TJX Companies
The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer. The last earnings update was 25 days ago. More info.
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TJX Share Price and Events
7 Day Returns
1 Year Returns
TJX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| TJX Companies (TJX) | 1.1% | 4% | 25.7% | 31% | 35.7% | 74.2% |
| US Specialty Retail | 1.1% | 0.4% | 19.5% | 19.7% | 21.7% | 41% |
| US Market | -1.1% | 0.3% | 17.2% | 6.4% | 37.9% | 42.1% |
1 Year Return vs Industry and Market
- TJX outperformed the Specialty Retail industry which returned 19.7% over the past year.
- TJX outperformed the Market in United States of America which returned 6.4% over the past year.
Value
Is TJX Companies undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
TJX Companies
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for TJX Companies.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 25 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Specialty Retail Unlevered Beta | Simply Wall St/ S&P Global | 0.86 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.862 (1 + (1- 21%) (3.46%)) |
0.923 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.92 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.923 * 5.96%) |
8.23% |
Discounted Cash Flow Calculation for NYSE:TJX using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for TJX Companies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.23%) |
|
|---|---|---|---|
| 2019 | 2,740.34 | Analyst x8 | 2,531.90 |
| 2020 | 2,877.01 | Analyst x8 | 2,455.98 |
| 2021 | 2,893.63 | Analyst x7 | 2,282.28 |
| 2022 | 3,405.00 | Analyst x4 | 2,481.33 |
| 2023 | 3,372.33 | Analyst x3 | 2,270.60 |
| 2024 | 3,850.50 | Analyst x2 | 2,395.35 |
| 2025 | 4,108.47 | Est @ 6.7% | 2,361.42 |
| 2026 | 4,334.80 | Est @ 5.51% | 2,302.00 |
| 2027 | 4,537.45 | Est @ 4.68% | 2,226.33 |
| 2028 | 4,723.11 | Est @ 4.09% | 2,141.15 |
| Present value of next 10 years cash flows | $23,448.34 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $4,723.11 × (1 + 2.73%) ÷ (8.23% – 2.73%) |
$88,177.62 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $88,177.62 ÷ (1 + 8.23%)10 |
$39,974.03 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $23,448.34 + $39,974.03 |
$63,422.38 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $63,422.38 / 1,233.15 |
$51.43 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $51.43 |
| Current discount | Discount to share price of
$52.34
= -1 x ($52.34 - $51.43) / $51.43 |
-1.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of TJX Companies is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for TJX Companies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
TJX Companies's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-02-02) in USD | $2.43 |
| NYSE:TJX Share Price ** | NYSE (2019-03-22) in USD | $52.34 |
| United States of America Specialty Retail Industry PE Ratio | Median Figure of 66 Publicly-Listed Specialty Retail Companies | 15.09x |
| United States of America Market PE Ratio | Median Figure of 3,062 Publicly-Listed Companies | 17.16x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of TJX Companies.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:TJX Share Price ÷ EPS (both in USD) = 52.34 ÷ 2.43 |
21.54x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TJX Companies is overvalued based on earnings compared to the US Specialty Retail industry average.
- TJX Companies is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
TJX Companies's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 21.54x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts |
5.9%per year |
| United States of America Specialty Retail Industry PEG Ratio | Median Figure of 59 Publicly-Listed Specialty Retail Companies | 1.66x |
| United States of America Market PEG Ratio | Median Figure of 2,105 Publicly-Listed Companies | 1.44x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 21.54x ÷ 5.9% |
3.62x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TJX Companies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
TJX Companies's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-02-02) in USD | $4.06 |
| NYSE:TJX Share Price * | NYSE (2019-03-22) in USD | $52.34 |
| United States of America Specialty Retail Industry PB Ratio | Median Figure of 100 Publicly-Listed Specialty Retail Companies | 1.45x |
| United States of America Market PB Ratio | Median Figure of 5,165 Publicly-Listed Companies | 1.85x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:TJX Share Price ÷ Book Value per Share (both in USD) = 52.34 ÷ 4.06 |
12.9x |
* Primary Listing of TJX Companies.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TJX Companies is overvalued based on assets compared to the US Specialty Retail industry average.
