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TJX Companies
(NYSE:TJX)
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Rating:69Neutral
Price Target:
$159.00
▲(13.99% Upside)
Action:Reiterated
Date:09/17/26
The score is driven primarily by strong financial performance (margin expansion and solid free cash flow) and a constructive earnings outlook with raised full-year guidance. These positives are offset by very weak technical momentum (price below key moving averages and extremely low RSI/Stoch) and only moderate valuation support at a ~22.7 P/E with a ~1.5% yield.
Positive Factors
Off-price buying model
TJX’s off-price model combines flexible sourcing, frequent assortment changes, disciplined pricing, and rapid inventory turnover. This creates a differentiated shopping experience, supports repeat visits, and can preserve profitability by acquiring merchandise below typical market prices.
Negative Factors
Marmaxx execution weakness
Marmaxx is a major part of TJX’s portfolio, so weak comparable growth and declining transactions in that division can weigh on consolidated performance. The identified execution and merchandise-mix issues require sustained improvement to restore traffic and productivity.
Read all positive and negative factors
Positive Factors
Negative Factors
Off-price buying model
TJX’s off-price model combines flexible sourcing, frequent assortment changes, disciplined pricing, and rapid inventory turnover. This creates a differentiated shopping experience, supports repeat visits, and can preserve profitability by acquiring merchandise below typical market prices.
Read all positive factors
TJX Companies Key Performance Indicators (KPIs)
Any
Store Count by Type
Provides the number of stores categorized by type, offering insight into the company's retail footprint and strategic focus on different retail formats.
Provides the number of stores categorized by type, offering insight into the company's retail footprint and strategic focus on different retail formats.
Data provided by:
The Fly
The FlyTJX Companies (TJX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$161.69B
Dividend Yield1.24%
Average Volume (3M)8.57M
Price to Earnings (P/E)26.9
Beta (1Y)0.33
Revenue Growth7.66%
EPS Growth23.38%
CountryUS
Employees377,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)5.41
Shares Outstanding1,099,974,100
10 Day Avg. Volume7,381,110
30 Day Avg. Volume8,569,547
Financial Highlights & Ratios
PEG Ratio2.28
Price to Book (P/B)16.54
Price to Sales (P/S)2.79
P/FCF Ratio34.28
Enterprise Value/Market Cap1.14
Enterprise Value/Revenue2.95
Enterprise Value/Gross Profit9.20
Enterprise Value/Ebitda20.29
Forecast
1Y Price Target
$170.14Price Target Upside21.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
EPS Forecast (FY)5.26
Revenue Forecast (FY)$64.01B
TJX Companies Business Overview & Revenue Model
Company Description
The TJX Companies, Inc., alongside its various associated businesses, functions as a major discount retailer focusing on clothing and household decor. Its operations are organized into four primary divisions: Marmaxx, HomeGoods, TJX Canada, and TJ...
How the Company Makes Money
TJX primarily makes money by purchasing excess inventory, closeouts, and opportunistic buys from manufacturers and brands, then reselling those items at “off-price” (generally below traditional department and specialty store prices) while aiming t...
TJX Companies Earnings Call Summary
Earnings Call Date:Aug 19, 2026
(Q2-2027)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive picture: consolidated comps and profitability exceeded plan, EPS rose double digits, multiple divisions (HomeGoods, Canada, International) delivered strong comps and margin expansion, management raised full-year guidance, and increased long-term store opportunity alongside large digital engagement. Headwinds are concentrated: Marmaxx execution/mix issues (self‑inflicted but being addressed), near-term gross margin pressure from higher fuel/freight, modest wage-driven SG&A pressure, and reporting complexity from tariff refunds. Management expressed confidence in fixes and a strong start to Q3, and the positive operational and financial developments notably outweigh the contained lowlights.Positive Updates
Consolidated Comparable Sales Beat
Consolidated comparable sales +4% in Q2, above the company's plan; growth driven by higher average basket and increased customer transactions, with home categories outperforming apparel.
Negative Updates
Marmaxx Underperformance and Execution Issues
Marmaxx comp sales only +1% in Q2, below expectations; management identified self-inflicted merchandise mix and execution issues (right goods not in right stores/times) that led to a small decline in transactions. Company reports improvement in August and expects greater recovery by Q4.
Read all updates
Q2-2027 Updates
Positive
Negative
Consolidated Comparable Sales Beat
Consolidated comparable sales +4% in Q2, above the company's plan; growth driven by higher average basket and increased customer transactions, with home categories outperforming apparel.
