TJX Companies
Market Cap
US$72.1b
Last Updated
2019/10/23 23:48 UTC
Data Sources
Company Financials +
Executive Summary
The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer.
Snowflake
Fundamentals
Established dividend payer with mediocre balance sheet.
Similar Companies
Share Price & News
How has TJX Companies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.7%
TJX
0.5%
US Specialty Retail
0.4%
US Market
1 Year Return
12.4%
TJX
8.4%
US Specialty Retail
11.4%
US Market
Return vs Industry: TJX exceeded the US Specialty Retail industry which returned 8.4% over the past year.
Return vs Market: TJX exceeded the US Market which returned 11.4% over the past year.
Shareholder returns
| TJX | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.7% | 0.5% | 0.4% |
| 30 Day | 8.1% | 4.0% | 0.3% |
| 90 Day | 8.4% | 3.6% | -1.2% |
| 1 Year | 14.2%12.4% | 10.3%8.4% | 13.9%11.4% |
| 3 Year | 69.2%61.1% | 44.7%37.1% | 47.2%37.6% |
| 5 Year | 104.7%90.3% | 55.6%42.3% | 62.4%44.6% |
Price Volatility Vs. Market
How volatile is TJX Companies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Does The TJX Companies, Inc.'s (NYSE:TJX) CEO Pay Compare Well With Peers?1 month ago | Simply Wall St
TJX Companies (NYSE:TJX) Shareholders Have Enjoyed A 83% Share Price Gain1 month ago | Simply Wall St
Should We Be Delighted With The TJX Companies, Inc.'s (NYSE:TJX) ROE Of 58%?Valuation
Is TJX Companies undervalued compared to its fair value and its price relative to the market?
23.82x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TJX ($59.68) is trading above our estimate of fair value ($50.44)
Significantly Below Fair Value: TJX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TJX is poor value based on its PE Ratio (23.8x) compared to the Specialty Retail industry average (15.7x).
PE vs Market: TJX is poor value based on its PE Ratio (23.8x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: TJX is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: TJX is overvalued based on its PB Ratio (13.6x) compared to the US Specialty Retail industry average (1.5x).
Next Steps
Future Growth
How is TJX Companies forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
6.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TJX's forecast earnings growth (6.8% per year) is above the savings rate (2.7%).
Earnings vs Market: TJX's earnings (6.8% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: TJX's earnings are forecast to grow, but not significantly.
Revenue vs Market: TJX's revenue (6.3% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: TJX's revenue (6.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TJX's Return on Equity is forecast to be very high in 3 years time (59.6%).
Next Steps
Past Performance
How has TJX Companies performed over the past 5 years?
7.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: TJX's earnings have grown by 7.9% per year over the past 5 years.
Accelerating Growth: TJX's earnings growth over the past year (3%) is below its 5-year average (7.9% per year).
Earnings vs Industry: TJX earnings growth over the past year (3%) underperformed the Specialty Retail industry 6.8%.
Return on Equity
High ROE: TJX's Return on Equity (57.8%) is considered outstanding.
Return on Assets
ROA vs Industry: TJX has a higher Return on Assets than the Specialty Retail industry average last year.
Return on Capital Employed
ROCE Improving: TJX's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is TJX Companies's financial position?
Financial Position Analysis
Short Term Liabilities: TJX's short term assets ($8.3B) exceeds its short term liabilities ($6.6B)
Long Term Liabilities: TJX's short term assets (8.3B) do not cover its long term liabilities (11.0B)
Debt to Equity History and Analysis
Debt Level: TJX's debt to equity ratio (42.2%) is considered high
Reducing Debt: TJX's debt to equity ratio has increased from 38% to 42.2% over the past 5 years.
Debt Coverage: TJX's debt is well covered by operating cash flow (153.3%).
Interest Coverage: TJX's interest payments on its debt are well covered by EBIT (782.7x coverage).
Balance Sheet
Inventory Level: TJX has a high level of physical assets or inventory.
Debt Coverage by Assets: TJX's debt is covered by short term assets (assets are 3.7x debt).
Next Steps
Dividend
What is TJX Companies's current dividend yield, its reliability and sustainability?
1.54%
Current Dividend Yield
Upcoming Dividend Payment
Purchase TJX Companies before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: TJX's dividend (1.54%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: TJX's dividend (1.54%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: TJX's dividends per share have been stable in the past 10 years.
Growing Dividend: TJX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.9%), TJX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TJX's dividends in 3 years are forecast to be well covered by earnings (37.5% payout ratio).
