The TJX Companies, Inc.
- Open
- 151.14
- Day high
- 151.87
- Day low
- 150.25
- Prev close
- 150.90
- Volume
- 4.1M
- Mkt cap
- $167.4B
- P/E (TTM)
- 29.3
- EPS (TTM)
- $5.16
- P/B
- 16.1
- P/S
- 2.7
- Yield
- 0.60%
- Per share
- $0.91
- ▼Insiders net selling -$27.7M over the last 3 months (0 open-market buys, 8 sales)
- 🏛Institutions accumulating (13F)
The TJX Companies, Inc. (TJX) is a Consumer Cyclical company listed on NYSE. The stock is up 22% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 8 sales (SEC Form 4). Drillr has 4 published research articles covering TJX.
The TJX Companies, Inc. (TJX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TJX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 20, 2026 | $1.02 | $1.19 | +16.7% | $14.3B | +2.2% |
| Feb 25, 2026 | $1.39 | $1.43 | +2.9% | $17.7B | +2.2% |
| Nov 19, 2025 | $1.23 | $1.28 | +4.1% | $15.1B | +1.8% |
| Aug 20, 2025 | $1.01 | $1.10 | +8.9% | $14.4B | +1.8% |
| May 21, 2025 | $0.92 | $0.92 | +0.5% | $13.1B | +0.7% |
| Feb 26, 2025 | $1.16 | $1.23 | +6.0% | $16.4B | +0.9% |
| Nov 20, 2024 | $1.10 | $1.14 | +3.6% | $14.1B | +0.8% |
| Aug 21, 2024 | $0.92 | $0.96 | +4.3% | $13.5B | +1.2% |
| May 22, 2024 | $0.87 | $0.93 | +6.9% | $12.5B | -0.1% |
| Feb 28, 2024 | $1.12 | $1.22 | +8.9% | $16.4B | +1.3% |
| Nov 15, 2023 | $0.99 | $1.03 | +4.0% | $13.3B | +1.7% |
| Aug 16, 2023 | $0.77 | $0.85 | +10.4% | $12.8B | +2.9% |
TJX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 12, 2026 | Nemerov Jackwyndirector | Sell | 957 | $168.59 |
| Jun 11, 2026 | CHING DAVID Tdirector | Grant | 102 | — |
| Jun 11, 2026 | BENNETT ALAN Mdirector | Grant | 637 | — |
| Jun 11, 2026 | LANE AMY Bdirector | Option | 802 | — |
| Jun 11, 2026 | LANE AMY Bdirector | Grant | 848 | — |
| Jun 11, 2026 | BERKERY ROSEMARY Tdirector | Grant | 637 | — |
| Jun 11, 2026 | Nemerov Jackwyndirector | Grant | 156 | — |
| Jun 11, 2026 | Nemerov Jackwyndirector | Grant | 637 | — |
| Jun 11, 2026 | CHING DAVID Tdirector | Option | 802 | — |
| Jun 11, 2026 | Nemerov Jackwyndirector | Grant | 125 | — |
| Jun 11, 2026 | LANE AMY Bdirector | Grant | 637 | — |
| Jun 11, 2026 | BERKERY ROSEMARY Tdirector | Option | 802 | — |
| Jun 11, 2026 | CHING DAVID Tdirector | Grant | 681 | — |
| Jun 11, 2026 | BENNETT ALAN Mdirector | Grant | 654 | — |
| Jun 11, 2026 | WAGNER CHARLES F JRdirector | Grant | 26 | — |
Source: TJX SEC Form 4 filings, latest Jun 12, 2026. For informational purposes only — not investment advice.
See the full TJX insider & 13F page →TJX research & analysis
Off-Price Retail Scorecard: Ranking OLLI, FIVE, BURL, TJX, and ROST on Growth and Margins
TJX leads the off-price retail group with 12% operating margins and 54% ROE, while Ollie's offers the best value at 23x forward P/E with double-digit revenue growth. Five Below commands the richest valuation despite the weakest earnings track record, making it the least attractive risk/reward in the group.
OLLIFIVEBURLHow do TJX and Ross's margins compare to Ollie's and Burlington as the off-price sector matures?
Burlington and Ollie's carry significantly higher gross margins (41.9% and 40.3%) than TJX and Ross (31.1% and 27.9%), but the larger players convert more efficiently — TJX and Ross deliver 12.0% and 11.9% operating margins respectively versus Burlington's 8.9%. Ross emerges as the quiet margin leader with a best-in-class 9.7% FCF margin, while Burlington's 21.6% EBITDA growth signals the fastest margin expansion trajectory in the group.
ROSTOLLIBURLHow does Ollie's gross margin compare to TJX and Burlington as closeout deal flow tightens?
