TJX rated hold as strong cash flow and growth offset by pricey valuation

TJX reported a 5% sales increase and 11% rise in adjusted EPS for Q2, with improving margins and solid growth prospects. However, near-term uncertainty remains due to execution issues in its Marmaxx segment. Despite strong merchandise availability and accelerating store expansion supporting long-term growth, the stock trades about 11% above its estimated intrinsic value of $116.61 per share. The company is viewed as a high-quality retailer, but the current share price lacks sufficient margin of safety to warrant a buy rating, leading to a hold recommendation.

TJX shares are currently priced at USD 130.08 on Pluang, slightly above the article's noted intrinsic value estimate. The stock has experienced a 1.19% decline in the past day, with a market cap of $143.06 billion as of Sep 28, 2026 12:21 WIB.