Is TJ Maxx a buy for off-price retailers?
TJX Companies ( NYSE:TJX) -- the off-price retailer that owns TJ Maxx, Marshalls, HomeGoods, HomeSense, and Sierra Trading Post -- has fared better than many of its brick-and-mortar peers in recent years.
What kind of company is TJX?
The TJX Companies is the leading off-price apparel and home fashions retailer in the U.S. and worldwide. Learn how we deliver real value to our stakeholders and act as a responsible corporate citizen.
Can TJX stock rise higher over the next 5 years?
Therefore, TJX stock can rise higher over the next five years, outperform the broad market, and reward patient investors with stock buybacks and dividend hikes in the process. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service.
Does TJX own trade secret?
TJX acquires Trade Secret (rebranded to T.K. Maxx stores in 2017), an off-price retailer operating 35 stores in Australia. T.K. Maxx continues its expansion in Europe, opening stores in Austria and the Netherlands. Marshalls in the U.S. opens its 1,000 th store.
Did TJX stock split 2018?
On September 17, 2018, the Board of Directors of The TJX Companies, Inc. (TJX) approved a 2-for-1 stock split, expected to occur on November 6, 2018 (the effective date) by issuing an additional share of stock for each share of stock outstanding on October 30, 2018 (the record date).
Is TJX a good company to invest?
TJX Companies has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 15 buy ratings, 3 hold ratings, and no sell ratings.
What is TJX competitive advantage?
Overall, TJX has proven that its discount retail business model, combined with solid execution and competitive advantages in supply chain, inventory management, and product pricing, make it one of the best-managed and fastest-growing global retailers.
Is TJX ethical?
Our business dealings and interactions are grounded in our long-held core values of honesty, integrity, and treating others with dignity and respect. We hold ourselves to high ethical standards and expect our Associates to comply with these standards, which are set forth in the TJX Global Code of Conduct.
What does Zacks say about TJX stock?
Zacks' proprietary data indicates that The TJX Companies, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the TJX shares relative to the market in the next few months.
Is TJX a good long term investment?
TJX Companies Inc's trailing 12-month revenue is $43.2 billion with a 5.8% profit margin. Year-over-year quarterly sales growth most recently was 81.1%. Analysts expect adjusted earnings to reach $2.949 per share for the current fiscal year. TJX Companies Inc currently has a 1.6% dividend yield.
What is TJX Companies Strategy?
The company's mission is to deliver a rapidly changing assortment of quality, brand name merchandise at prices generally 20%-60% less than department and specialty store regular prices, every day.
Why is TJX so successful?
The company makes it fun for customers to shop for fashion at a value price. Just as importantly, customers, vendors, investors, and associates trust the company.
How big is TJX?
The TJX Companies, Inc., the leading off-price apparel and home fashions retailer in the U.S. and worldwide, was ranked 75 in the 2022 Fortune 500 company listings. At the end of fiscal 2022, the Company had nearly 4,700 stores across nine countries and three continents, and five distinctive branded e-commerce sites.
Where does TJ Maxx get their inventory?
According to the TJ Maxx website, the retailer sources inventory from “a wide variety of opportunities, which can include department store cancellations, a manufacturer making up too much product, or a closeout deal when a vendor wants to clear merchandise at the end of a season.” Discount stores, on the other hand, ...
Does TJ Maxx use sweatshops?
The investigations report states “Ross, TJ Maxx, and Forever 21 were the three retailers whose garments were found most frequently at contractor shops with wage violations” and cited 7 other retailers also on our pledge list.
Why does TK Maxx sell cheap?
Our buyers are opportunistic and entrepreneurial. So when a designer overproduces, or other stores overbuy, we swoop in, negotiate the lowest possible price and pass the savings on.
How many vendors does TJX have?
TJX purchases goods from over 21,000 vendors in more than 100 countries. That scale enables the company to negotiate prices that are so low that it can still sell brand-name merchandise at 20% to 60% discounts and still squeeze out a profit. Image source: Getty Images.
How much of TJX's FCF is spent on repurchases?
