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TJX $122

TJX target price
122.00
0
95
The TJX Companies, Inc.
Formerly called
Zayre Corp.
Type
Public
Traded as
  • NYSE: TJX
  • (S&P 500 component)
Industry Retail
Founded 1957; 60 years ago (1957) in Hyannis, Massachusetts, US (as Zayre)
1962; 55 years ago (1962) (as Zayre Corp.)
1987; 30 years ago (1987) (as TJX)
Founder Bernard Cammarata
Headquarters Framingham, Massachusetts, US
Products
  • Clothing
  • footwear
  • bedding
  • food
  • furniture
  • jewelry
  • beauty products
  • housewares
Revenue IncreaseUS$ 33.184 billion (2016)
Operating income
IncreaseUS$ 3.75 billion (2016)
Profit IncreaseUS$ 2.298 billion (2016)
Total assets IncreaseUS$ 12.884 billion (2016)
Total equity IncreaseUS$ 4.51 billion (2016)
Number of employees
235,000 (2017)
Divisions
  • HomeGoods
  • HomeSense
  • Marshalls
  • TJ Maxx
  • TK Maxx
  • Sierra Trading Post
  • Winners
Website www.tjx.com
Footnotes / references

The TJX Companies, Inc. (NYSE: TJX), is an American apparel and home goods company based in Framingham, Massachusetts. It claims to be the largest international apparel and home fashions off-price department store chain in the United States. The company evolved from the Zayre discount department store chain, founded in 1956, which opened its first branch of T.J.Maxx in 1976 and its first BJ's Wholesale Club in 1984. In 1988, Zayre sold its nameplate to rival Ames, and T.J.Maxx was renamed "The TJX Companies, Inc.".

Ernie Herrman serves as company CEO since January 31, 2016. The corporate headquarters are located at 770 Cochituate Road in Framingham, Massachusetts.

Stanley Feldberg was one of the 1956 founders of Zayre Corp. He served as president of the company until 1978, and afterwards remained on the Board of Directors, until he retired in 1989. Once the company had sold off the "Zayre" name, the company consisted of its one core remaining store brand, T.J.Maxx. The next year, in 1990, TJX expanded into an additional store brand division, and at the same time it first went international, as it entered the Canadian market by acquiring the five-store Winners chain. Two years later, it launched its third brand, HomeGoods, in the United States. TJX's expansion beyond North America came in 1994, when the fourth brand division, T.K. Maxx, was founded in the United Kingdom, and then expanded into Ireland.

In 1995, TJX doubled in size when it acquired Marshalls, its fifth brand. T.J.Maxx and Marshalls later became consolidated as two brands under a single division, The Marmaxx Group. The following year, TJX Companies Inc. was added to the Standard & Poor's S&P 500 Composite Index, which consists of 500 of the largest companies in the United States.

TJX launched a sixth brand, A.J. Wright, in 1998 in the eastern U.S. The brand went national in 2004 when it opened its first stores in California on the west coast. The company's seventh brand division, HomeSense, formed in 2001, was a Canadian brand modeled after the existing US brand, HomeGoods.

In 2002, TJX revenue reached almost $12 billion. In mid-2003, TJX acquired an eighth brand division, Bob's Stores, concentrated in New England. In Canada, TJX began to configure some Winners and HomeSense stores side-by-side as superstores. The superstores feature open passageways between them, with dual branding. TJX's revenue in 2003 reached over $13 billion. TJX began to test the side-by-side superstore model in the United States in 2004, combining some of each of the two Marmaxx brand stores with HomeGoods. The company reached 141st position in the 2004 Fortune 500 rankings, with almost $15 billion in revenue. That year was also marked by the death of retired Zayre founder Stanley Feldberg.

In April 2008, TJX launched the HomeSense brand in the UK, with six stores opening throughout May. The brand is more upmarket than its Canadian namesake. Later that year, in August, TJX sold Bob's Stores to Versa Capital Management and Crystal Capital.

In December 2010, TJX announced that the A.J. Wright stores would be closed, cutting about 4,400 jobs, and that more than half of them would reopen under other company brands.

In July 2015, TJX acquired the Trade Secret and Home Secret off-price retail businesses from Australian company Gazal Corporation Limited. The deal will be completed December 2015.

On January 17, 2007, TJX announced that it was the victim of an unauthorized computer systems intrusion. It discovered in mid-December 2006 that its computer systems were compromised and customer data was stolen. The hackers accessed a system that stores data on credit card, debit card, check, and merchandise return transactions. The intrusion was kept confidential as requested by law enforcement. TJX said that it is working with General Dynamics, IBM and Deloitte to upgrade computer security.

