TJX Companies Inc. (The) (NYSE:TJX) traded at a new 52-week high today of $71.87. So far today approximately 2.2 million shares have been exchanged, as compared to an average 30-day volume of 5.3 million shares.
TJX Companies Inc. (The) (NYSE:TJX) defies analysts with a current price ($70.77) 1.4% above its average consensus price target of $69.80.
Over the past year, TJX Companies Inc. (The) has traded in a range of $42.52 to $71.87 and is now at $70.77, 66% above that low.
TJX is a leading off-price retailer of apparel, home fashions, and other merchandise. It sells a variety of branded goods, opportunistically buying inventory from a network of over 21,000 vendors worldwide. TJX targets undercutting conventional retailers’ regular prices by 20%-60%, capitalizing on a flexible merchandising network, relatively low-frills stores, and a treasure-hunt shopping experience to drive margins and inventory turnover. TJX derived 76% of fiscal 2020 revenue from the United States, with 13% from Europe (mostly the United Kingdom and Germany), 10% from Canada, and the remainder from Australia. The company operated 4,529 stores at the end of fiscal 2020 under the T.J. Maxx, T.K. Maxx, Marshalls, HomeGoods, Winners, Homesense, Winners, and Sierra banners.
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