TJX Companies, Inc. (The) (TJX) Stock Price & How to Invest

TJX Companies operates the largest off-price retail business in the world. Brands include T.J. Maxx, Marshalls, HomeGoods, HomeSense, Sierra (off-price outdoor), and TK Maxx internationally. The model is opportunistic buying: TJX merchandise teams buy branded and designer apparel and home goods at deep discounts from manufacturers, brands, and other retailers (overstock, cancellations, end-of-season). These products are then sold at 20-60% below department store prices.

The TJX model is structurally counter-cyclical: when consumers are squeezed, they trade down to off-price; when other retailers struggle, they sell inventory to TJX cheaply. This makes TJX one of the few retailers that often performs well in recessions. The company has approximately 5,000 stores globally. Founded in 1956, headquartered in Framingham, Massachusetts. Ernie Herrman has been CEO since 2016.

The numbers have kept growing. In the fiscal year ended January 31, 2026 revenue reached about $60.4 billion and net income about $5.5 billion, and trailing revenue is now about $62.4 billion with a ~9.7% net margin. In the quarter ended August 1, 2026 sales rose about 5.4% to roughly $15.2 billion and EPS of $1.22 edged past the ~$1.19 consensus, the fourth straight beat. The quarter was still read as in line rather than strong, because same-store sales at Marmaxx (T.J. Maxx and Marshalls in the US, the largest division) fell short of company and analyst expectations; a fund manager letter cited management attributing it to product and category mix execution in stores rather than competition. The stock closed at $147.04 on October 16, 2026, down about 5% year to date and up about 3% over twelve months, between a 52-week low of $122.78 and a high of $170.00, though it has rebounded about 16% over the past month. Fiscal third-quarter results are due November 18, 2026.

If consumer pressure eases significantly, the off-price trade-down dynamic moderates. Inventory sourcing depends on full-price retail health; if traditional retail recovers fully, less excess inventory flows to off-price. Near term, the risk is execution in the core US division: Marmaxx comparable sales missed expectations in the summer quarter and face tougher comparisons in coming quarters, and press coverage in October 2026 questioned whether T.J. Maxx and Marshalls have a customer problem. Valuation leaves less room for misses than at a department store: TJX trades at about 27 times trailing earnings and about 15 times book value, and debt including leases of about $14.3 billion exceeds its ~$6 billion of cash.

20 analysts publish price targets on TJX, averaging $170.80 against a $147.33 price as of October 2026, or +15.9%. The published targets run from $136.00 to $198.00, a moderate spread, and the ratings split 18 buy, 4 hold, 0 sell. Over the last six months there have been 4 raises and 6 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full TJX forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on TJX Companies, Inc. (The). Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Consumer trade-down driving traffic. Persistent inflation and middle-income consumer pressure has driven steady trade-down from full-price retail to off-price. The most optimistic published target, $198.00, assumes this works close to its best case.

The case against. If consumer pressure eases significantly, the off-price trade-down dynamic moderates. The most pessimistic target, $136.00, is roughly what TJX is worth if this bites instead.

Read the full bull and bear case on TJX, including what would have to change to break either one. Walnut is not an investment adviser.

Yes. TJX Companies, Inc. (The) (TJX) has had one share split in the last 10 years:

• 2:1 on November 7, 2018, so every share held became 2 shares.

A split changes the share count and the price per share and leaves the value of a holding unchanged. Someone holding $1,000 of TJX the day before the 2:1 split held $1,000 the day after, in more shares at a proportionally lower price. Historical prices from before the date are normally shown split-adjusted, which is why a long-run chart shows no cliff.

Splits matter mainly because they make older price figures confusing to compare by hand, and because a board choosing to split is usually signalling that the price has run up far enough to feel awkward for smaller buyers. Neither is a reason to buy or sell.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see TJX Companies, Inc. (The)'s investor relations page or your broker.

• Revenue (TTM): ~$62.4B
• Revenue growth (latest quarter, y/y): ~5.4%
• Operating / net margin: ~10.9% / ~9.7%
• Net income (TTM): ~$6.1B (EPS ~$5.40)
• P/E (trailing / forward): ~27x / ~25x
• Dividend yield: ~1.3% ($1.92 a year)
• Free cash flow (TTM): ~$4.4B
• Market cap: ~$162B

At $147.04, TJX trades at about 27 times trailing earnings and about 25 times the ~$5.77 of EPS analysts expect for the fiscal year ending January 2028, a premium to traditional department stores and apparel retailers that reflects the durability of the counter-cyclical model. The premium held through 2026 even as the shares slipped about 5% year to date on the Marmaxx comparable-sales miss. Twenty analysts tracked by Yahoo Finance hold a consensus buy rating with a mean target near $171, and in early October Gordon Haskett raised its target to $175 while Evercore ISI trimmed its to $173.

If you want TJX exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses TJX naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to TJX: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get TJX exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (QUAL, XLY, VCR), which spreads the position across many companies. Or build it into a focused thematic portfolio, so TJX sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where TJX fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

TJX Companies (TJX) is a counter-cyclical off-price retailer whose sourcing scale and treasure-hunt experience let it take share from department stores like Macy's and Kohl's through both good times and downturns. In a portfolio it behaves as a resilient consumer-discretionary and dividend-growth holding, more defensive than peers Ross Stores and Burlington despite sitting in a cyclical sector.

Whether TJX is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is TJX a buy or a sell?, and where the stock could go from here in the TJX stock forecast.

For income investors, whether TJX pays a dividend and how the payout looks is covered in does TJX pay a dividend? And to weigh TJX against a peer, read the full side-by-side comparisons: TJX vs COST and TJX vs ULTA.