Value checks
We assess TJX Companies's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check) TJX Companies has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- TJX Companies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- TJX Companies's earnings growth is positive but not above the United States of America market average.
- TJX Companies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:TJX Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts | 5.9% |
| NYSE:TJX Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 25 Analysts | 5.6% |
| United States of America Specialty Retail Industry Earnings Growth Rate | Market Cap Weighted Average | 10.1% |
| United States of America Specialty Retail Industry Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.2% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2024-01-31 | 52,765 | 5,655 | 4,322 | 2 |
| 2023-01-31 | 48,943 | 4,725 | 3,957 | 3 |
| 2022-01-31 | 46,400 | 4,912 | 3,600 | 8 |
| 2021-01-31 | 43,829 | 4,200 | 3,383 | 21 |
| 2020-01-31 | 41,312 | 4,138 | 3,180 | 25 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-02-02 | 38,973 | 4,089 | 3,060 |
| 2018-11-03 | 38,806 | 3,574 | 3,096 |
| 2018-08-04 | 37,743 | 3,483 | 2,975 |
| 2018-05-05 | 36,769 | 3,302 | 2,788 |
| 2018-02-03 | 35,865 | 3,026 | 2,608 |
| 2017-10-28 | 34,372 | 3,444 | 2,409 |
| 2017-07-29 | 33,901 | 3,546 | 2,317 |
| 2017-04-29 | 33,425 | 3,630 | 2,326 |
| 2017-01-28 | 33,184 | 3,627 | 2,298 |
| 2016-10-29 | 32,678 | 3,393 | 2,287 |
| 2016-07-30 | 32,140 | 3,192 | 2,324 |
| 2016-04-30 | 31,622 | 2,935 | 2,311 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
All data from TJX Companies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2024-01-31 | 4.10 | 4.10 | 4.10 | 1.00 |
| 2023-01-31 | 3.55 | 3.67 | 3.42 | 2.00 |
| 2022-01-31 | 3.09 | 3.30 | 2.80 | 5.00 |
| 2021-01-31 | 2.84 | 2.96 | 2.70 | 13.00 |
| 2020-01-31 | 2.61 | 2.65 | 2.55 | 15.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-02-02 | 2.43 |
| 2018-11-03 | 2.48 |
| 2018-08-04 | 2.37 |
| 2018-05-05 | 2.20 |
| 2018-02-03 | 2.05 |
| 2017-10-28 | 1.88 |
| 2017-07-29 | 1.79 |
| 2017-04-29 | 1.79 |
| 2017-01-28 | 1.75 |
| 2016-10-29 | 1.73 |
| 2016-07-30 | 1.75 |
| 2016-04-30 | 1.73 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess TJX Companies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
TJX Companies has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has TJX Companies performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- TJX Companies's year on year earnings growth rate has been positive over the past 5 years.
- TJX Companies's 1-year earnings growth exceeds its 5-year average (17.4% vs 7%)
- TJX Companies's earnings growth has exceeded the US Specialty Retail industry average in the past year (17.4% vs 11.1%).
