28-Mar-2024
Macy's is closing stores this year - this retailer may scoop up the extra sales
Seeking Alpha News (Wed, 27-Mar 7:58 AM ET)
Business Wire (Wed, 28-Feb 7:30 AM ET)
The TJX Companies, Inc. to Report Q4 and Full Year FY24 Results February 28, 2024
Business Wire (Wed, 14-Feb 11:00 AM ET)
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 4,950 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 March 28, 2024, TJX stock price climbed to $101.42 with 4,013,230 million shares trading.
TJX has a beta of 0.67, meaning it tends to be less sensitive to market movements. TJX has a correlation of 0.31 to the broad based SPY ETF.
TJX has a market cap of $116.03 billion. This is considered a Large Cap stock.
Last quarter TJX Companies reported $16 billion in Revenue and $1.12 earnings per share. This beat revenue expectation by $211 million and exceeded earnings estimates by $.01.
In the last 3 years, TJX stock traded as high as $102.84 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 +36.3% while the SPY ETF gained +33.6%. However, in the short term, TJX had mixed performance relative to the market. It has underperformed in the last 3 months, returning +9.7% vs +10.1% return in SPY. But in the last 2 weeks, TJX shares have fared better than the market returning +3.4% compared to SPY +1.7%.
TJX support price is $100.10 and resistance is $102.06 (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 stock will trade within this expected range on the day.