The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. As of January 30, 2021, the end of the Company's fiscal year, the Company operated a total of 4,572 stores in nine countries, the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, and four e-commerce sites. These include 1,271 T.J. Maxx, 1,131 Marshalls, 821 HomeGoods, 48 Sierra, and 34 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 280 Winners, 143 HomeSense, and 102 Marshalls stores in Canada; 602 T.K. Maxx and 78 Homesense stores, as well as tkmaxx.com, in Europe; and 62 T.K. Maxx stores in Australia.

Company profile
Ticker
TJX
Exchange
Website
CEO
Ernie Herrman
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
T.J. Maxx of CA, LLC • T.J. Maxx of IL, LLC • TJX Digital, Inc. • Arizona Merchants, LLC • NBC Charlotte Merchants, LLC • NBC Distributors, LLC • NBC Manteca Merchants, Inc. • NBC Merchants, LLC • NBC Nevada Merchants, LLC • NBC Philadelphia Merchants, Inc. ...
IRS number
42207613
TJX stock data
News

10 Consumer Discretionary Stocks Whale Activity In Today's Session
23 Jun 22
Looking Into TJX Companies's Recent Short Interest
23 Jun 22
Amber Heard Considers Lucrative Book Deal On Heels Of Costly Legal Spat With Ex Johnny Depp
22 Jun 22
$100 Invested In This Stock 20 Years Ago Would Be Worth $1,200 Today
16 Jun 22
If You Invested $100 In TJX Companies 20 Years Ago, You Would Have $1,200 Today
3 Jun 22
Press releases
General Mills Elects C. Kim Goodwin to Board of Directors
27 Jun 22
Thinking about trading options or stock in Boeing, Kroger, Qualcomm, TJX Companies, or Walmart?
16 Jun 22
The TJX Companies, Inc. Announces Quarterly Common Stock Dividend
7 Jun 22
Thinking about trading options or stock in Walmart, Home Depot, TJX Companies, Advanced Micro Devices, or Tesla?
18 May 22
The TJX Companies, Inc. Reports Q1 FY23 Results; Marmaxx Comp Store Sales Increased 3%
18 May 22
Analyst ratings and price targets
Current price
Average target
$75.00
Low target
$60.00
High target
$85.00
Morgan Stanley
Maintains
$80.00
Baird
Maintains
$74.00
Credit Suisse
Maintains
$75.00
JP Morgan
Maintains
$76.00
Barclays
Maintains
$85.00
Wells Fargo
Downgraded
$60.00
Calendar
27 May 22
2 Jul 22
1 Feb 23
Financial summary
Quarter (USD) | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Jan 22 | Jan 21 | Jan 20 | Feb 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.3B | 4.3B | 4.3B | 4.3B | 4.3B | 4.3B |
Cash burn (monthly) | 643.9M | 373.37M | (no burn) | (no burn) | 211.49M | (no burn) |
Cash used (since last report) | 1.35B | 783.51M | n/a | n/a | 443.82M | n/a |
Cash remaining | 2.94B | 3.51B | n/a | n/a | 3.85B | n/a |
Runway (months of cash) | 4.6 | 9.4 | n/a | n/a | 18.2 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Jun 22 | Abdalla Zein | Common Stock | Payment of exercise | Dispose F | No | No | 61.05 | 393 | 23.99K | 25,633 |
7 Jun 22 | Abdalla Zein | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,308 | 0 | 26,026 |
7 Jun 22 | Abdalla Zein | Common Stock | Payment of exercise | Dispose F | No | No | 61.05 | 7,286 | 444.81K | 24,718 |
7 Jun 22 | Abdalla Zein | Common Stock | Option exercise | Acquire M | No | No | 0 | 24,286 | 0 | 32,004 |
7 Jun 22 | Abdalla Zein | Deferred Stock Units Common Stock | Option exercise | Dispose M | No | No | 0 | 24,286 | 0 | 0 |
7 Jun 22 | Abdalla Zein | Deferred Stock Units Common Stock | Grant | Acquire A | No | No | 0 | 420.24 | 0 | 24,285.95 |
7 Jun 22 | Abdalla Zein | Deferred Stock Units Common Stock | Option exercise | Dispose M | No | No | 0 | 1,308 | 0 | 0 |
7 Jun 22 | Abdalla Zein | Deferred Stock Units Common Stock | Grant | Acquire A | No | No | 0 | 22.63 | 0 | 1,307.95 |
7 Jun 22 | Ching David T | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,316 | 0 | 19,635 |
7 Jun 22 | Ching David T | Deferred Stock Units Common Stock | Option exercise | Dispose M | No | No | 0 | 1,316 | 0 | 9,968.64 |
Institutional ownership, Q1 2022
89.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1568 |
Opened positions | 113 |
Closed positions | 227 |
Increased positions | 657 |
Reduced positions | 585 |
13F shares | Current |
---|---|
Total value | 63.52B |
Total shares | 1.05B |
Total puts | 4.71M |
Total calls | 4.72M |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 90.14M | $5.46B |
Wellington Management | 84.92M | $5.14B |
BLK Blackrock | 75.28M | $4.56B |
STT State Street | 47.39M | $2.87B |
BK Bank Of New York Mellon | 30.77M | $1.86B |
FMR | 26.34M | $1.6B |
BAC Bank Of America | 22.62M | $1.37B |
JPM JPMorgan Chase & Co. | 21.61M | $1.31B |
Geode Capital Management | 19.57M | $1.18B |
Jennison Associates | 18.14M | $1.1B |
Financial report summary
?Risks
- Our business, financial condition and results of operations have been and are expected to continue to be adversely affected by the impact of the COVID-19 pandemic.
