TJX Companies
Operates off-price apparel and home-fashions chains built around rapidly changing branded assortments.
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Profile
Sells rapidly changing assortments of discounted apparel, accessories, footwear, home fashions, and outdoor gear through TJ Maxx, Marshalls, HomeGoods, Homesense, Sierra, Winners, and TK Maxx. Opportunistic purchasing from a broad vendor base supports the treasure-hunt format, while physical stores generate nearly all sales.
Operates off-price apparel and home-fashions chains through Marmaxx and HomeGoods in the United States, TJX Canada, and TJX International across Europe and Australia. TJ Maxx, Marshalls, HomeGoods, Homesense, Sierra, Winners, and TK Maxx span more than 5,200 stores, supported by a small complementary e-commerce business.
Buys branded, designer, and other merchandise opportunistically, including closeouts, cancellations, overruns, and special production. A broad global vendor base, purchases made close to need, flexible store layouts, and rapid inventory turns support frequently changing assortments and prices below comparable full-price retailers.
Most revenue comes from the United States, and stores generate nearly all sales despite several e-commerce sites. Results depend on continued access to attractive branded inventory, accurate allocation across local markets, efficient distribution, and sustained traffic to physical stores.
Company facts
Categories
Key statistics
Year to date −12.4% · Average volume (30d) 6.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Jefferies | Downgrade | Buy | Hold | $170 | $145 |
| Aug 25, 2026 | Bernstein | Reiterate | Outperform | $170 | $175 | |
| Aug 20, 2026 | Evercore ISI | Reiterate | Outperform | $175 | $173 | |
| Aug 20, 2026 | Gordon Haskett Capital Corporation | Target | $67 | $155 | ||
| Aug 20, 2026 | Morgan Stanley | Reiterate | Overweight | $181 | $178 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 19, 2026Q2 FY27 | $1.19 | $1.22 | +2.5% | $15.16B | $15.18B | +0.1% | −4.21% |
| May 20, 2026Q1 FY27 | $1.02 | $1.19 | +16.7% | $14.02B | $14.32B | +2.2% | −1.10% |
| Feb 25, 2026Q4 FY26 | $1.39 | $1.43 | +2.9% | $17.36B | $17.74B | +2.2% | +1.84% |
| Nov 19, 2025Q3 FY26 | $1.23 | $1.28 | +4.1% | $14.85B | $15.12B | +1.8% | +1.55% |
Financial highlights
| 12 quarters | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.11B | $14.40B | $15.12B | $17.74B | $14.32B | $15.18B | |
| Gross profit | $3.87B | $4.43B | $4.98B | $5.48B | $4.48B | $5.07B | |
| Operating income | $1.32B | $1.62B | $1.97B | $2.35B | $1.69B | $1.99B | |
| Net income | $1.04B | $1.24B | $1.44B | $1.77B | $1.33B | $1.52B | |
| Diluted EPS | $0.92 | $1.10 | $1.28 | $1.58 | $1.19 | $1.36 | |
| Gross margin | 29.5% | 30.7% | 33.0% | 30.9% | 31.3% | 33.4% | |
| Operating margin | 10.0% | 11.2% | 13.0% | 13.3% | 11.8% | 13.1% |
Fiscal years (4-quarter sums)FY22 $48.55B · FY23 $49.94B · FY24 $54.22B · FY25 $56.36B · FY26 $60.37B
Revenue by product · Q2 FY27
Revenue by geography · Q2 FY27
Balance sheet, Aug 1, 2026Cash & short-term investments $6.00B · Total debt $14.32B · Total assets $37.12B · Shareholders' equity $10.65B
Dividends
Raised for 29 straight years — most recently to $0.48 from $0.425 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 13, 2026 | Aug 13 | Sep 3 | $0.48 | |
| May 14, 2026 | May 14 | Jun 4 | $0.48 | raised from $0.425 |
| Feb 12, 2026 | Feb 12 | Mar 5 | $0.425 | |
| Nov 13, 2025 | Nov 13 | Dec 4 | $0.425 | |
| Aug 14, 2025 | Aug 14 | Sep 4 | $0.425 | |
| May 15, 2025 | May 15 | Jun 5 | $0.425 | raised from $0.375 |
| Feb 13, 2025 | Feb 13 | Mar 6 | $0.375 | |
| Nov 14, 2024 | Nov 14 | Dec 5 | $0.375 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 1.10B · Float 1.10B · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 108.84M | 9.85% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 72.22M | 6.54% | 13F | Aug 13, 2026 |
| State Street Corp | 49.71M | 4.50% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 28.89M | 2.62% | 13F | Aug 12, 2026 |
| Morgan Stanley | 27.03M | 2.45% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 11, 2026 | Jackwyn Nemerov | director | −957 | $168.60 |
| Jun 10, 2026 | Peter Benjamin | officer: SEVP, Group President | −10,926 | $165.00 |
| Jun 9, 2026 | Carol Meyrowitz | director, officer: Executive Chairman | −55,624 | $163.65 |
| Jun 5, 2026 | Ernie Herrman | director, officer: CEO & President | −10,002 | $160.68 |
| Jun 4, 2026 | Ernie Herrman | director, officer: CEO & President | −28,000 | $158.33 |
Peers
- Ross Stores
Second-largest US off-price peer; same model across apparel and home.
- Burlington Stores
Third-largest US off-price peer; smaller-store pivot expanding into TJX formats.
- Walmart
Mass-market giant; everyday low prices across apparel and home fashions.
- Target
Style-forward US discounter contesting branded apparel and home décor.
- Costco
Membership warehouse club; rotating home goods and apparel at bulk value.
- Wayfair
Online home goods leader contesting HomeGoods' décor and soft-home shoppers.
- Kohl's
Value department store ceding apparel and home shoppers to off-price chains.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TJX Companies | $135.46 | +0.24% | $149.29B | 25.0 | 25.0 | 2.4 | +5.4% |
| Ross Stores | $229.00 | +0.22% | $73.31B | 27.7 | 27.0 | 3.0 | +13.3% |
| Burlington Stores | $273.28 | +0.08% | $17.18B | 24.5 | 22.0 | 1.4 | +10.9% |
| Walmart | $103.07 | −0.03% | $820.40B | 37.2 | 34.5 | 1.1 | +5.9% |
| Target | $163.23 | +0.05% | $74.10B | 16.9 | 17.6 | 0.7 | +5.3% |
| Costco | $945.47 | −0.03% | $419.30B | 47.6 | 43.0 | 1.4 | +11.6% |
| Wayfair | $104.07 | +0.32% | $14.21B | — | 30.7 | 1.1 | +7.5% |
| Kohl's | $17.49 | −0.02% | $1.98B | 7.5 | 12.4 | 0.1 | −6.4% |
| Median | 26.1 | 27.0 | 1.1 | +7.5% |