Tjx Companies (TJX)
NYSE:TJX
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TJX Companies
(NYSE:TJX)
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Rating:76Outperform
Price Target:
$179.00
▲(11.40% Upside)
Action:ReiteratedDate:02/27/26
The score is driven primarily by strong financial performance (material margin expansion and solid free cash flow) and a constructive earnings outlook with meaningful capital returns. Technicals are supportive with the stock in an uptrend, but the overall score is held back by a relatively high P/E and key watch-items around gross margin pressure, inventory, and tariff uncertainty.
Positive Factors
Strong cash generation & FCF
Sustained operating cash flow and robust free cash flow provide durable internal funding for capex, store growth, remodels, dividends and buybacks without heavy reliance on external financing. This cash conversion underpins capital returns while preserving flexibility to weather margin or inventory cycles.
Negative Factors
Compressed gross margin
A material decline in gross margin versus historical range suggests persistent markdowns, mix shifts or cost pressures that could structurally erode profitability. Even with operating efficiency gains, sustained lower gross margins reduce cushion for SG&A, interest costs and shareholder returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation & FCF
Sustained operating cash flow and robust free cash flow provide durable internal funding for capex, store growth, remodels, dividends and buybacks without heavy reliance on external financing. This cash conversion underpins capital returns while preserving flexibility to weather margin or inventory cycles.
Read all positive factors
TJX Companies (TJX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$172.05B
Dividend Yield1.07%
Average Volume (3M)4.15M
Price to Earnings (P/E)23.8
Beta (1Y)0.39
Revenue Growth7.12%
EPS Growth14.41%
CountryUS
Employees364,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)4.88
Shares Outstanding1,106,810,700
10 Day Avg. Volume4,435,545
30 Day Avg. Volume4,148,109
Financial Highlights & Ratios
PEG Ratio2.28
Price to Book (P/B)16.54
Price to Sales (P/S)2.79
P/FCF Ratio34.71
Enterprise Value/Market Cap1.04
Enterprise Value/Revenue2.97
Enterprise Value/Gross Profit9.56
Enterprise Value/Ebitda21.65
Forecast
1Y Price Target
$179.00Price Target Upside11.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)5.12
Revenue Forecast (FY)$63.84B
TJX Companies Business Overview & Revenue Model
Company Description
The TJX Companies, Inc., together with its subsidiaries, 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, inclu...
How the Company Makes Money
TJX Companies generates revenue primarily through the sale of merchandise in its retail stores and online platforms. The company's revenue model is based on providing consumers with brand-name and designer products at lower prices than traditional...
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 Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
The call highlights a strong quarter and full-year performance with double-digit EPS growth, margin expansion, robust cash generation, record annual sales above $60 billion, broad-based comp strength across divisions, ambitious store growth and shareholder return plans. Risks noted include tariff uncertainty, elevated inventory levels, some SG&A volatility (incentive accruals and higher store payroll), and litigation adjustments excluded from adjusted results. On balance, the positives substantially outweigh the challenges, with management confident in execution, marketing initiatives, inventory availability and the ability to capture additional market share.Positive Updates
Quarterly Sales and Same-Store Sales Strength
Q4 net sales of $17.7 billion, up 9% year-over-year; consolidated comparable store sales (comps) up 5% in Q4 (on top of +5% prior year).
Negative Updates
Tariff and Policy Uncertainty
Management is monitoring recent tariff rulings and the changing tariff environment; guidance assumes the company can offset tariff pressure but acknowledges uncertainty and potential vendor/channel impacts.
Read all updates
Q4-2026 Updates
Positive
Negative
Quarterly Sales and Same-Store Sales Strength
Q4 net sales of $17.7 billion, up 9% year-over-year; consolidated comparable store sales (comps) up 5% in Q4 (on top of +5% prior year).
