Streetbeat News

TJX

The TJX Companies, Inc.

https://www.tjx.com

Industry

Apparel - Retail

The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; and other merchandise. As of February 23, 2022, it operated 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra, and 39 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 293 Winners, 147 HomeSense, and 106 Marshalls stores in Canada; 618 T.K. Maxx and 77 Homesense stores, as well as tkmaxx.com in Europe; and 68 T.K. Maxx stores in Australia. The company was incorporated in 1962 and is headquartered in Framingham, Massachusetts.

Open

115.79

Mkt cap

132B

Volume

3.1M

High

117.58

P/E Ratio

28.29

52-wk high

121.13

Low

115.54

Div yield

0.01

52-wk low

87.26

Over the past 20 years, TJX Companies (NYSE:TJX) has produced an average annual return of 15.18%, outperforming the market by 7.64% on an annualized basis. A $1000 investment in TJX stock 20 years ago would be worth $17,053.08 today. TJX currently has a market capitalization of $103.45 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 6:30 pm

TJX Companies (NYSE:TJX) has seen a 35.53% increase in short interest since its last report, with 11.81 million shares sold short, representing 1.03% of available shares. The short interest ratio is 1.78 days to cover. While an increase in short interest can indicate bearish sentiment, TJX has less short interest compared to its peer group average of 16.63%. The rise in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 8:45 pm

Over the past 10 years, TJX Companies (NYSE:TJX) has delivered an average annual return of 11.03%, outperforming the market. A $1000 investment in TJX stock a decade ago would be worth $2,851.76 today. TJX currently has a market cap of $100.83 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:30 pm

Over the past 15 years, TJX Companies (NYSE:TJX) has produced an average annual return of 20.2%, outperforming the market. A $1000 investment in TJX stock 15 years ago would be worth $15,876.65 today. The company currently has a market capitalization of $103.08 billion.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 4:30 pm

UBS analyst Manav Gupta has maintained a Neutral rating on TJX Companies (NYSE:TJX) and increased the price target from $90 to $91.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:11 pm

TJX Companies Inc reported Q3 FY24 sales growth of 9% year-on-year to $13.3 billion, surpassing estimates. EPS of $1.03 also beat expectations. However, the company issued a weaker Q4 profit forecast, with adjusted EPS expected between 97 cents and $1, down from the previous forecast. Following the earnings report, TJX shares dropped by 1.8%. Telsey Advisory Group and Morgan Stanley raised their price targets for TJX, maintaining positive ratings.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 4:54 pm

Morgan Stanley analyst Alexandra Steiger has maintained an Overweight rating on TJX Companies (NYSE:TJX) and increased the price target from $99 to $101.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:05 pm

Telsey Advisory Group analyst Dana Telsey has maintained an Outperform rating on TJX Companies (NYSE:TJX) and increased the price target from $100 to $105.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:40 am

Market sentiment improved as the Fear and Greed index moved to 'Neutral'. U.S. stocks rose after the PPI data indicated a decline, contrary to expectations. TJX shares fell after a weak Q4 profit forecast, while Target's shares surged post strong Q3 results. S&P 500 sectors mostly gained, except energy and utilities. Investors look forward to earnings from AMAT, WMT, and BABA.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 9:59 am

Target Corporation reported an unexpected earnings beat for Q3 with revenue of $25.4 billion, surpassing estimates despite a YoY sales decline and a 5% drop in comparable sales. Digital sales fell 6% YoY, but net income rose 36% to $971 million. The earnings beat was attributed to strong sales in women's fall fashion apparel, jewelry, and a new kitchenware brand. However, Target's CFO warned of a challenging holiday quarter with expected mid-single-digit declines in comparable sales and adjusted EPS between $1.90 and $2.60. Walmart, which reports later in the week, did not hire additional holiday staff, suggesting a softer holiday season. Home Depot, Macy's, and TJX Companies are also set to report earnings this week.

Portfolio Pulse from Upwallstreet

November 15, 2023 | 5:04 pm

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