Watch for Continued Gains in Shares of TJX Companies Inc. (The) (TJX)

November 17, 2021 12:10:05

TJX Companies Inc. (The) (NYSE:TJX) traded at a new 52-week high today of $76.94. So far today approximately 13 million shares have been exchanged, as compared to an average 30-day volume of 6.5 million shares.

In the past 52 weeks, TJX Companies Inc. (The) share prices are bracketed by a low of $59.12 and a high of $76.94 and is now at $74.63, 26% above that low price.

TJX Companies Inc. (The) (NYSE:TJX) is currently priced 97.3% above its average consensus analyst price target of $2.02.

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 79% of fiscal 2021 revenue from the United States, with 11% from Europe (mostly the United Kingdom and Germany), 9% from Canada, and the remainder from Australia. The company operated 4,572 stores at the end of fiscal 2021 under the T.J. Maxx, T.K. Maxx, Marshalls, HomeGoods, Winners, Homesense, Winners, and Sierra banners.

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