Ollie's 40.3% TTM gross margin ranks between Burlington (41.9%) and well above TJX (31.1%) and Ross (27.9%), but OLLI's quarterly margins compressed 180bps YoY in Q4 2025 while TJX expanded by 140bps. The divergence highlights OLLI's vulnerability to tightening closeout supply versus TJX's diversified sourcing model, with operating margin (10.2% vs TJX's 13.0%) further constrained by SGA deleveraging at smaller scale.
OLLIBURLROSTWhich regions offer the best whitespace for Ollie's next 750 stores?
Ollie's operates 645 stores across 34 states with distribution infrastructure supporting up to 750 locations, targeting 1,300+ long-term. The Deep South (backfill), Upper Midwest (Princeton DC unlock), and Mountain West (long-term frontier) represent the highest-potential whitespace regions, supported by a capital-efficient unit model (~$1M investment, ~2-year payback) and an unprecedented bankruptcy-acquisition pipeline that delivered 63 of 86 new stores in FY2025.
OLLIBURL
The TJX Companies, Inc. company profile
Overview
The TJX Companies, Inc. (NYSE:TJX) is one of the world's largest off-price apparel and home fashion retailers, founded in 1962 and headquartered in Framingham, Massachusetts. The company went public in 1987 and has grown from a single discount store concept into a global retail empire operating over 5,000 stores across four continents. TJX pioneered the off-price retail model, which involves purchasing brand-name merchandise at significant discounts from manufacturers and retailers, then selling these items to consumers at prices substantially below traditional retail. Today, the company operates well-known retail chains including T.J. Maxx, Marshalls, HomeGoods, Winners, and T.K. Maxx, serving millions of customers who seek quality branded merchandise at discounted prices.
Business
TJX operates in the off-price retail industry, a specialized segment of retail that focuses on selling brand-name apparel, home goods, and accessories at prices typically 20-60% below regular retail prices. The off-price model works by purchasing excess inventory, overstock, and closeout merchandise from manufacturers, traditional retailers, and other sources, then selling these items quickly through a network of retail stores. The company operates through four main business segments: 1. **Marmaxx (approximately 60% of total revenue)**: This is TJX's largest division, operating T.J. Maxx, Marshalls, and Sierra stores in the United States. T.J. Maxx and Marshalls focus on family apparel, footwear, accessories, and home fashions, while Sierra specializes in outdoor and active lifestyle merchandise. With over 2,400 stores combined, Marmaxx generates more than $34 billion in annual sales. 2. **HomeGoods (approximately 17% of total revenue)**: Operating HomeGoods and Homesense stores in the United States, this segment specializes in home fashions including furniture, rugs, lighting, giftware, decorative accessories, and kitchenware. The division has grown to nearly $9.4 billion in annual sales with over 850 stores. 3. **TJX Canada (approximately 9% of total revenue)**: This segment operates Winners, HomeSense, and Marshalls stores in Canada, offering similar merchandise categories as their U.S. counterparts. The division generates approximately $5.2 billion in annual sales from over 540 stores. 4. **TJX International (approximately 13% of total revenue)**: Operating primarily T.K. Maxx stores in Europe and Australia, plus Homesense stores in Europe, this segment has grown to over $7 billion in annual sales. The company is expanding this segment through new joint ventures in Mexico and the Middle East. The "treasure hunt" shopping experience is central to TJX's appeal - customers never know exactly what branded merchandise they'll find, as inventory changes frequently with new shipments arriving multiple times per week. This creates excitement and urgency that drives frequent store visits and impulse purchases.
Revenue model
TJX generates revenue primarily through product sales across its retail stores and e-commerce platforms. The company's business model is built on purchasing merchandise at significant discounts and selling it at prices that still provide attractive margins while offering substantial savings to customers. The company's buying strategy is fundamental to its profitability. TJX maintains relationships with over 21,000 vendors across 100+ countries, allowing buyers to source merchandise opportunistically. When manufacturers have excess inventory, canceled orders, or overproduction, TJX can purchase these goods at steep discounts. The company's massive scale and financial strength enable it to make large, immediate cash purchases that vendors prefer. **Revenue Generation Factors:** - **High inventory turnover**: Fresh merchandise arrives multiple times weekly, encouraging frequent customer visits - **Broad customer appeal**: Attracts shoppers across all income levels and age groups, from Gen Z to baby boomers - **Multiple price points**: "Good, better, best" merchandise mix appeals to various customer segments - **Geographic diversification**: Operations across North America, Europe, and Australia reduce regional economic risks **Margin Enhancement Factors:** - **Vendor relationship leverage**: Long-standing relationships with suppliers provide access to better merchandise at lower costs - **Flexible sourcing**: Ability to quickly shift purchasing based on availability and pricing opportunities - **Operational efficiency**: Streamlined distribution and inventory management systems - **Strategic pricing**: Regular competitive analysis ensures optimal pricing while maintaining value perception **Margin Pressure Factors:** - **Economic downturns**: Reduced consumer spending affects sales volume and pricing power - **Supply chain disruptions**: Can limit merchandise availability or increase transportation costs - **Currency fluctuations**: International operations expose the company to foreign exchange risks - **Competitive pressure**: Traditional retailers' promotional activities and other off-price competitors - **Labor costs**: Wage inflation and employee benefit costs impact store-level profitability - **Tariffs and trade policies**: Import duties on foreign-sourced merchandise can increase costs
