Last $68.72 USD
Change Today +0.43 / 0.63%
Volume 2.5M
TJX On Other Exchanges
Symbol
Exchange
New York
Mexico
As of 4:02 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

tjx companies inc (TJX) Snapshot

Open
$68.32
Previous Close
$68.29
Day High
$68.91
Day Low
$68.32
52 Week High
02/25/15 - $69.87
52 Week Low
07/18/14 - $51.91
Market Cap
47.6B
Average Volume 10 Days
4.3M
EPS TTM
$3.17
Shares Outstanding
692.9M
EX-Date
--
P/E TM
21.7x
Dividend
$0.84
Dividend Yield
1.02%
Current Stock Chart for TJX COMPANIES INC (TJX)

tjx companies inc (TJX) Details

The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally. The company operates in four segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. Its apparel and home fashions chains sell family apparel, including footwear and accessories; fine jewelry and accessories; and home fashions comprising home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware, as well as other merchandise. The company operates its stores under the T.J. Maxx, Marshalls, HomeGoods, Winners, HomeSense, T.K. Maxx, and Sierra Trading Post trademarks. The TJX Companies, Inc. also sells its products through tjmaxx.com and SierraTradingPost.com in the United States, as well as through tkmaxx.com in Europe. As of February 1, 2014, it operated 1,079 T.J. Maxx, 942 Marshalls, 450 HomeGoods, and 4 Sierra Trading Post stores in the United States; 227 Winners, 91 HomeSense, and 27 Marshalls stores in Canada; and 371 T.K. Maxx and 28 HomeSense stores in Europe. The company was founded in 1956 and is headquartered in Framingham, Massachusetts.

tjx companies inc (TJX) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.5M
President
Total Annual Compensation: $1.3M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $592.3K
Senior Executive Vice President and Group Pre...
Total Annual Compensation: $912.3K
Senior Executive Vice President and Group Pre...
Total Annual Compensation: $762.3K
Compensation as of Fiscal Year 2014.

tjx companies inc (TJX) Key Developments

The TJX Companies, Inc. Presents at Bank of America Merrill Lynch 2015 Consumer & Retail Conference, Mar-03-2015

The TJX Companies, Inc. Presents at Bank of America Merrill Lynch 2015 Consumer & Retail Conference, Mar-03-2015 . Venue: The New York Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: Scott Goldenberg, Chief Financial Officer, Principal Accounting Officer and Senior Executive Vice President.

The TJX Companies, Inc Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Fifty Two Weeks Ended January 31, 2015; Provides Earnings Guidance for the First Quarter of Fiscal 2016 and Fiscal Year Ending January 30, 2016

The TJX Companies, Inc. reported unaudited consolidated earnings results for the fourth quarter and fifty two weeks ended January 31, 2015. For the quarter, net sales were $8.3 billion, a 6% increase over last year. Net income was $648 million and diluted earnings per share were $0.93, a 15% increase over last year $0.81 per share. Income before provision for income taxes was $1,029.635 million against $935.786 million a year ago. For the fifty two weeks, the company reported net sales were $29.1 billion, a 6% increase over last year. Net income was $2.2 billion, and diluted earnings per share were $3.15. Excluding a second quarter debt extinguishment charge of $0.01 per share, adjusted diluted earnings per share were $3.16, a 12% increase over last years adjusted $2.83, which excluded an $0.11 tax benefit from reported diluted earnings per share of $2.94. Income before provision for income taxes was $3,549.884 million against $3,319.489 million a year ago. Net cash provided by operating activities was $3,008.4 million against $2,600.5 million a year ago. Property additions were $911.5 million against $946.7 million a year ago. For the fiscal year ending January 30, 2016, the company expects diluted earnings per share to be in the range of $3.17 to $3.25 versus $3.15 in Fiscal 2015. Excluding the $0.01 debt extinguishment charge in fiscal 2015 referred to above, this guidance would represent a 0% to 3% increase over the adjusted $3.16 in fiscal 2015. This guidance reflects an assumption that currency could have a 5% negative impact on EPS growth, including 3% due to the impact of the dramatic change in foreign currency exchange rates on translation and mark-to-market adjustments and 2% from the effect of currency on merchandise margins at the company’s international divisions. The company is also assuming that the combination of its investments in Associates, incremental investments to support its growth, and pension costs will negatively impact EPS growth by an additional 4%. This EPS outlook is based upon estimated consolidated comparable store sales growth of 1% to 2%, consistent with the company’s plans in prior years. Again, the Company is reiterating its 10% to 13% long-term annual EPS growth model. Excluding last year's debt extinguishment charge, fiscal 2016 expected EPS would be 0 to 3% over the prior year's adjusted $3.16. EPS guidance assumes consolidated sales in the $29.8 billion to $30.2 billion range, a 3% to 4% increase over the prior year. This guidance assumes a 2% negative impact to reported revenue due to translational FX. The company is assuming a 1% to 2% comp increase on a consolidated basis and at Marmaxx, consistent with how they have planned the last several years. The company expects pretax profit margin to be 11.6% to 11.8% range versus 12.2% in fiscal 2015. The company is planning gross profit margin to be in the range of 28.4% to 28.5%, which will be down 10 basis points to flat versus fiscal 2015. For the first quarter of Fiscal 2016, the company expects diluted earnings per share to be in the range of $0.64 to $0.66, which would represent a 0% to 3% increase over last year’s $0.64 per share. This guidance reflects an assumption that currency could have a 4% negative impact on EPS growth, including 3% due to the impact of the dramatic change in foreign currency exchange rates on translation and mark-to-market adjustments and 1% from the effect of currency on merchandise margins at the company’s international divisions. The company also expects the combination of incremental investments to support its growth, employee payroll and pension costs to negatively impact EPS growth by an additional 5%. This outlook is based upon estimated consolidated comparable store sales growth of 2% to 3%. The company is modeling first quarter consolidated sales in the $6.7 billion to $6.8 billion range. This guidance assumes a 3% negative impact of reported revenue due to translational FX. For comp stores, the company is assuming growth in the 2% to 3% range on both a consolidated basis and at Marmaxx versus a 1% increase and flat comp last year, respectively. First quarter pretax profit margin is planned in the 10.6% to 10.8% range, down 50 to 70 basis points versus the prior year. The company is anticipating first quarter gross profit margin to be in the range of 27.9% to 28.0%, flat to up 10 basis points versus the prior year. For modeling purposes, the company is anticipating a tax rate of 37.9%, which is slightly higher than the full year. The company also expects net interest expense of about $11 million.

The TJX Companies, Inc. to Increase Quarterly Dividend, Payable in June 2015

The TJX Companies, Inc. intends to increase the regular quarterly dividend on its common stock to be declared in March 2015 and payable in June 2015 to $0.21 per share, subject to the approval of the Company's Board of Directors. This increase would represent a 20% increase in the current per share dividend and mark the 19th consecutive year that the Company has raised the dividend. Over this period of time, the Company's dividend has grown at a compound annual rate of 23%.

 

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Industry Analysis

TJX

Industry Average

Valuation TJX Industry Range
Price/Earnings 21.7x
Price/Sales 1.6x
Price/Book 11.1x
Price/Cash Flow 21.2x
TEV/Sales 1.5x
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