Earnings and Revenue History
All data from TJX Companies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-02-02 | 38,972.93 | 3,059.80 | 6,923.56 | |
| 2018-11-03 | 38,806.31 | 3,095.54 | 6,902.54 | |
| 2018-08-04 | 37,742.78 | 2,974.72 | 6,730.31 | |
| 2018-05-05 | 36,769.36 | 2,788.05 | 6,514.24 | |
| 2018-02-03 | 35,864.66 | 2,607.95 | 6,375.07 | |
| 2017-10-28 | 34,371.59 | 2,408.60 | 6,057.07 | |
| 2017-07-29 | 33,901.06 | 2,316.95 | 5,935.42 | |
| 2017-04-29 | 33,425.41 | 2,326.17 | 5,845.02 | |
| 2017-01-28 | 33,183.74 | 2,298.23 | 5,768.47 | |
| 2016-10-29 | 32,678.17 | 2,286.77 | 5,687.99 | |
| 2016-07-30 | 32,139.98 | 2,324.24 | 5,517.82 | |
| 2016-04-30 | 31,621.66 | 2,311.40 | 5,372.11 | |
| 2016-01-30 | 30,944.94 | 2,277.66 | 5,205.72 | |
| 2015-10-31 | 30,286.82 | 2,259.42 | 5,014.88 | |
| 2015-08-01 | 29,899.39 | 2,267.12 | 4,915.77 | |
| 2015-05-02 | 29,452.87 | 2,235.41 | 4,790.99 | |
| 2015-01-31 | 29,078.41 | 2,215.13 | 4,695.38 | |
| 2014-11-01 | 28,583.24 | 2,149.19 | 4,604.30 | |
| 2014-08-02 | 28,199.05 | 2,176.89 | 4,569.67 | |
| 2014-05-03 | 27,724.26 | 2,138.82 | 4,521.23 | |
| 2014-02-01 | 27,422.70 | 2,137.40 | 4,467.09 | |
| 2013-11-02 | 27,337.72 | 2,159.95 | 4,491.42 | |
| 2013-08-03 | 26,766.76 | 1,998.84 | 4,423.04 | |
| 2013-05-04 | 26,269.90 | 1,940.38 | 4,327.23 | |
| 2013-02-02 | 25,878.37 | 1,906.69 | 4,250.45 | |
| 2012-10-27 | 24,864.32 | 1,777.16 | 4,068.66 | |
| 2012-07-28 | 24,246.53 | 1,722.09 | 3,932.62 | |
| 2012-04-28 | 23,769.25 | 1,649.34 | 3,877.80 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- TJX Companies made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
- TJX Companies used its assets more efficiently than the US Specialty Retail industry average last year based on Return on Assets.
- TJX Companies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess TJX Companies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
TJX Companies has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is TJX Companies's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up TJX Companies's finances.
The net worth of a company is the difference between its assets and liabilities.
- TJX Companies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- TJX Companies's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 3.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from TJX Companies Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-02-02 | 5,048.60 | 2,233.60 | 3,030.20 |
| 2018-11-03 | 5,256.87 | 2,232.86 | 2,711.77 |
| 2018-08-04 | 5,227.07 | 2,232.11 | 2,872.72 |
| 2018-05-05 | 5,262.41 | 2,231.36 | 3,117.01 |
| 2018-02-03 | 5,148.31 | 2,452.52 | 3,264.64 |
| 2017-10-28 | 4,645.61 | 2,229.86 | 2,875.86 |
| 2017-07-29 | 4,540.80 | 2,229.10 | 2,952.06 |
| 2017-04-29 | 4,553.52 | 2,228.35 | 3,126.59 |
| 2017-01-28 | 4,510.60 | 2,403.83 | 3,473.09 |
| 2016-10-29 | 4,329.81 | 2,226.91 | 2,826.34 |
| 2016-07-30 | 4,451.36 | 1,615.95 | 2,224.80 |
| 2016-04-30 | 4,534.97 | 1,615.48 | 2,347.86 |
| 2016-01-30 | 4,307.08 | 1,700.22 | 2,447.79 |
| 2015-10-31 | 4,350.46 | 1,624.01 | 2,123.05 |
| 2015-08-01 | 4,276.07 | 1,623.96 | 2,238.28 |
| 2015-05-02 | 4,290.29 | 1,623.91 | 2,588.79 |
| 2015-01-31 | 4,264.23 | 1,684.60 | 2,776.40 |
| 2014-11-01 | 4,373.81 | 1,623.82 | 2,430.85 |
| 2014-08-02 | 4,274.65 | 1,623.77 | 2,468.33 |
| 2014-05-03 | 4,283.49 | 1,274.25 | 2,319.18 |
| 2014-02-01 | 4,229.89 | 1,274.22 | 2,444.45 |
| 2013-11-02 | 4,123.77 | 1,274.19 | 2,262.03 |
| 2013-08-03 | 3,850.14 | 1,274.16 | 2,090.01 |
| 2013-05-04 | 3,762.67 | 1,274.13 | 2,227.88 |
| 2013-02-02 | 3,665.94 | 774.55 | 2,047.81 |
| 2012-10-27 | 3,466.39 | 774.53 | 1,842.90 |
| 2012-07-28 | 3,390.02 | 786.18 | 1,796.70 |
| 2012-04-28 | 3,331.81 | 786.89 | 1,738.56 |
- TJX Companies's level of debt (44.2%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (30.1% vs 44.2% today).
