TJX Stock Summary and Trading Ideas (TJX Companies | NYSE:TJX)

TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 21,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its 5,000 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.

TJX Companies trades on the NYSE stock market under the symbol TJX.

As of December 4, 2024, TJX stock price climbed to $125.50 with 3,494,826 million shares trading.

TJX has a beta of 0.76, meaning it tends to be less sensitive to market movements. TJX has a correlation of 0.30 to the broad based SPY ETF.

TJX has a market cap of $141.55 billion. This is considered a Large Cap stock.

Last quarter TJX Companies reported $14 billion in Revenue and $1.14 earnings per share. This beat revenue expectation by $113 million and exceeded earnings estimates by $.04.

In the last 3 years, TJX traded as high as $128.00 and as low as $53.69.

The top ETF exchange traded funds that TJX belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

TJX has outperformed the market in the last year with a price return of +42.6% while the SPY ETF gained +33.9%. However, in the short term, TJX had mixed performance relative to the market. It has underperformed in the last 3 months, returning +7.1% vs +10.4% return in SPY. But in the last 2 weeks, TJX shares have fared better than the market returning +5.0% compared to SPY +2.9%.

TJX support price is $123.32 and resistance is $126.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TJX shares will trade within this expected range on the day.