Read all positive updates
Company Guidance
TJX guided fiscal 2027 comp sales of 2–3% and consolidated net sales of $62.7–$63.3 billion (up 4–5%), with full‑year adjusted pretax profit margin of 11.7–11.8% (flat to +10 bps), gross margin 31.1–31.2% (+10–20 bps), SG&A 19.5% (flat), net interest income of $76 million (delevering pretax by ~10 bps), a 25.0% tax rate, ~1.12 billion weighted shares, and diluted EPS of $4.93–$5.02 (up 4–6% vs $4.73). For Q1 they expect comps +2–3%, sales $13.8–$13.9 billion (up 5–6%), pretax margin 10.3–10.4%, gross margin 29.9–30.0% (+40–50 bps), SG&A 19.8% (↑40 bps y/y), net interest income $22 million (neutral to Q1 pretax), a 23.1% tax rate, ~1.12 billion shares, and EPS $0.97–$0.99 (up 5–8% vs $0.92). They plan $2.2–$2.3 billion of capex, ~146 net new stores (year‑end >5,300; ~3% growth), ~540 remodels and ~40 relocations, expect a 13% dividend increase to $0.48 per quarter and $2.5–$2.75 billion of share repurchases, and are monitoring tariff rulings while assuming they can offset tariff pressure.TJX Companies Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
80
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 60.37B | 56.36B | 54.22B | 49.94B | 48.55B |
| Gross Profit | 18.69B | 17.25B | 16.27B | 13.79B | 13.84B |
| EBITDA | 8.55B | 7.66B | 7.01B | 5.61B | 5.38B |
| Net Income | 5.49B | 4.86B | 4.47B | 3.50B | 3.28B |
Balance Sheet | |||||
| Total Assets | 35.77B | 31.75B | 29.75B | 28.35B | 28.46B |
| Cash, Cash Equivalents and Short-Term Investments | 6.23B | 5.33B | 5.60B | 5.48B | 6.23B |
| Total Debt | 13.49B | 12.78B | 12.54B | 12.74B | 12.51B |
| Total Liabilities | 25.58B | 23.36B | 22.45B | 21.98B | 22.46B |
| Stockholders Equity | 10.19B | 8.39B | 7.30B | 6.36B | 6.00B |
Cash Flow | |||||
| Free Cash Flow | 4.86B | 4.20B | 4.33B | 2.63B | 2.01B |
| Operating Cash Flow | 6.81B | 6.12B | 6.06B | 4.08B | 3.06B |
| Investing Cash Flow | -1.98B | -2.48B | -1.72B | -1.47B | -1.05B |
| Financing Cash Flow | -4.12B | -3.84B | -4.21B | -3.31B | -6.20B |
TJX Companies Technical Analysis
Positive
160.68
Price Trends
157.85
Positive
155.61
Positive
145.80
Positive
Market Momentum
0.82
Positive
53.12
Neutral
30.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TJX, the sentiment is Positive. The current price of 160.68 is above the 20-day moving average (MA) of 159.34, above the 50-day MA of 157.85, and above the 200-day MA of 145.80, indicating a bullish trend. The MACD of 0.82 indicates Positive momentum. The RSI at 53.12 is Neutral, neither overbought nor oversold. The STOCH value of 30.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $73.74B | 23.35 | 36.70% | 0.90% | 7.67% | 4.66% | |
76 Outperform | $172.05B | 23.76 | 59.53% | 1.07% | 7.12% | 14.41% | |
68 Neutral | $6.13B | 16.50 | 17.66% | ― | 11.07% | 18.69% | |
64 Neutral | $8.97B | 15.26 | 22.98% | 2.45% | 1.86% | -2.54% | |
62 Neutral | $19.90B | 15.28 | 39.79% | ― | 8.76% | 22.13% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $2.82B | 11.22 | 12.12% | 2.09% | 3.16% | -32.51% |
* Consumer Cyclical Sector Average
TJX
TJX Companies
155.45
28.35
22.31%
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16.91
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56.31%
GAP
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24.56
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ROST
Ross Stores
228.91
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61.64%
URBN
Urban Outfitters
71.62
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38.32%
BURL
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316.73
71.73
29.28%
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.