159.92, demonstrating a +1.5% change from the preceding day's closing price. This change outpaced the S&P 500's 0.17% loss on the day. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq lost 0.83%.

The parent of T.J. Maxx, Marshalls and other stores's stock has climbed by 2.23% in the past month, falling short of the Retail-Wholesale sector's gain of 7.52% and the S&P 500's gain of 3.52%.

Investors will be eagerly watching for the performance of TJX in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 19, 2026. The company's earnings per share (EPS) are projected to be $1.18, reflecting a 7.27% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $15.13 billion, up 5.03% from the prior-year quarter.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.17 per share and a revenue of $63.91 billion, indicating changes of +9.3% and +8.35%, respectively, from the former year.

Investors might also notice recent changes to analyst estimates for TJX. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.07% upward. Right now, TJX possesses a Zacks Rank of #2 (Buy).

Looking at valuation, TJX is presently trading at a Forward P/E ratio of 30.46. This expresses no noticeable deviation compared to the average Forward P/E of 30.46 of its industry.

We can also see that TJX currently has a PEG ratio of 3.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Discount Stores industry currently had an average PEG ratio of 2.82 as of yesterday's close.

The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 58, finds itself in the top 24% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

The TJX Companies, Inc. (NYSE: TJX) today announced that it plans to release its second quarter Fiscal 2027 sales and earnings results on Wednesday, August 19,

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider TJX (TJX - Free Report) . This company, which is in the Zacks Retail - Discount Stores industry, shows potential for another earnings beat.

This parent of T.J. Maxx, Marshalls and other stores has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.72%.

For the last reported quarter, TJX came out with earnings of $1.19 per share versus the Zacks Consensus Estimate of $1.01 per share, representing a surprise of 17.82%. For the previous quarter, the company was expected to post earnings of $1.38 per share and it actually produced earnings of $1.43 per share, delivering a surprise of 3.62%.

Price and EPS Surprise

For TJX, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

TJX has an Earnings ESP of +1.19% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 19, 2026.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.