TJX CompaniesTJX
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 20,000 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 Q3 regulatory filings by fund managers ($100M+ AUM)
83% more first-time investments, than exits
New positions opened: 188 | Existing positions closed: 103
4% more funds holding
Funds holding: 2,051 [Q2] → 2,136 (+85) [Q3]
1% more capital invested
Capital invested by funds: $115B [Q2] → $117B (+$1.4B) [Q3]
0% more call options, than puts
Call options by funds: $1.12B | Put options by funds: $1.12B
0% more funds holding in top 10
Funds holding in top 10: 66 [Q2] → 66 (+0) [Q3]
3% less repeat investments, than reductions
Existing positions increased: 813 | Existing positions reduced: 842
4.42% less ownership
Funds ownership: 92.6% [Q2] → 88.18% (-4.42%) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Telsey Advisory Group Dana Telsey 67% 1-year accuracy 126 / 189 met price target | 10%upside $134 | Outperform Maintained | 6 Dec 2024 |
Jefferies Corey Tarlowe 48% 1-year accuracy 12 / 25 met price target | 19%upside $145 | Buy Maintained | 5 Dec 2024 |
Guggenheim Robert Drbul 55% 1-year accuracy 18 / 33 met price target | 15%upside $140 | Buy Maintained | 5 Dec 2024 |
Baird Mark Altschwager 73% 1-year accuracy 24 / 33 met price target | 13%upside $138 | Outperform Maintained | 5 Dec 2024 |
TD Cowen John Kernan 80% 1-year accuracy 45 / 56 met price target | 8%upside $132 | Buy Maintained | 22 Nov 2024 |
Financial journalist opinion
Based on 18 articles about TJX published over the past 30 days
