Last $59.12 USD
Change Today +0.417 / 0.71%
Volume 652.7K
TJX On Other Exchanges
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As of 11:15 AM 04/21/14 All times are local (Market data is delayed by at least 15 minutes).

tjx companies inc (TJX) Snapshot

Open
$58.70
Previous Close
$58.70
Day High
$59.12
Day Low
$58.70
52 Week High
01/13/14 - $64.38
52 Week Low
04/23/13 - $46.76
Market Cap
41.5B
Average Volume 10 Days
3.3M
EPS TTM
$2.84
Shares Outstanding
703.7M
EX-Date
05/13/14
P/E TM
20.8x
Dividend
$0.70
Dividend Yield
0.98%
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.

191,000 Employees
Last Reported Date: 04/1/14
Founded in 1956

tjx companies inc (TJX) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.4M
President
Total Annual Compensation: $1.2M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $560.6K
Senior Executive Vice President and Group Pre...
Total Annual Compensation: $886.7K
Senior Executive Vice President and Group Pre...
Total Annual Compensation: $773.9K
Compensation as of Fiscal Year 2013.

tjx companies inc (TJX) Key Developments

The TJX Companies, Inc. Declares Regular Quarterly Dividend, Payable June 5, 2014

The TJX Companies, Inc. announced that its board of directors has raised the amount of its quarterly dividend by 21% from the last dividend paid. The Board declared a regular quarterly dividend in the amount of $0.175 per share, payable June 5, 2014, to shareholders of record on May 15, 2014.

TJX Recalls Autumn 2013 Gardeners Eden Light-Up Decorations Due to Fire Hazard

TJX recalled Gardeners Eden(TM) light-up autumn decorations. Hazard is Exposed wiring near the battery box can lead to a short circuit, posing a fire hazard. Remedy is customers should immediately stop using the recalled products, remove the batteries and return the decorations to any TJ Maxx, Marshalls or HomeGoods store for a full refund. It is illegal to resell or attempt to resell a recalled consumer product.

The TJX Companies, Inc Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Fifty Two Weeks Ended February 1, 2014; Provides Earnings Guidance for the First Quarter of Fiscal 2015 and Fiscal Year Ending January 31, 2015; Plans to Open New Stores

The TJX Companies, Inc. reported unaudited consolidated earnings results for the fourth quarter and fifty two weeks ended February 1, 2014. For the quarter, the company reported net sales of $7,808.787 million against $7,723.814 million a year ago. Income before provision for income taxes was $935.786 million against $964.687 million a year ago. Net income was $582.292 million against $604.844 million a year ago. Diluted earnings per share were $0.81 against $0.82 a year ago. Diluted earnings per share increased 9% over last year's adjusted $0.74, which excludes the approximately $.08 benefit from the extra week in the fourth quarter of fiscal 2013. For the fifty two weeks, the company reported net sales of $27,422.696 million against $25,878.372 million a year ago. Income before provision for income taxes was $3,319.489 million against $3,077.351 million a year ago. Net income was $2,137.396 million against $1,906.687 million a year ago. Net cash provided by operating activities was $2,590.3 million against $3,045.6 million a year ago. Property additions were $946.7 million against $978.2 million a year ago. Diluted earnings per share were $2.94 against $2.55 a year ago. Adjusted diluted earnings per share were $2.83, a 15% increase over the prior year's adjusted earnings per share of $2.47. For the fiscal year ending January 31, 2015, the company expects diluted earnings per share to be in the range of $3.05 to $3.19 versus $2.94 in Fiscal 2014. Excluding the $0.11 tax benefit in Fiscal 2014, this guidance would represent an 8% to 13% increase over the adjusted $2.83 in Fiscal 2014. This outlook is based upon estimated consolidated comparable store sales growth of 1% to 2%. EPS guidance assumes consolidated sales in the $28.8 billion to $29.2 billion range, a 5% to 6% increase over the prior year. For the year, the company expects pretax profit margins to be 12.0% to 12.3 %, this would be down 10 to up 20 basis points versus 12.1% in fiscal 2014. The company is planning gross profit margins to be 28.4% to 28.7%, which is down 10 to up 20 basis points versus fiscal 2014. For modeling purposes, the company is planning a tax rate of 37.8%; net interest expense of approximately $35 million; and a weighted average share count of 703 million shares. For the first quarter of fiscal 2015, the company expects diluted earnings per share to be in the range of $0.65 to $0.66, which would represent a 5% to 6% increase over last year's $0.62 per share. This guidance assumes an estimated $0.01 per share negative impact from foreign currency exchange rates. This outlook is based upon estimated consolidated comparable store sales growth of 1% to 2%. First quarter pretax profit margins are planned in the 11.4% to 11.5% range, down 40 to down 30 basis points versus the prior year. The company is anticipating first quarter gross profit margin to be in the range of 28.1% to 28.2%, down 30 to down 20 basis points versus the prior year. For modeling purposes, the company is anticipating a tax rate of 38.0% and net interest expense of about $9 million. Internationally, at TJX Canada, the company plans to add 20 new stores, including 10 Marshalls stores. At TJX Europe, the company expects to increase its pace of openings by approximately 25% and add 40 new stores this year. Later this year, the company plans to open 2 new Sierra Trading Post stores. This will be a value-driven outdoor concept based on the same off-price model at all of its stores.

 

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Industry Analysis

TJX

Industry Average

Valuation TJX Industry Range
Price/Earnings 19.9x
Price/Sales 1.5x
Price/Book 9.8x
Price/Cash Flow 19.3x
TEV/Sales 1.4x
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