Read all positive updates
Company Guidance
On an adjusted basis (excluding the tariff refunds received and related incremental compensation accruals), TJX guided Q3 comps +2%–3% with consolidated sales $15.6–$15.8B (+3%–5% y/y), adjusted pretax margin 12.3%–12.4% (down 30–40 bps vs prior-year 12.7%), adjusted gross margin 32.1%–32.2% (down 40–50 bps vs 32.6%), adjusted SG&A 20.0% (10 bps favorable vs 20.1%), assumed net interest income $28M (neutral), tax rate 24.6%, ~1.11B weighted average shares, and adjusted diluted EPS $1.30–$1.32 (+2%–3% vs $1.28). For the full year management expects comps +3%–4%, consolidated sales $63.4–$63.8B (+5%–6%), raised adjusted pretax margin to 12.0%–12.1% (up 30–40 bps vs prior-year 11.7%), full-year adjusted gross margin 31.2%–31.3% (up 20–30 bps), adjusted SG&A 19.5% (flat), assumed net interest income ~$131M (neutral), tax rate 24.6%, ~1.12B shares, and increased adjusted diluted EPS to $5.15–$5.20 (+9%–10% vs $4.73). Q4 implied comps +2%–3%, adjusted pretax margin 11.9%–12.0% (down 20–30 bps vs 12.2%) and adjusted EPS $1.44–$1.47 (+1%–3% vs $1.43); guidance assumes no further tax refunds and excludes related accruals.TJX Companies Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
62
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.36B | 60.37B | 56.36B | 54.22B | 49.94B | 48.55B |
| Gross Profit | 20.01B | 18.69B | 17.25B | 16.27B | 13.79B | 13.84B |
| EBITDA | 9.07B | 8.55B | 7.66B | 7.01B | 5.61B | 5.38B |
| Net Income | 6.07B | 5.49B | 4.86B | 4.47B | 3.50B | 3.28B |
Balance Sheet | ||||||
| Total Assets | 37.12B | 35.77B | 31.75B | 29.75B | 28.35B | 28.46B |
| Cash, Cash Equivalents and Short-Term Investments | 6.00B | 6.23B | 5.33B | 5.60B | 5.48B | 6.23B |
| Total Debt | 14.32B | 13.49B | 12.78B | 12.54B | 12.74B | 12.51B |
| Total Liabilities | 26.46B | 25.58B | 23.36B | 22.45B | 21.98B | 22.46B |
| Stockholders Equity | 10.65B | 10.19B | 8.39B | 7.30B | 6.36B | 6.00B |
Cash Flow | ||||||
| Free Cash Flow | 5.88B | 4.92B | 4.20B | 4.33B | 2.63B | 2.01B |
| Operating Cash Flow | 8.03B | 6.87B | 6.12B | 6.06B | 4.08B | 3.06B |
| Investing Cash Flow | -2.18B | -1.98B | -2.48B | -1.72B | -1.47B | -1.05B |
| Financing Cash Flow | -4.48B | -4.12B | -3.84B | -4.21B | -3.31B | -6.20B |
TJX Companies Technical Analysis
Neutral
139.48
Price Trends
136.65
Positive
146.99
Negative
151.03
Negative
Market Momentum
3.30
Negative
67.68
Neutral
85.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TJX, the sentiment is Neutral. The current price of 139.48 is above the 20-day moving average (MA) of 138.50, above the 50-day MA of 136.65, and below the 200-day MA of 151.03, indicating a neutral trend. The MACD of 3.30 indicates Negative momentum. The RSI at 67.68 is Neutral, neither overbought nor oversold. The STOCH value of 85.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TJX.
TJX Companies Risk Analysis
TJX Companies disclosed 29 risk factors in its most recent earnings report. TJX Companies reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
TJX Companies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $7.48B | 13.38 | 20.72% | ― | 11.01% | 24.97% | |
71 Outperform | $74.81B | 28.11 | 42.34% | 0.74% | 14.02% | 31.41% | |
69 Neutral | $161.69B | 26.90 | 59.77% | 1.24% | 7.66% | 23.38% | |
69 Neutral | $7.97B | 6.63 | 33.13% | 3.04% | 1.05% | 44.82% | |
64 Neutral | $11.58B | 7.93 | 29.73% | ― | 1.74% | -16.55% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $15.59B | 22.27 | 39.82% | ― | 10.89% | 31.47% |
* Consumer Cyclical Sector Average
TJX
TJX Companies
145.52
4.84
3.44%
GAP
Gap Inc
22.69
0.34
1.51%
LULU
Lululemon Athletica
96.53
-82.53
-46.09%
ROST
Ross Stores
234.18
78.81
50.73%
URBN
Urban Outfitters
86.96
19.44
28.79%
BURL
Burlington Stores
248.13
-19.98
-7.45%
TJX Companies Corporate Events
Business Operations and StrategyExecutive/Board Changes
TJX Companies Announces Phased Retirement of Senior Executive
Neutral
Oct 20, 2026
On October 15, 2026, The TJX Companies, Inc. entered into a letter agreement with Senior Executive Vice President and Group President Kenneth Canestrari, outlining a phased transition toward his planned retirement. His employment term was extended...
Executive/Board Changes
TJX Companies adds independent director to board
Positive
Sep 17, 2026
On September 16, 2026, The TJX Companies, Inc. appointed Craig A. Pintoff, Executive Vice President and Chief Administrative Officer of United Rentals, Inc., to its Board of Directors and Audit and Finance Committee, effective immediately. His ele...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.