By the end of March 2007, the number of affected customers had reached 45.7 million and has prompted credit bureaus to seek legislation requiring retailers to be responsible for compromised customer information saved in their systems. In addition to credit card numbers, personal information such as social security numbers and driver's license numbers from 451,000 customers were downloaded by the intruders. The breach was possible due to a non-secure wireless network in one of the stores.

Eleven men have been charged in the theft, and one (Damon Patrick Toey) has pleaded guilty to numerous charges related to the breach. One man, Jonathan James, professed his innocence and later committed suicide, apparently out of the belief that he was going to be indicted.

The alleged ringleader Albert Gonzalez was indicted in August 2009 with attacking Heartland Payment Systems in which 130 million records were compromised.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-15 Future report Set alerts
Q1 2023 2022-08-17 Future report Set alerts
Q2 2022 2022-08-17 0.69 0.69
Q4 2022 2022-02-23 0.78 0.78
Q1 2022 2021-05-19 0.44 0.44
Q4 2021 2021-02-24 0.50 0.50
Q3 2021 2020-11-18 0.71 0.71
Q2 2021 2020-08-19 -0.18 -0.18
Q1 2021 2020-05-21 -0.74 -0.74
Q4 2020 2020-02-26 0.81 0.81

Ratings

2016-06-30 Reiterated Rating BMO Capital Markets Outperform $85.00
2016-06-27 Reiterated Rating Wells Fargo Buy
2016-06-27 Reiterated Rating Wells Fargo & Co. Buy
2016-06-24 Initiated Coverage Miller Tabak Buy $91.00
2016-06-14 Reiterated Rating Deutsche Bank Buy
2016-06-14 Reiterated Rating Deutsche Bank AG Buy
2016-05-19 Reiterated Rating MKM Partners Buy $83.00
2016-05-19 Reiterated Rating Deutsche Bank Buy $83.00
2016-05-18 Boost Price Target Sanford C. Bernstein Outperform $82.00 to $83.00
2016-05-18 Boost Price Target RBC Capital Outperform $82.00 to $84.00
2016-05-18 Boost Price Target Royal Bank Of Canada Outperform $82.00 to $84.00
2016-05-17 Reiterated Rating Stifel Nicolaus Buy $85.00
2016-05-17 Reiterated Rating Citigroup Inc. Buy $88.00
2016-04-14 Reiterated Rating Deutsche Bank Buy
2016-04-06 Reiterated Rating Deutsche Bank Buy
2016-03-14 Boost Price Target Cowen and Company Outperform $85.00 to $87.00
2016-03-11 Reiterated Rating Goldman Sachs Buy
2016-03-11 Reiterated Rating Goldman Sachs Group Inc. Buy
2016-03-06 Reiterated Rating Deutsche Bank Buy
2016-03-04 Reiterated Rating Citigroup Inc. Buy to Neutral
2016-02-25 Reiterated Rating Deutsche Bank Buy $83.00 to $82.00
2016-02-25 Lower Price Target Wedbush Outperform $80.00 to $79.00
2016-02-25 Lower Price Target Telsey Advisory Group Market Perform $79.00 to $78.00
2016-02-25 Lower Price Target Wolfe Research Outperform $82.00 to $80.00
2016-02-24 Reiterated Rating Cowen and Company Outperform $75.00 to $85.00
2016-02-24 Reiterated Rating Stifel Nicolaus Buy $85.00
2016-02-10 Upgrade Buckingham Research Neutral to Buy $84.00
2016-02-02 Upgrade BMO Capital Markets Market Perform to Outperform $72.00 to $85.00
2016-02-02 Initiated Coverage Wolfe Research Outperform $82.00
2016-02-02 Reiterated Rating BB&T Corp. Buy
2016-01-21 Lower Price Target Goldman Sachs $83.00 to $82.00
2016-01-12 Reiterated Rating Nomura Buy
2016-01-12 Reiterated Rating Nomura Holdings Inc. Buy
2016-01-07 Reiterated Rating Deutsche Bank Buy $83.00
2015-12-17 Initiated Coverage BB&T Corp. Positive to Buy $86.00 to $86.00
2015-11-19 Reiterated Rating William Blair Outperform
2015-11-18 Lower Price Target Cantor Fitzgerald Hold $71.00 to $68.00
2015-11-18 Lower Price Target Buckingham Research Neutral $80.00 to $73.00
