William Blair research analyst Dylan Carden was quoted in the Wall Street Journal’s coverage of the forecast from T.J. Maxx’s parent company, TJX, for holiday 2025 and how it continues to lure budget-conscious to its brands, which also include Marshalls and Home Goods.

“While valuation presents some risk to further upside, TJX represents one of the most consistent comp and earnings growers in an otherwise volatile consumer discretionary backdrop, including notable capacity to continue to drive home sales, speaking to the underlying power of the brand and engagement model,” Carden wrote in a note to investors that was cited by the publication.