TJX Companies
Market Cap
US$76.2b
Last Updated
2020/02/23 01:06 UTC
Data Sources
Company Financials +
Executive Summary
The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer.
Rewards
Risk Analysis
Snowflake Analysis
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
Stable Share Price: TJX has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.1%
TJX
0.9%
US Specialty Retail
-1.1%
US Market
1 Year Return
25.7%
TJX
17.7%
US Specialty Retail
17.9%
US Market
Return vs Industry: TJX exceeded the US Specialty Retail industry which returned 17.7% over the past year.
Return vs Market: TJX exceeded the US Market which returned 17.9% over the past year.
Shareholder returns
| TJX | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.1% | 0.9% | -1.1% |
| 30 Day | 3.5% | 2.7% | 1.4% |
| 90 Day | 6.7% | 5.1% | 6.9% |
| 1 Year | 27.8%25.7% | 19.5%17.7% | 20.3%17.9% |
| 3 Year | 70.0%61.8% | 44.9%37.9% | 47.8%38.3% |
| 5 Year | 98.9%84.5% | 48.1%36.1% | 71.9%53.0% |
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 days ago | Simply Wall St
Here's Why TJX Companies (NYSE:TJX) Can Manage Its Debt Responsibly2 weeks ago | Simply Wall St
The TJX Companies, Inc. (NYSE:TJX) Looks Interesting, And It's About To Pay A Dividend2 weeks ago | Simply Wall St
Introducing TJX Companies (NYSE:TJX), A Stock That Climbed 79% In The Last Five YearsValuation
Is TJX Companies undervalued compared to its fair value and its price relative to the market?
24.58x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TJX ($63.31) is trading above our estimate of fair value ($43.57)
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 (24.6x) compared to the Specialty Retail industry average (16.9x).
PE vs Market: TJX is poor value based on its PE Ratio (24.6x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: TJX is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: TJX is overvalued based on its PB Ratio (13.7x) 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 28 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 (1.7%).
Earnings vs Market: TJX's earnings (6.8% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: TJX's earnings are forecast to grow, but not significantly.
Revenue vs Market: TJX's revenue (6.1% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: TJX's revenue (6.1% 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 (60.7%).
Next Steps
Past Performance
How has TJX Companies performed over the past 5 years?
8.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TJX has high quality earnings.
Growing Profit Margin: TJX's current net profit margins (7.7%) are lower than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: TJX's earnings have grown by 8.4% per year over the past 5 years.
Accelerating Growth: TJX's earnings growth over the past year (1.1%) is below its 5-year average (8.4% per year).
Earnings vs Industry: TJX earnings growth over the past year (1.1%) underperformed the Specialty Retail industry 7.9%.
Return on Equity
High ROE: TJX's Return on Equity (56.5%) is considered outstanding.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is TJX Companies's financial position?
Financial Position Analysis
Short Term Liabilities: TJX's short term assets ($9.4B) exceed its short term liabilities ($7.7B).
Long Term Liabilities: TJX's short term assets ($9.4B) do not cover its long term liabilities ($11.1B).
Debt to Equity History and Analysis
Debt Level: TJX's debt to equity ratio (40.3%) is considered high.
Reducing Debt: TJX's debt to equity ratio has increased from 37.2% to 40.3% over the past 5 years.
Debt Coverage: TJX's debt is well covered by operating cash flow (155.8%).
Interest Coverage: TJX's interest payments on its debt are well covered by EBIT (779.8x 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 4.2x debt).
Next Steps
Dividend
What is TJX Companies's current dividend yield, its reliability and sustainability?
1.45%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TJX's dividend (1.45%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: TJX's dividend (1.45%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
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 (34.4%), 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 (36.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Ernie Herrman (58yo)
4.1yrs
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 above average for companies of similar size in the US market ($USD10.81M).
Compensation vs Earnings: Ernie's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 4.7yrs | US$11.26m | 0.027% $20.9m | |
| CEO, President & Director | 4.1yrs | US$18.82m | 0.045% $34.6m | |
| Senior EVP & CFO | 8.1yrs | US$6.43m | 0.0099% $7.5m | |
| Senior EVP & Group President | 8.1yrs | US$6.75m | 0.0097% $7.4m | |
| Senior EVP & Group President | 5.4yrs | US$5.14m | 0.011% $8.5m | |
| Founder & Executive Advisor | 0yrs | US$4.94m | no data | |
| Executive VP | 0yrs | no data | no data | |
| Senior Vice President of Global Communications | 0yrs | no data | no data | |
| Senior EVP & Group President | 2yrs | no data | 0.0099% $7.5m | |
| Senior VP & Treasurer | 0yrs | no data | no data |
5.4yrs
Average Tenure
62yo
Average Age
Experienced Management: TJX's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 4.7yrs | US$11.26m | 0.027% $20.9m | |
| CEO, President & Director | 4.1yrs | US$18.82m | 0.045% $34.6m | |
| Independent Director | 12.7yrs | US$337.20k | 0.0013% $959.8k | |
| Independent Director | 3.3yrs | US$269.60k | 0.00018% $137.1k | |
| Independent Director | 24.1yrs | US$395.55k | 0.011% $8.0m | |
| Independent Director | 25.1yrs | US$357.47k | 0.0033% $2.5m | |
| Lead Independent Director | 1.1yrs | US$340.97k | 0.00081% $617.0k | |
| Independent Director | 14.3yrs | US$334.84k | 0.0024% $1.9m | |
| Independent Director | 12.7yrs | US$349.02k | 0.0018% $1.4m | |
| Independent Director | 8.1yrs | US$278.59k | 0.0022% $1.7m |
10.4yrs
Average Tenure
66yo
Average Age
Experienced Board: TJX's board of directors are seasoned and experienced ( 10.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TJX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$76.174b
- Shares outstanding: 1.20b
- 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 |
| TJX | BRSE (Berne Stock Exchange) | Yes | Common Shares | CH | CHF | Jan 1968 |
| TJX | ETLX (Eurotlx) | Yes | Common Shares | IT | EUR | 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 apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; 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. The company operates approximately 4,300 stores in 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 01:06 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/11/02 |
| 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.