2015-11-18 Reiterated Rating Wedbush Buy $80.00
2015-11-18 Reiterated Rating Deutsche Bank Buy $87.00 to $83.00
2015-11-17 Reiterated Rating Cowen and Company Positive to Buy $85.00 to $75.00
2015-11-17 Reiterated Rating Stifel Nicolaus Buy $85.00
2015-11-14 Lower Price Target Sanford C. Bernstein Outperform $83.00 to $81.00
2015-11-06 Initiated Coverage RBC Capital Outperform $82.00
2015-10-22 Initiated Coverage Wells Fargo Outperform
2015-10-21 Reiterated Rating Stifel Nicolaus Buy
2015-10-12 Reiterated Rating William Blair Outperform
2015-10-09 Reiterated Rating Stifel Nicolaus Buy $85.00
2015-10-09 Reiterated Rating Wedbush Outperform $80.00
2015-10-07 Initiated Coverage Citigroup Inc. Buy $88.00
2015-09-17 Upgrade MKM Partners Neutral to Buy $74.00 to $83.00
2015-08-19 Boost Price Target SunTrust Buy $80.00 to $90.00
2015-08-19 Reiterated Rating S&P Equity Research Buy $85.00
2015-08-19 Boost Price Target Nomura Buy $75.00 to $85.00
2015-08-19 Boost Price Target Deutsche Bank Buy $76.00 to $87.00
2015-08-19 Boost Price Target BMO Capital Markets Market Perform $67.00 to $72.00
2015-08-19 Boost Price Target Sanford C. Bernstein Outperform $81.00 to $83.00
2015-08-19 Reiterated Rating Cantor Fitzgerald Hold $71.00
2015-08-19 Boost Price Target MKM Partners Neutral $68.00 to $74.00
2015-08-19 Boost Price Target Buckingham Research Neutral $72.00 to $80.00
2015-08-19 Reiterated Rating Cowen and Company Buy $80.00 to $85.00
2015-08-19 Reiterated Rating Telsey Advisory Group Market Perform $73.00 to $82.00
2015-08-19 Boost Price Target SunTrust Banks Inc. Buy $80.00 to $90.00
2015-08-18 Reiterated Rating Stifel Nicolaus Buy $78.00
2015-08-10 Boost Price Target JPMorgan Chase & Co. Overweight $75.00 to $81.00
2015-05-23 Reiterated Rating Sanford C. Bernstein Outperform $80.00 to $81.00
2015-05-20 Reiterated Rating Cantor Fitzgerald Hold $64.00
2015-05-20 Boost Price Target FBR & Co. Outperform $71.00 to $75.00
2015-05-20 Boost Price Target FBR & Co Outperform $71.00 to $75.00
2015-05-19 Set Price Target Stifel Nicolaus Buy $78.00
2015-05-19 Reiterated Rating Wedbush Outperform $76.00 to $80.00
2015-05-14 Reiterated Rating Telsey Advisory Group Market Perform $73.00
2015-04-20 Initiated Coverage Cantor Fitzgerald Hold $66.00
2015-03-30 Reiterated Rating Deutsche Bank Buy
2015-02-26 Reiterated Rating Deutsche Bank Buy $74.00 to $76.00
2015-02-26 Reiterated Rating MKM Partners Buy to Neutral $74.00 to $68.00
2015-02-26 Boost Price Target FBR & Co. Outperform $68.00 to $71.00
2015-02-03 Initiated Coverage Guggenheim Buy $79.00
2015-01-15 Initiated Coverage Sanford C. Bernstein Outperform
2015-01-07 Downgrade Telsey Advisory Group Outperform to Market Perform $68.00 to $73.00
2014-12-16 Initiated Coverage Cowen and Company Outperform
2014-12-03 Upgrade Goldman Sachs Neutral to Buy $71.00 to $77.00
2014-11-25 Upgrade JPMorgan Chase & Co. Neutral to Overweight $63.00 to $75.00
2014-11-19 Boost Price Target MKM Partners Buy $64.00 to $68.00
2014-11-19 Reiterated Rating S&P Equity Research Buy
2014-11-19 Reiterated Rating Sterne Agee CRT Neutral $58.00 to $60.00
2014-11-19 Reiterated Rating Morgan Stanley Equal Weight $66.00
2014-11-19 Boost Price Target FBR & Co. Outperform $64.00 to $68.00
2014-11-18 Reiterated Rating Stifel Nicolaus Buy
2014-11-14 Downgrade Canaccord Genuity Hold to Sell $54.00 to $58.00
2014-11-03 Upgrade Wedbush Neutral to Outperform $63.00 to $68.00
2014-10-22 Downgrade Northcoast Research Buy to Neutral
2014-08-20 Boost Price Target MKM Partners Buy $63.00 to $64.00
