Weekly Recap | TJX -2.25%, hitting fresh 52-week lows

The Week

TJX closed the week at $132.08, down 2.25% over the five sessions. The S&P 500 inched up 0.09%, leaving TJX about 2.34 percentage points behind the broad market. Day by day, the stock opened near $135.1 on Monday, touched a weekly high of $135.55, then slid to a low of $130.15 on Wednesday before steadying into Friday. It was a bumpy, downward-trending week within a roughly 4% range, with average daily volume of 8.25m shares running about 42% above the prior median. The latest quote sits at $132.08.\n\n## Key Events\n\nThe dominant story this week was TJX repeatedly hitting 52-week lows, with news flow circling around second-quarter comparable sales trailing rival Ross. On Monday, Fundsmith LLP disclosed a $344.30m investment in TJX, appearing almost alongside reports that the stock had touched a 52-week low. From Tuesday through Thursday, TJX printed fresh 52-week lows in the regular session or premarket across multiple days. On Friday, premarket coverage pointed to third-quarter sales guidance missing estimates, and the stock edged lower in premarket trading. Meanwhile, Raiffeisen Bank International AG purchased 7,682 shares, a small position change that gets less weight than the company-level sales comparison with Ross.\n\n## Analyst Ratings\n\nAs of 2 September, 23 firms cover TJX: 13 rate it buy, 5 overweight, 4 hold, and 1 no opinion, with no underweight or sell ratings. The consensus rating is buy, and the consensus target price is $169.8, about 28.6% above the latest close of $132.08. Individual targets range from $136 to $198, so there is dispersion, but even the low end sits above spot. Within the apparel retail industry, TJX ranks first among 37 covered names, against an industry average of 7 and a median of 4.\n\n## The Week Ahead\n\nNext Thursday brings a cluster of US macro data: initial jobless claims, several PPI prints, and existing home sales on an annualised basis. The jobless claims forecast is 205, with monthly PPI estimates at 0.3% and 0.4%, and these could set the tone for consumer-related shares. TJX itself does not report again until 18 November, when it will release third-quarter results for fiscal 2027; consensus expects EPS of $1.3607 on about $15.9b in revenue. Given the premarket headlines this week about Q3 sales guidance missing estimates, the gap between actual results and expectations will be the key thing to watch.\n\n## In Short\n\nThe tension this week sits between constructive sell-side ratings and a weak tape. All 23 covering firms avoid underweight or sell, and the consensus target stands about 28.6% above spot, yet the stock kept printing 52-week lows on the back of comparable-sales comparisons with Ross. On valuation, TJX trades at roughly 23.95x P/E and 13.64x book. The latest session’s flow shows small-lot net buying running larger than large-lot net buying. The next test is whether Q3 sales guidance lands as soft as premarket headlines suggested, and whether next week’s US consumption and inflation data shift sentiment.\n\nThis article is generated by LongbridgeAI from market data, for information only and not investment advice.