TJX Companies Inc (TJX)

Several events have impacted The TJX Companies, Inc. (TJX) stock price in the past six months. For the fourth quarter of fiscal year 2025, TJX reported better-than-expected results, with diluted earnings per share (EPS) of $1.23 and consolidated comparable store sales increasing 5%, leading to TJX stock rising and approaching record levels. For the first quarter of fiscal year 2026, TJX reported net sales of $13.1 billion and consolidated comparable sales growth of 3%, which was at the high end of the company's plan, but the company's guidance for the full fiscal year 2026 disappointed investors, leading to a post-earnings sell-off. Throughout this period, TJX continued its commitment to returning cash to shareholders, announcing a 13% increase in its quarterly dividend to $0.425 per share and planning to repurchase approximately $2.0 to $2.5 billion of TJX stock during fiscal year 2026. On June 27, 2025, TJX stock was up +1.02% at $123.38, outperforming the S&P 500's daily gain.

The TJX Companies, Inc. operates with a business model that allows it to navigate demand seasonality effectively. Its off-price retail model enables the company to maintain steady demand even during periods of cautious consumer sentiment. TJX's flexible inventory management allows it to quickly respond to spikes in demand for different product categories. TJX has managed to mitigate the negative impact of the post-holiday return season through efficient inventory and sales management practices. The company's ability to attract value-seeking consumers, especially during inflationary periods, further contributes to its consistent demand.

The TJX Companies, Inc. is a leading multinational off-price retailer of apparel and home fashions, operating within the Services sector, specifically in the Retail (Apparel) industry, and is categorized under Specialty Retail and Apparel Retail within the Consumer Discretionary sector. Its business model focuses on off-price retailing, providing value to customers through discounted brand-name merchandise. Major products offered by TJX include apparel, footwear, and accessories; home fashions; and other merchandise such as pet, kids, and gourmet food departments, as well as designer services. The company operates stores under several well-known banners, including T.J. Maxx, Marshalls, HomeGoods, HomeSense, and Sierra in the U.S.; Winners, HomeSense, and Marshalls in Canada; T.K. Maxx and HomeSense in Europe; and T.K. Maxx in Australia. TJX also operates e-commerce sites for T.J. Maxx, Marshalls, and Sierra in the U.S., and three sites for T.K. Maxx in Europe.

The TJX Companies, Inc. has a significant global presence, operating over 5,000 stores across nine countries and three continents. In the United States, stores include T.J. Maxx, Marshalls, HomeGoods, HomeSense, and Sierra. In Canada, stores include Winners, HomeSense, and Marshalls. In Europe, stores include T.K. Maxx and HomeSense. In Australia, stores include T.K. Maxx. In recent expansion efforts, TJX announced a joint venture with Grupo Axo in Mexico in June 2024, which will encompass Axo's existing off-price physical store business in Mexico, including Promoda, Reduced, and Urban Store banners. Additionally, in August 2024, TJX announced a $360 million investment to acquire a 35% stake in Brands for Less, a Dubai-based discount retailer operating across the Middle East.

The TJX Companies, Inc. has maintained a generally positive brand reputation, particularly in terms of customer satisfaction and its value proposition. In October 2024, TJX (Marshalls, TJ Maxx) was identified as a top performer in discount stores with an American Customer Satisfaction Index (ACSI) score of 82. In March 2024, a report from the Center for Environmental Health (CEH) alleged that retailers, including Marshalls and TJ Maxx, may have sold fast-fashion items containing "shockingly high levels of lead," to which TJX responded by stating that product safety is important to them and their merchandise vendors warrant that goods comply with all applicable laws, regulations, and standards, including those related to lead content. The Better Business Bureau (BBB) website shows 182 complaints closed for TJX in the last 12 months, including issues such as damaged online orders and alleged rude behavior from store staff.

The ownership structure of The TJX Companies, Inc. is primarily dominated by institutional investors, holding a significant 87.4% of the company's stock as of December 31, 2024. Major institutional owners of TJX include BlackRock, Inc., Vanguard Group Inc., State Street Corp (State Street Global Advisors), Wellington Management Group Llp, Fmr Llc (Fidelity Management & Research), Geode Capital Management, Llc, Morgan Stanley, and JPMorgan Chase & Co. Retail investors hold approximately 12.6% of the company.