2014-08-20 Reiterated Rating Deutsche Bank Buy $62.00 to $68.00
2014-07-23 Upgrade Northcoast Research Neutral to Buy $62.00
2014-07-16 Lower Price Target Sterne Agee CRT $65.00 to $56.00
2014-05-23 Reiterated Rating JPMorgan Chase & Co. Neutral $65.00 to $63.00
2014-05-22 Lower Price Target Buckingham Research $64.00 to $60.00
2014-05-21 Reiterated Rating Nomura Buy $67.00 to $65.00
2014-05-21 Reiterated Rating Deutsche Bank Buy $69.00 to $62.00
2014-05-21 Lower Price Target MKM Partners Buy $68.00 to $63.00
2014-05-21 Lower Price Target RBC Capital Outperform $67.00 to $66.00
2014-05-21 Upgrade SunTrust Neutral to Buy $65.00
2014-05-21 Lower Price Target FBR & Co. Outperform $69.00 to $64.00
2014-02-27 Initiated Coverage Wedbush Neutral $63.00
2014-02-26 Lower Price Target Canaccord Genuity Hold $59.00 to $54.00
2014-02-12 Initiated Coverage Nomura Buy $67.00
2014-01-21 Downgrade Sterne Agee CRT Buy to Neutral $68.00 to $66.00
2013-12-09 Reiterated Rating Deutsche Bank Buy $66.00 to $69.00
2013-12-09 Initiated Coverage Atlantic Securities Overweight
2013-11-20 Reiterated FBR Capital Outperform $65 to $69
2013-11-20 Boost Price Target Stifel Nicolaus Buy $65.00 to $72.00
2013-11-20 Boost Price Target Sterne Agee CRT Buy $68.00
2013-11-20 Boost Price Target RBC Capital Outperform $64.00 to $67.00
2013-11-20 Boost Price Target Jefferies Group Hold $55.00 to $60.00
2013-11-20 Boost Price Target Canaccord Genuity Hold $55.00 to $59.00
2013-11-20 Boost Price Target BMO Capital Markets Market Perform $52.00 to $60.00
2013-11-20 Reiterated Rating Lazard Capital Markets Buy $66.00
2013-11-20 Reiterated Rating Goldman Sachs Neutral $64.00 to $67.00
2013-11-20 Boost Price Target Telsey Advisory Group Not Rated $65.00 to $68.00
2013-11-20 Boost Price Target FBR & Co. Outperform $65.00 to $69.00
2013-10-23 Boost Price Target Lazard Capital Markets Buy $62.00 to $66.00
2013-10-23 Boost Price Target MKM Partners $61.00 to $66.00
2013-10-23 Boost Price Target Canaccord Genuity Hold $50.00 to $55.00
2013-10-22 Boost Price Target RBC Capital Outperform $60.00 to $64.00
2013-10-22 Boost Price Target Stifel Nicolaus Buy $62.00 to $65.00
2013-10-15 Reiterated Rating Cowen and Company Buy $62.00
2013-10-15 Boost Price Target Deutsche Bank Buy $60.00 to $62.00
2013-09-27 Reiterated Rating RBC Capital Buy $60.00
2013-09-27 Boost Price Target Cowen and Company Outperform $59.00 to $62.00
2013-08-21 Reiterated MKM Partners Buy $57 to $61
2013-05-22 Reiterated MKM Partners Buy $54 to $57
2013-03-12 Initiated Barclays Overweight $55
2016-06-30 Reiterated Rating BMO Capital Markets Outperform $85.00
2016-06-27 Reiterated Rating Wells Fargo Buy
2016-06-27 Reiterated Rating Wells Fargo & Co. Buy
2016-06-24 Initiated Coverage Miller Tabak Buy $91.00
2016-06-14 Reiterated Rating Deutsche Bank Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Herrman Ernie President 0.06%  (401409) TJX /
MEYROWITZ CAROL CEO - TJX 0.03%  (219432) SPLS / TJX /
CAMMARATA BERNARD 0.02%  (159084) TJX /
NAYLOR JEFFREY G SEVP, CAO 0.02%  (132076) DLTR / SYF / TFM / TJX /
MacMillan Michael SEVP, Group President 0.02%  (119768) TJX /
Rossi Jerome R SEVP, Group President 0.02%  (118825) ADC / TJX /
Sherr Richard SEVP, Group President 0.01%  (92715) TJX /
Goldenberg Scott EVP, CFO 0.01%  (86024) TJX /
Canestrari Kenneth SEVP - Group President 0.01%  (85008) TJX /
Mizzi Douglas W. SEVP - Group President 0.01%  (64575) TJX /
Stutz Nan SEVP, Group President 0.01%  (63108) TJX /
OBRIEN JOHN F 0.01%  (61195) CBT / LKQ / TJX /