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TJX Companies (TJX)

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
SEC CIK
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

Calendar

27 May 22
2 Jul 22
1 Feb 23
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

Beta Read what these cash burn values mean

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
89.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1568 1682 -6.8%
Opened positions 113 268 -57.8%
Closed positions 227 131 +73.3%
Increased positions 657 685 -4.1%
Reduced positions 585 508 +15.2%
13F shares Current Prev Q Change
Total value 63.52B 81.44B -22.0%
Total shares 1.05B 1.07B -2.3%
Total puts 4.71M 4.05M +16.4%
Total calls 4.72M 6.69M -29.4%
Total put/call ratio 1.0 0.6 +64.9%
Largest owners Shares Value Change
Vanguard 90.14M $5.46B +0.3%
Wellington Management 84.92M $5.14B +1.5%
BLK Blackrock 75.28M $4.56B -1.7%
STT State Street 47.39M $2.87B -3.3%
BK Bank Of New York Mellon 30.77M $1.86B -4.4%
FMR 26.34M $1.6B +8.0%
BAC Bank Of America 22.62M $1.37B +2.9%
JPM JPMorgan Chase & Co. 21.61M $1.31B +3.0%
Geode Capital Management 19.57M $1.18B +2.6%
Jennison Associates 18.14M $1.1B -1.6%
Largest transactions Shares Bought/sold Change
RY Royal Bank Of Canada 11.11M -18.81M -62.9%
Norges Bank 0 -10.89M EXIT
Ontario Teachers Pension Plan Board 6.74M +6.74M NEW
TROW T. Rowe Price 16.24M -6.1M -27.3%
1832 Asset Management 8.13M +4.76M +141.0%
Holocene Advisors 5.05M +4.61M +1038.6%
Capital International Investors 10.7M +4.32M +67.8%
AMP Ameriprise Financial 7.9M -3.65M -31.6%
Nuveen Asset Management 13.93M -2.2M -13.6%
Millennium Management 2.45M +2.05M +508.6%

Financial report summary

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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

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