Next Steps
Management
What is the CEO of TJX Companies's salary, the management and board of directors tenure and is there insider trading?
5.1yrs
Average management tenure
CEO
Ernie Herrman (58yo)
3.8yrs
Tenure
US$18,822,770
Compensation
Mr. Ernie L. Herrman has been the President of The TJX Companies, Inc. since January 2011 and has been its Chief Executive Officer since January 31, 2016 and Director since October 7, 2015. Mr. Herrman ser ...
CEO Compensation Analysis
Compensation vs. Market: Ernie's total compensation ($USD18.82M) is about average for companies of similar size in the US market ($USD11.17M).
Compensation vs Earnings: Ernie's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.1yrs
Average Tenure
62yo
Average Age
Experienced Management: TJX's management team is seasoned and experienced (5.1 years average tenure).
Board Age and Tenure
10.0yrs
Average Tenure
66yo
Average Age
Experienced Board: TJX's board of directors are seasoned and experienced ( 10 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 20,000 |
| Max Price | US$52.20 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 800 |
| Max Price | US$51.93 |
| Entity | Individual |
| Role | Senior Key Executive Senior EVP & Group President |
| Shares | 1,480 |
| Max Price | US$51.35 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$51.79 |
Ownership Breakdown
Management Team
Bernard Cammarata (79yo)
Founder & Executive Advisor
- Tenure: 0yrs
- Compensation: US$4.94m
Carol Meyrowitz (65yo)
Executive Chairman
- Tenure: 4.3yrs
- Compensation: US$11.26m
Ernie Herrman (58yo)
CEO, President & Director
- Tenure: 3.8yrs
- Compensation: US$18.82m
Richard Sherr (62yo)
Senior EVP & Group President
- Tenure: 7.8yrs
- Compensation: US$6.75m
Scott Goldenberg (65yo)
Senior EVP & CFO
- Tenure: 7.8yrs
- Compensation: US$6.43m
Ken Canestrari (57yo)
Senior EVP & Group President
- Tenure: 5.1yrs
- Compensation: US$5.14m
Mary Reynolds
Senior VP & Treasurer
- Tenure: 0yrs
Alicia Kelly
Executive VP
- Tenure: 0yrs
Doug Mizzi (59yo)
Senior EVP & Group President
- Tenure: 1.7yrs
Debra McConnell
Senior Vice President of Global Communications
- Tenure: 0yrs
Board Members
David Ching (66yo)
Independent Director
- Tenure: 12.3yrs
- Compensation: US$337.20k
Carol Meyrowitz (65yo)
Executive Chairman
- Tenure: 4.3yrs
- Compensation: US$11.26m
Jacki Nemerov (67yo)
Independent Director
- Tenure: 2.9yrs
- Compensation: US$269.60k
John O'Brien (75yo)
Independent Director
- Tenure: 23.8yrs
- Compensation: US$395.55k
Willow Shire (71yo)
Independent Director
- Tenure: 24.8yrs
- Compensation: US$357.47k
Alan Bennett (69yo)
Lead Director
- Tenure: 0.8yrs
- Compensation: US$340.97k
Amy Lane (66yo)
Independent Director
- Tenure: 14yrs
- Compensation: US$334.84k
Mike Hines (63yo)
Independent Director
- Tenure: 12.3yrs
- Compensation: US$349.02k
Ernie Herrman (58yo)
CEO, President & Director
- Tenure: 3.8yrs
- Compensation: US$18.82m
Zein Abdalla (60yo)
Independent Director
- Tenure: 7.8yrs
- Compensation: US$278.59k
Company Information
The TJX Companies, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: The TJX Companies, Inc.
- Ticker: TJX
- Exchange: NYSE
- Founded: 1956
- Industry: Apparel Retail
- Sector: Retail
- Market Cap: US$72.149b
- Shares outstanding: 1.21b
- Website: https://www.tjx.com
Number of Employees
Location
- The TJX Companies, Inc.
- 770 Cochituate Road
- Framingham
- Massachusetts
- 1701
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TJX | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1968 |
| TJX | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1968 |
| TJX * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1968 |
| 0LCE | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 1968 |
| TJXC | WBAG (Wiener Boerse AG) | Yes | Common Shares | AT | EUR | Jan 1968 |
| TJXC34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REP 1 COM USD1 | BR | BRL | May 2019 |
Biography
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 appar ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 23:48 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/08/03 |
| Annual Earnings | 2019/02/02 |
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.