TJX also spent 55% of its FCF on share repurchases in the last year. Unlike many other retailers, which implemented disastrous buyback plans, TJX is simultaneously reducing its share count, raising its dividend, opening new stores, and generating positive comps growth with stable profit margins.
Is TJX still open?
The business is gradually maturing, but TJX is still opening new stores every year as other retailers scale back their brick-and-mortar presence. Like other businesses around the country, TJX temporarily closed its stores in light of the COVID-19 pandemic, and its stock has tumbled more than 20% since the beginning of March.
Is TJX stock going to be in 2025?
It's impossible to tell exactly where TJX stock will be in 2025, but it outperformed the S&P 500 over the past five years. The business is built to weather recessions while capitalizing on the troubles faced by other brick-and-mortar retailers. And it only has a few direct competitors like Ross Stores.
Is TJX a weak link?
TJX will inevitably hit speed bumps along the way, with HomeGoods' exposure to the housing market being a weak link, but its strengths should offset its weaknesses. In short, the business model that's served TJX well for decades should remain resilient over the next five years.
Is TJX a direct beneficiary of the apocalypse?
Its clout grows as Amazon, Walmart, and Target put many competitors out of business and force them to liquidate their inventories, which makes TJX a direct beneficiary of the retail apocalypse.
Is TJX a dividend aristocrat?
A future Dividend Aristocrat. If TJX raises its dividend in 2021, it will become a "Dividend Aristocrat" -- a member of the S&P 500 that has hiked its payout for at least 25 straight years.
How many buying associates does TJX have?
TJX uses its network of over 1,000 buying associates to purchase excess inventories from more than 18,000 vendors in over 100 countries. It then sells these products at 20% to 60% discounts through its brick-and-mortar chains, which include T.J. Maxx, T.K Maxx, Marshalls, HomeGoods, HomeSense, Sierra Trading Post, and Winners.
How much did TJX raise its dividend?
TJX repurchased $400 million in stock last quarter, and plans to buy back another $2.5 billion to $3 billion in shares this year. It also raised its dividend by 25% in April, marking its 22nd straight year of annual dividend hikes.
Where TJX Companies Stands With Analysts
TJX Companies (NYSE: TJX ) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 0 0 0 According to 3 analyst offering 12-month price targets in the last 3 months, TJX Companies has an average price target of $87.67 with a high of $92.00 and a low of $83.00.
Expert Ratings For TJX Companies
TJX Companies (NYSE: TJX ) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 0 0 0 These 3 analysts have an average price target of $87.67 versus the current price of TJX Companies at $67.93, implying upside.
TJX Companies, Inc. Shares Near 52-Week High - Market Mover
TJX Companies, Inc. (TJX) shares closed today at 1.8% below its 52 week high of $76.94, giving the company a market cap of $90B. The stock is currently down 0.5% year-to-date, up 12.3% over the past 12 months, and up 114.3% over the past five years. This week, the Dow Jones Industrial Average rose 0.8%, and the S&P 500 rose 0.1%.
TJX Companies, Inc. Shares Close in on 52-Week High - Market Mover
TJX Companies, Inc. (TJX) shares closed today at 1.9% below its 52 week high of $76.94, giving the company a market cap of $90B. The stock is currently up 12.1% year-to-date, up 12.6% over the past 12 months, and up 113.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.1%, and the S&P 500 rose 2.1%.
The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Perigon Wealth Management LLC
Perigon Wealth Management LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.9% during the third quarter, Holdings Channel.com reports. The firm owned 6,505 shares of the apparel and home fashions retailers stock after acquiring an additional 306 shares during the period.
TFC Financial Management Raises Position in The TJX Companies, Inc. (NYSE:TJX)
TFC Financial Management grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 52.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,825 shares of the apparel and home fashions retailers stock after purchasing an additional 1,660 shares during the period.
The TJX Companies, Inc. (NYSE:TJX) Position Reduced by Fisher Asset Management LLC
Fisher Asset Management LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,567 shares of the apparel and home fashions retailers stock after selling 238 shares during the quarter.