TJX Earnings on Deck: Stock Nears Highs Leading In

The TJX Companies, Inc. (NYSE: TJX), the off-price retail giant behind T.J. Maxx, Marshalls, and HomeGoods, is set to release its third-quarter Fiscal 2026 earnings report tomorrow, before the market opens. As of today, TJX shares are trading at $145.54, for a 0.23% increase on the session.

Analysts are projecting earnings per share (EPS) of $1.22 for the quarter ending October 2025, a 7.02% increase compared to the same quarter last year.  Following the earnings release, CEO and President Ernie Herrman will host a conference call to discuss the results and provide insights into the company's future outlook.

TJX's recent performance has been encouraging. In August, the company reported strong second-quarter results with net sales reaching $14.4 billion, a 7% year-over-year increase. Comparable store sales grew by 4%, and diluted earnings per share rose by 15% to $1.10. This positive momentum led TJX to raise its full-year guidance, now expecting consolidated comparable sales growth of 3% and diluted EPS between $4.52 and $4.57.

Adding to the positive sentiment, TJX declared a quarterly dividend of $0.425 per share in September, payable on December 4th to shareholders of record as of November 13th. This consistent dividend payout underscores the company's commitment to returning value to its shareholders.

However, the broader economic environment presents potential headwinds. Recent market volatility, exemplified by a significant decline in the Dow Jones Industrial Average earlier this month, reflects concerns over a weakening job market and persistent inflation risks. These macroeconomic factors could impact consumer spending and, consequently, TJX's performance.

Analysts generally maintain a favorable outlook on TJX. Evercore ISI recently raised its price target to $142, citing strong performance in the Marmaxx division. The consensus rating among 22 analysts is a “Strong Buy,” with a mean price target of $153.04, suggesting a potential upside of 9.2%.

Tomorrow's earnings release will be a crucial test for TJX. While the company has demonstrated resilience and strong performance in recent quarters, the economic environment remains uncertain. Whether the company can continue to navigate these challenges and deliver strong results remains to be seen. The conference call with CEO Ernie Herrman will provide valuable insights into the company's strategy and its ability to adapt to the evolving retail landscape.

With TJX up 20% YTD, the stock is positioned only a couple of dollars below it's high, with bulls eyeing a break on a positive print. Support has been fairly strong at $140 leading in, but earnings can bring volatility that disregards prior technical levels.