TJX Companies, Inc. (TJX) had a good Wednesday, delivering third-quarter results that made Wall Street take notice. The off-price retailer posted earnings per share of $1.28, comfortably ahead of the $1.22 analyst consensus. Sales came in at $15.12 billion, representing a 7% jump year over year and beating Street expectations of $14.87 billion.

When a company beats on both the top and bottom lines like this, you can expect the analyst community to sharpen their pencils. And that's exactly what happened.

TJX isn't just resting on its quarterly laurels, either. The company announced plans to repurchase approximately $2.5 billion of its own stock during the fiscal year ending January 31, 2026. That's a meaningful capital return program that signals management's confidence in the business trajectory.

Looking ahead to the fourth quarter, TJX continues to expect consolidated comparable sales growth of 2% to 3%. The company reaffirmed its fourth-quarter GAAP EPS outlook at $1.33 to $1.36, which sits just below the $1.37 analyst estimate. But the real news came in the full-year guidance.

TJX Companies lifted its fiscal 2026 GAAP earnings outlook to $4.63 to $4.66 per share, up from the previous range of $4.52 to $4.57. That new range tops the $4.60 consensus estimate. The company also bumped up its consolidated comparable sales growth expectation to 4%, up from the prior 3% forecast.

Shares rose modestly to close at $145.81 on Wednesday following the announcement.

Here's how five major analysts adjusted their views on TJX after digesting the earnings report:

• Bernstein analyst Aneesha Sherman maintained an Outperform rating and raised the price target from $152 to $155.
• B of A Securities analyst Lorraine Hutchinson maintained a Buy rating and raised the price target from $150 to $168.
• Evercore ISI Group analyst Michael Binetti maintained an Outperform rating and raised the price target from $162 to $165.
• Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating and raised the price target from $155 to $170.
• Goldman Sachs analyst Brooke Roach maintained a Buy rating and raised the price target from $163 to $170.

The consensus is clear: analysts see more upside ahead for the off-price retail giant as it continues to execute on its growth strategy.