TJX CompaniesTJX
Market Cap: $132B
About: TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 21,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its 5,000 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.
Employees: 349,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
34% more first-time investments, than exits
New positions opened: 188 | Existing positions closed: 140
19% more repeat investments, than reductions
Existing positions increased: 865 | Existing positions reduced: 728
12% more funds holding in top 10
Funds holding in top 10: 59 [Q1] → 66 (+7) [Q2]
6% more capital invested
Capital invested by funds: $106B [Q1] → $112B (+$6.72B) [Q2]
2% more funds holding
Funds holding: 1,988 [Q1] → 2,036 (+48) [Q2]
10% less call options, than puts
Call options by funds: $1.12B | Put options by funds: $1.24B
67.34% less ownership
Funds ownership: 157.71% [Q1] → 90.37% (-67.34%) [Q2]
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Morgan Stanley Alexandra Steiger 30% 1-year accuracy 7 / 23 met price target | 10%upside $129 | Overweight Maintained | 22 Aug 2024 |
Wells Fargo Ike Boruchow 53% 1-year accuracy 19 / 36 met price target | 2%downside $115 | Equal-Weight Maintained | 22 Aug 2024 |
UBS Jay Sole 48% 1-year accuracy 13 / 27 met price target | 26%upside $148 | Buy Maintained | 22 Aug 2024 |
Barclays Adrienne Yih 48% 1-year accuracy 24 / 50 met price target | 16%upside $136 | Overweight Maintained | 22 Aug 2024 |
Jefferies Corey Tarlowe 55% 1-year accuracy 11 / 20 met price target | 19%upside $140 | Buy Maintained | 22 Aug 2024 |
Financial journalist opinion
Based on 52 articles about TJX published over the past 30 days