- Debt is well covered by operating cash flow (183%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 476.1x coverage).
Financial health checks
We assess TJX Companies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) TJX Companies has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is TJX Companies's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
TJX Companies
shares you are expected to receive
$30
in your first year as a dividend.
Dividend Amount
- TJX Companies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
- TJX Companies's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
| United States of America Specialty Retail Industry Average Dividend Yield | Market Cap Weighted Average of 39 Stocks | 2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2024-01-31 | 1.48 | 2.00 |
| 2023-01-31 | 1.30 | 3.00 |
| 2022-01-31 | 1.25 | 8.00 |
| 2021-01-31 | 1.04 | 10.00 |
| 2020-01-31 | 0.91 | 13.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-12-04 | 0.780 | 1.619 |
| 2018-09-17 | 0.780 | 1.472 |
| 2018-06-06 | 0.780 | 1.566 |
| 2018-04-04 | 0.780 | 1.832 |
| 2017-12-05 | 0.625 | 1.598 |
| 2017-09-15 | 0.625 | 1.740 |
| 2017-06-05 | 0.625 | 1.758 |
| 2017-04-04 | 0.625 | 1.626 |
| 2016-11-30 | 0.520 | 1.349 |
| 2016-09-16 | 0.520 | 1.389 |
| 2016-06-08 | 0.520 | 1.331 |
| 2016-03-29 | 0.520 | 1.359 |
| 2015-12-09 | 0.420 | 1.168 |
| 2015-09-18 | 0.420 | 1.180 |
| 2015-06-11 | 0.420 | 1.213 |
| 2015-03-31 | 0.420 | 1.262 |
| 2014-12-10 | 0.350 | 1.032 |
| 2014-09-11 | 0.350 | 1.128 |
| 2014-06-11 | 0.350 | 1.269 |
| 2014-04-01 | 0.350 | 1.213 |
| 2013-12-03 | 0.290 | 0.951 |
| 2013-09-20 | 0.290 | 0.980 |
| 2013-06-11 | 0.290 | 1.110 |
| 2013-04-02 | 0.290 | 1.179 |
| 2012-11-29 | 0.230 | 1.036 |
| 2012-09-20 | 0.230 | 1.065 |
| 2012-06-13 | 0.230 | 1.032 |
| 2012-02-22 | 0.230 | 1.155 |
| 2011-12-01 | 0.190 | 1.154 |
| 2011-09-08 | 0.190 | 1.311 |
| 2011-06-14 | 0.190 | 1.424 |
| 2011-04-05 | 0.190 | 1.457 |
| 2010-11-30 | 0.150 | 1.266 |
| 2010-09-09 | 0.150 | 1.338 |
| 2010-06-02 | 0.150 | 1.408 |
| 2010-04-06 | 0.150 | 1.316 |
| 2009-12-01 | 0.120 | 1.225 |
| 2009-09-21 | 0.120 | 1.252 |
| 2009-06-02 | 0.120 | 1.418 |
| 2009-04-07 | 0.120 | 1.711 |
| 2009-03-25 | 0.110 | 1.687 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
TJX Companies's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.1x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
Income/ dividend checks
We assess TJX Companies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can TJX Companies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) TJX Companies has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $16,880,171 |
| AGE | 57 |
| TENURE AS CEO | 3.2 years |
CEO Bio
Mr. Ernie L. Herrman has been the President of The TJX Companies, Inc. since January 2011 and has been its Chief Executive Officer since January 31, 2016 and Director since October 7, 2015. Mr. Herrman served as Senior Executive Vice President of The TJX Companies, Inc. from August 2008 to January 30, 2011 and as its Group President from August 2008 to January 30, 2011. He served as the President and Chief Operating Officer of T.J. Maxx from March 2004 to 2005. He served as Executive Vice