10 Best Department Store Stocks to Invest in

3. TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Holders: 74

TJX Companies, Inc. (NYSE:TJX) operates in the Marmaxx and HomeGoods, TJX International, and TJX Canada segments. Its stores offer an assortment of value home decorations, apparel, decorative accessories, footwear, accessories, giftware, and more.

The company’s overall sales surpassed $56 billion in fiscal Q4 2025, while full-year comparable store sales grew by 4%. TJX Companies, Inc. (NYSE:TJX) attained a significant profitability increase, and its quarter EPS reached $1.23, exceeding analyst expectations. In addition, the company’s net sales grew to $16.4 billion, a 5% increase versus last year’s adjusted sales.

In a report released on March 14, Alexandra Straton from Morgan Stanley maintained a Buy rating on TJX Companies, Inc. (NYSE:TJX), with a price target of $136.00. She said the company was a strong investment opportunity due to several competitive advantages, including a balanced apparel mix, broad category assortment, superior inventory management, and liquidity levels that allow for opportunistic buying. The analyst also anticipates the company to benefit from improved gross margin levers and ongoing pricing strategies.