- Failure to execute our opportunistic buying strategy and successfully manage our inventory could adversely affect our results.
- Failure to identify consumer trends and preferences, or to otherwise meet customer demand or expectations, in new or existing markets or channels could negatively impact our performance.
- We operate in highly competitive markets, and we may not be able to compete effectively.
- If we fail to successfully implement our marketing efforts and these marketing efforts are not successful in driving expected traffic to our stores or if our competitors’ marketing programs are more effective than ours, our revenue or results of operations may be adversely affected.
- Failure to continue to expand our business successfully could adversely affect our financial results
- Failure to effectively manage the large size and scale of our operations may adversely affect our financial results.
- We source our merchandise globally, which subjects us to risks, including when moving merchandise internationally.
- Our results and profitability could be adversely affected by labor costs, including wage, pension, health and other costs, or other challenges from our large workforce.
- Failure to employ quality Associates in appropriate numbers and to retain key Associates and management could adversely affect our performance.
- Compromises of our data security, disruptions in our information technology systems, or failure to satisfy the information technology needs of our business could result in material loss or liability, materially impact our operating results or materially harm our reputation.
- Damage to our corporate reputation or those of our retail banners could adversely affect our sales and operating results.
- We depend upon strong cash flows from our operations to supply capital to fund our operations, growth, stock repurchases and dividends and interest and debt repayment.
- Further expansion of our international operations could expose us to risks inherent in operating in new countries.
- Our quarterly operating results fluctuate and may fall short of prior periods, our projections or the expectations of securities analysts or investors, which could adversely affect our stock price.
- If we engage in mergers or acquisitions or investments in new businesses, or divest, close or consolidate any of our current businesses, our business could be subject to additional risks.
- Our large number of real estate leases, which generally obligate us for long periods, subject us to potential financial risk.
- Failure to protect our inventory or other assets from loss and theft may impact our financial results.
- Economic conditions on a global level or in particular markets, geopolitical uncertainty, and other factors creating uncertainty and instability may adversely affect consumer confidence and discretionary spending, which could affect our financial performance.
- Changes in economic conditions, on a global level or in particular markets, may adversely affect our sources of liquidity and costs of capital and increase our financial exposure, and our strategies for managing these financial risks may not be effective or sufficient.
- Our results may be adversely affected by serious disruptions, catastrophic events or public health crises.
- As our business is subject to seasonal influences, a decrease in sales or margins, a severe disruption or other significant event that impacts our business during the second half of the year could have a disproportionately adverse effect on our operating results.
- Our results may be adversely affected by increased utility, transportation or logistics costs; reduced availability or increased cost of oil or other fuels; or increased costs of other commodities.
- Adverse or unseasonable weather may adversely affect our sales and operating results.
- Fluctuations in currency exchange rates may lead to lower revenues and earnings.
- Failure to comply with laws, rules, regulations and orders and applicable accounting principles and interpretations could negatively affect our business operations and financial performance.
- Our results may be materially adversely affected by the outcomes of litigation, legal proceedings and other legal or regulatory matters.
Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
- We are the leading off-price apparel and home fashions retailer in the U.S. and worldwide. Our mission is to deliver great value to our customers every day. We do this by selling a rapidly changing assortment of apparel, home fashions and other merchandise at prices generally 20% to 60% below full-price retailers’ (including department, specialty, and major online retailers) regular prices on comparable merchandise, every day through our stores and five distinctive branded e-commerce sites. We operate over 4,700 stores through our four main segments: in the U.S., Marmaxx (which operates T.J. Maxx, Marshalls, tjmaxx.com and marshalls.com) and HomeGoods (which operates HomeGoods, Homesense and homegoods.com); TJX Canada (which operates Winners, HomeSense and Marshalls in Canada); and TJX International (which operates T.K. Maxx, Homesense and tkmaxx.com in Europe, and T.K. Maxx in Australia). In addition to our four main segments, Sierra operates sierra.com and retail stores in the U.S. The results of Sierra are included in the Marmaxx segment.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
acquired, arrangement, Award, center, compensatory, contract, count, COVID, critical, divest, divesting, domiciled, EBITDAR, experienced, Familia, foreseeable, geographically, global, granted, intention, invasion, lack, law, Luxembourg, ownership, point, receipt, resolution, Restricted, Richard, rolling, Russia, Russian, Sherr, site, South, stake, strongest, Ukraine
Removed:
advertising, agreed, annualized, August, authorizing, behavior, brought, cleaning, close, compare, confidence, conform, consideration, deal, December, defendant, disease, distancing, duty, efficiently, elicit, employee, enhanced, equal, equipment, established, EU, evolve, exercise, expiration, extinguishment, favorably, finalized, fit, flexibility, flowing, health, historically, hour, hourly, immigration, impacted, implemented, improved, increasing, injunctive, insight, intermittent, lease, legislation, light, located, managing, mature, monetary, move, movement, national, negatively, November, Organization, outcome, past, personal, posed, processing, produced, profitability, prolonged, protective, public, putative, range, realigned, recruit, redeemed, reducing, reference, reinstated, relief, remotely, rent, reopen, reopened, reopening, response, resurgence, retain, salaried, sale, significantly, social, source, spend, spreading, subsequently, support, suspended, talent, thereof, thereon, treatment, uncertainty, unfavorable, unknown, unpaid, volume, withheld, working, world
Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
9 Jun 22
8-K
Results of Operations and Financial Condition
18 May 22
8-K
Departure of Directors or Certain Officers
3 May 22
8-K
Other Events
3 Mar 22
8-K
Results of Operations and Financial Condition
23 Feb 22
8-K
Departure of Directors or Certain Officers
1 Feb 22
8-K
Other Events
14 Dec 21
8-K
Results of Operations and Financial Condition
17 Nov 21
8-K
Results of Operations and Financial Condition
18 Aug 21
8-K
Entry into a Material Definitive Agreement
29 Jun 21
Registration and prospectus
424B2
Prospectus for primary offering
20 Nov 20
FWP
Free writing prospectus
18 Nov 20
424B5
Prospectus supplement for primary offering
18 Nov 20
424B2
Prospectus for primary offering
31 Mar 20
FWP
Free writing prospectus
30 Mar 20
424B2
Prospectus for primary offering
30 Mar 20
S-3ASR
Automatic shelf registration
30 Mar 20
424B2
Prospectus for primary offering
8 Sep 16
FWP
Free writing prospectus
7 Sep 16
424B2
Prospectus for primary offering
6 Sep 16
Proxies
DEFA14A
Additional proxy soliciting materials
2 Jun 22
PX14A6G
Letter to shareholders
20 May 22
PX14A6G
Letter to shareholders
18 May 22
PX14A6G
Letter to shareholders
11 May 22
PX14A6G
Letter to shareholders
3 May 22
DEF 14A
Definitive proxy
29 Apr 21
DEFA14A
Additional proxy soliciting materials
18 May 20
PX14A6G
Letter to shareholders
7 May 20
PX14A6G
Letter to shareholders
28 Apr 20
Other
SD
Conflict minerals disclosure
31 May 22
SD
Conflict minerals disclosure
1 Jun 21
UPLOAD
Letter from SEC
3 Mar 21
CORRESP
Correspondence with SEC
23 Feb 21
CORRESP
Correspondence with SEC
28 Jan 21
UPLOAD
Letter from SEC
26 Jan 21
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
Ownership
4
TJX COMPANIES / C KIM GOODWIN ownership change
9 Jun 22
4
TJX COMPANIES / Jose B Alvarez ownership change
9 Jun 22
4
TJX COMPANIES / Jackwyn Nemerov ownership change
9 Jun 22
4
TJX COMPANIES / JOHN F OBRIEN ownership change
9 Jun 22
4
TJX COMPANIES / AMY B LANE ownership change
9 Jun 22
4
TJX COMPANIES / ROSEMARY T BERKERY ownership change
9 Jun 22
4
TJX COMPANIES / ALAN M BENNETT ownership change
9 Jun 22
4
TJX COMPANIES / Zein Abdalla ownership change
9 Jun 22
4
TJX COMPANIES / DAVID T CHING ownership change
9 Jun 22
4
TJX COMPANIES / MICHAEL F HINES ownership change
9 Jun 22
Transcripts
2023 Q1
Earnings call transcript
18 May 22
2022 Q4
Earnings call transcript
23 Feb 22
2021 Q3
Earnings call transcript
17 Nov 21
2021 Q2
Earnings call transcript
18 Aug 21
2022 Q1
Earnings call transcript
19 May 21
2021 Q4
Earnings call transcript
24 Feb 21
2021 Q3
Earnings call transcript
18 Nov 20
2021 Q2
Earnings call transcript
19 Aug 20
2021 Q1
Earnings call transcript
21 May 20
2020 Q4
Earnings call transcript
26 Feb 20
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