President of T.J. Maxx, Inc, since March 2004. He served as the President of The Marmaxx Group from January 21, 2005 to August 2008. He served as an Executive Vice President of The TJX Companies, Inc. from March 2004 to 2005. Mr. Herrman served as the Chief Operating Officer of Marmaxx of TJX Companies from March 2004 to 2005. He served as an Executive Vice President of Merchandising at Marmaxx from 2001 to 2004 and held a series of senior merchandising positions of increasing responsibility since joining TJX as a buyer in 1989. Mr. Herrman has been a Trustee of Save The Children Federation, Incorporated since March 2014.
CEO Compensation
- Ernie's compensation has been consistent with company performance over the past year.
- Ernie's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the TJX Companies management team in years:
- The tenure for the TJX Companies management team is about average.
Management Team
Carol Meyrowitz
Executive Chairman
$13M
64
Ernie Herrman
CEO, President & Director
$17M
57
3.2 yrs
Scott Goldenberg
Senior EVP & CFO
$6M
64
7.2 yrs
Richard Sherr
Senior EVP & Group President
$6M
61
7.2 yrs
Bernard Cammarata
Founder & Executive Advisor
$848K
78
Alicia Kelly
Executive VP
Debra McConnell
Senior Vice President of Global Communications
Ken Canestrari
Senior EVP & Group President
56
4.5 yrs
Mary Reynolds
Senior VP & Treasurer
Doug Mizzi
Senior EVP & Group President
58
1.1 yrs
Board of Directors Tenure
Average tenure and age of the TJX Companies board of directors in years:
- The average tenure for the TJX Companies board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Ernie Herrman
CEO, President & Director
$17M
57
3.4 yrs
Willow Shire
Director
$331K
70
24.2 yrs
Carol Meyrowitz
Executive Chairman
$13M
64
3.8 yrs
Amy Lane
Director
$313K
65
13.4 yrs
Mike Hines
Director
$325K
62
11.8 yrs
Alan Bennett
Director
$317K
68
11.5 yrs
John O'Brien
Lead Director
$370K
74
David Ching
Director
$319K
65
11.8 yrs
Zein Abdalla
Director
$265K
59
7.2 yrs
Jacki Nemerov
Director
$251K
66
2.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 04. Mar 19 | Sell | Amy Lane | Individual | 28. Feb 19 | 28. Feb 19 | -1,000 | $51.79 | $-51,790 | ||
| 24. May 18 | Sell | Amy Lane | Individual | 23. May 18 | 23. May 18 | -1,000 | $44.03 | $-44,025 | ||
| 24. May 18 | Sell | Richard Sherr | Individual | 23. May 18 | 23. May 18 | -4,440 | $44.01 | $-195,425 | ||
Management checks
We assess TJX Companies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) TJX Companies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Should You Consider The TJX Companies, Inc. (NYSE:TJX)?
I've been keeping an eye on The TJX Companies, Inc. … Looking at the company as a whole, as a potential stock investment, I believe TJX has a lot to offer. … , dividend-paying company with a
Simply Wall St - – Full articleIf You Had Bought TJX Companies (NYSE:TJX) Shares Five Years Ago You'd Have Made 65%
(NYSE:TJX) shareholders have enjoyed a 65% share price rise over the last half decade, well in excess of the market return of around 40% (not including dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … That suggests that the market sentiment around the company hasn't changed much over that time.
