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Retailers' Earnings Momentum Surges Ahead
17 May
Summary
- Retailers TJX and Ross Stores show accelerated earnings momentum.
- Analyst price targets imply significant upside for both companies.
- Deutsche Bank maintains a buy rating on TJX and Ross Stores.
This week is crucial for the earnings season, with a notable number of retailers scheduled to report. Among them, TJX Companies and Ross Stores are highlighted for their positive earnings momentum. Both companies are expected to release their quarterly results on Wednesday and Thursday, respectively.
Ross Stores has seen significant gains, with shares up 18% in 2026, while TJX Companies' shares have slipped 4%. Despite these differences, Deutsche Bank has reiterated its buy rating on both stocks. Analyst Krisztina Katai noted Ross Stores' sustained same-store sales momentum and positive consumer feedback.
Katai also expressed optimism for TJX, believing its resilient business model and increased marketing efforts position it well for share gains. The analyst's price targets suggest potential upside of approximately 19% for Ross Stores and 23% for TJX Companies.
While retailers are making a strong showing, artificial intelligence leader Nvidia is anticipated to be the week's main attraction. Other notable companies reporting include Keysight Technologies and Nordson Corporation.