Competitive moat
TJX possesses a strong competitive moat built on several interconnected advantages that are difficult for competitors to replicate. The company's primary moat stems from its scale and vendor relationships. With over 21,000 vendor relationships built over decades, TJX has become the preferred partner for manufacturers and retailers looking to quickly liquidate excess inventory. This scale gives TJX first access to the best merchandise at the deepest discounts, creating a virtuous cycle where better inventory drives more customers, which enables larger purchases and even better vendor terms. The company's operational expertise in off-price retail represents another significant barrier to entry. TJX has developed sophisticated systems for rapidly processing, pricing, and distributing constantly changing inventory across thousands of stores. This includes expertise in merchandise allocation, store layout optimization, and inventory management that competitors would need years to develop. **Competitive Strengths:** - **Buying power**: Largest off-price retailer globally with unmatched purchasing scale - **Distribution infrastructure**: Established logistics network supporting rapid inventory turnover - **Brand recognition**: Strong consumer awareness of T.J. Maxx, Marshalls, and other banners - **Real estate portfolio**: Prime retail locations secured through long-term relationships with landlords - **Management expertise**: Deep institutional knowledge of off-price retail operations **Potential Competitive Threats:** - **E-commerce disruption**: Online retailers like Amazon's off-price initiatives and flash sale sites - **Traditional retailer adaptations**: Department stores and specialty retailers improving their clearance and promotional strategies - **New entrants**: Well-capitalized companies attempting to replicate the off-price model - **Economic sensitivity**: The treasure hunt model depends on consumer discretionary spending However, the physical nature of the treasure hunt experience, the need for immediate gratification in bargain hunting, and the complexity of managing constantly changing inventory provide natural defenses against pure e-commerce competition. The moat appears sustainable in the medium term, though requires continuous investment in vendor relationships and operational capabilities.
Risks & safety
TJX demonstrates a **strong margin of safety** with robust financial fundamentals and conservative capital structure. **Liquidity and Solvency:** - Cash and short-term investments: $5.3 billion provides substantial financial flexibility - Current ratio: 1.18 indicates adequate short-term liquidity - Operating cash flow: $6.1 billion annually demonstrates strong cash generation - Free cash flow: $4.2 billion annually after capital expenditures - Debt-to-equity ratio: 1.52 is manageable for a retail company with stable cash flows **Valuation Metrics:** - P/E ratio: 25.4x appears reasonable for a quality retailer with consistent growth - EV/EBITDA: 16.9x reflects moderate valuation relative to earnings power - Price-to-book: 16.9x is elevated but justified by high returns on equity (16.7%) - Graham number suggests potential undervaluation relative to conservative metrics **Other Considerations:** - Consistent profitability across economic cycles demonstrates business model resilience - Strong return on equity (16.7%) indicates efficient capital allocation - Regular dividend payments and share buybacks ($4.1 billion returned to shareholders in fiscal 2025) - Geographic diversification reduces concentration risk - Inventory management expertise minimizes obsolescence risk
Recent development
Over the past few years, TJX has pursued an aggressive global expansion strategy while strengthening its core North American operations. The company reached the milestone of opening its 5,000th store and has outlined plans to eventually operate 7,000 stores globally, indicating significant runway for continued growth. **International Expansion Initiatives:** TJX has made substantial investments in international growth, including expanding T.K. Maxx into Spain, establishing joint ventures in Mexico and the Middle East (UAE and Saudi Arabia), and making a strategic investment in Brands for Less to enhance its global footprint. These initiatives represent the company's confidence in replicating its off-price model across diverse markets and cultures. **Digital and Omnichannel Development:** While maintaining its focus on physical stores, TJX has enhanced its e-commerce capabilities through tjmaxx.com, marshalls.com, sierra.com, and tkmaxx.com. The company has also invested in digital marketing to attract younger customers, particularly Gen Z and millennials, who represent a growing portion of its customer base. **Operational Excellence Focus:** The company has continued investing in its supply chain and distribution capabilities to support rapid inventory turnover. Recent initiatives include enhanced vendor relationship management, improved merchandise allocation systems, and investments in associate training and development to maintain service quality during expansion. **Sustainability and Corporate Responsibility:** TJX has established ambitious environmental goals, including a commitment to achieve net zero emissions by 2040. The company has also focused on creating inclusive workplace cultures and maintaining ethical sourcing practices across its global vendor network. **Market Share Capture Strategy:** Management has consistently emphasized opportunities to gain market share from traditional retailers facing challenges, particularly benefiting from store closures that create both real estate opportunities and additional merchandise availability from distressed retailers.
TJX company profile · for informational purposes only — not investment advice.
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