Simply Wall St - – Full articleWith 17% Earnings Growth, Did The TJX Companies, Inc. (NYSE:TJX) Outperform The Industry?
(NYSE:TJX) announced its most recent earnings (02 February 2019), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Did TJX's recent earnings growth beat the long-term trend and the industry. … TJX's trailing twelve-month earnings (from 02 February 2019) of US$3.1b has.
Simply Wall St - – Full articleHow Do Analysts See The TJX Companies, Inc. (NYSE:TJX) Performing In The Next 12 Months?
Help shape the future of investing tools and receive a $20 prize! … (NYSE:TJX) released its earnings update. … with earnings expected to grow by 1.3% in the upcoming year
Simply Wall St - – Full article3 Days Left Before The TJX Companies, Inc. (NYSE:TJX) Will Be Trading Ex-Dividend
If you are interested in cashing in on The TJX Companies, Inc.'s (NYSE:TJX) upcoming dividend of US$0.20 per share, you only have 3 days left to buy the shares before its ex-dividend date, 13 February 2019, in time for dividends payable on the 07 March 2019. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?
Simply Wall St - – Full articleHere's What We Think About The TJX Companies, Inc.'s (NYSE:TJX) CEO Pay
Ernie Herrman became the CEO of The TJX Companies, Inc. … First, this article will compare CEO compensation with compensation at other large companies. … How Does Ernie Herrman's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleAre The TJX Companies, Inc.’s (NYSE:TJX) High Returns Really That Great?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleThe TJX Companies, Inc.'s (NYSE:TJX) Most Important Factor To Consider
I’ve analysed below, the health and outlook of TJX Companies’s cash flow, which will help you understand the stock from a cash standpoint. … TJX Companies generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … The two ways to assess whether TJX Companies’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow
Simply Wall St - – Full articleWho Has Been Selling The TJX Companies, Inc. (NYSE:TJX) Shares?
As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … That means that an insider was selling shares at below the current price (US$46.21). … It's not ideal to see that insiders have sold at around the current price
Simply Wall St - – Full articleIs The TJX Companies Inc (NYSE:TJX) A Financially Sound Company?
The size of The TJX Companies Inc (NYSE:TJX), a US$59b large-cap, often attracts investors seeking a reliable investment in the stock market. … Today we will look at TJX Companies’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further
Simply Wall St - – Full articleCompany Info
Description
The TJX Companies, Inc. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise. It operates stores under the T.J. Maxx, Marshalls, HomeGoods, Winners, HomeSense, T.K. Maxx, and Sierra Trading Post names, as well as operates e-commerce sites tjmaxx.com, tkmaxx.com, and sierratradingpost.com. As of February 3, 2018, the company operated a total of 4,070 stores in 9 countries, including the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia. The TJX Companies, Inc. was founded in 1956 and is headquartered in Framingham, Massachusetts.
Details
| Name: | The TJX Companies, Inc. |
| TJX | |
| Exchange: | NYSE |
| Founded: | 1956 |
| $64,542,822,280 | |
| 1,233,145,248 | |
| Website: | http://www.tjx.com |
| Address: |
The TJX Companies, Inc. 770 Cochituate Road, Framingham, Massachusetts, 01701, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | TJX | Common Shares | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | TJX | Common Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| LSE | 0LCE | Common Shares | London Stock Exchange | GB | USD | 02. Jan 1968 | |
| BMV | TJX * | Common Shares | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1968 |
Number of employees
Current staff
Industry
| Apparel Retail | |
| Retail |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/24 23:43 |
| End of day share price update: | 2019/03/22 00:00 |
| Last estimates confirmation: | 2019/03/06 |
| Last earnings filing: | 2019/02/27 |
| Last earnings reported: | 2019/02/02 |
| Last annual earnings reported: | 2019/02/02 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
