The TJX Companies, Inc. (NYSE: TJX) is a leading off-price retailer offering a wide range of apparel, home fashions, and accessories through its well-known brands, including T.J. Maxx, Marshalls, HomeGoods, and Sierra, with global operations.
Key Takeaways:
- TJX stock price is projected to grow significantly from 2024 to 2050
- Compound Annual Growth Rate (CAGR) expected to remain strong
- Factors such as market trends, economic conditions, and company performance will influence stock price
- Long-term outlook for TJX appears positive based on forecasted growth
Overview of TJX Companies
The TJX Companies, Inc. has a rich history dating back to 1956 when the first Zayre store was opened. Over the decades, the company has evolved and expanded, becoming a leader in off-price retail. TJX operates thousands of stores across the United States, Canada, Europe, and Australia, offering brand-name and designer products at discounted prices.
TJX Companies Company Profile
| Country | United States of America |
| Ticker Symbol | TJX |
| Exchange | New York Stock Exchange |
| Founded | 1987 |
| IPO Date | 1988 |
| Industry | Apparel Retail |
| Sector | Consumer Cyclical |
| Employees | 349,000 |
| CEO | Ernie Herrman |
| Market Cap (September 3, 2024) | $132.53 billion |
| Website | TJX Companies |
TJX Companies (TJX) Balance Sheet Analysis
The TJX Companies, Inc. (NYSE: TJX) demonstrated a strong financial position in its 2023 balance sheet, with total assets reaching $28.35 billion as of January 31, 2023. This figure represents a slight decrease from the previous year’s $28.46 billion, indicating a stable asset base.
Total liabilities for TJX stood at $21.99 billion, resulting in a total equity of $6.36 billion. This equity position shows an improvement from the $6.00 billion reported in the previous year, suggesting enhanced shareholder value.
The company’s total debt amounted to $12.74 billion, while maintaining a working capital of $2.15 billion. This working capital, though lower than the previous year’s $2.79 billion, still indicates a solid liquidity position for the off-price retailer.
TJX reported a tangible book value of $6.27 billion, with 1.16 billion shares issued. The company’s invested capital stood at $9.72 billion, reflecting its continued investment in growth and operations despite challenging retail market conditions.
Balance Sheet Data Source: finance.yahoo
TJX Companies Stock Price History
The TJX Companies, Inc. (NYSE: TJX) had its IPO in the year 1988. TJX Companies (NYSE: TJX) has implemented five stock splits since 1997, enhancing shareholder value. The splits occurred in 1997, 1998, 2002, 2012, and most recently in 2018, all at a 2:1 ratio. Notably, one share purchased before June 27, 1997, would now equal 32 shares, demonstrating TJX’s consistent growth and commitment to investor accessibility over two decades.1
As of August 30, 2024, the stock price stands at $117.27.
TJX Stock Price Forecast 2024
For the remainder of 2024, we anticipate moderate growth for TJX stock. The company’s strong business model and ability to adapt to changing consumer preferences position it well for continued success. TJX’s focus on off-price retail continues to resonate with budget-conscious consumers, while its expansion into home goods provides additional growth opportunities. The company’s robust supply chain and inventory management systems contribute to its resilience in a competitive retail landscape.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $88.00 | $115.50 | $143.00 |
We project a growth of approximately 4% from the current price, with an average price of $115.50 by the end of 2024.
TJX Stock Price Forecast 2025
In 2025, we expect TJX to continue its upward trend, benefiting from improving economic conditions and its strong market position. The company’s international expansion efforts, particularly in Europe and Australia, are likely to contribute to growth. TJX’s ability to offer brand-name and designer products at discounted prices continues to attract value-seeking shoppers, potentially driving increased foot traffic and sales across its store formats.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $120.00 | $128.50 | $167.00 |
Our forecast suggests a growth of about 11.3% from 2024, with an average price of $128.50.
TJX Stock Price Forecast 2026
As we move into 2026, TJX is likely to maintain its growth momentum, driven by expansion initiatives and operational efficiencies. The company’s investment in e-commerce capabilities and omnichannel retail strategies may start to yield significant returns. TJX’s focus on sustainability and ethical sourcing could also resonate with increasingly conscious consumers, potentially enhancing brand loyalty and market share.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $135.00 | $144.50 | $184.00 |
We project a growth of approximately 12.5% from 2025, with an average price of $144.50.
TJX Stock Price Forecast 2027
In 2027, TJX is expected to continue its upward trend, potentially benefiting from technological advancements and improved supply chain management. The company’s data analytics capabilities may enable more precise inventory management and personalized marketing efforts. TJX’s ability to quickly respond to fashion trends and consumer preferences could further strengthen its competitive position in the retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $152.00 | $163.00 | $214.00 |
Our forecast indicates a growth of about 12.8% from 2026, with an average price of $163.00.
TJX Stock Price Forecast 2028
As we approach the end of the decade, TJX’s stock price is projected to maintain its strong performance, supported by its robust business model and market leadership. The company’s potential expansion into new geographic markets or retail segments could drive additional growth. TJX’s focus on experiential retail and in-store technology may enhance customer engagement and drive sales.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $172.00 | $184.50 | $367.00 |
We anticipate a growth of approximately 13.2% from 2027, with an average price of $184.50.
TJX Stock Price Forecast 2029
Entering the new decade, TJX is poised for continued growth, potentially benefiting from evolving retail trends and consumer behaviors. The company’s adaptability to changing market conditions and consumer preferences may drive further success. TJX’s potential investments in artificial intelligence and machine learning could optimize operations and enhance the shopping experience for customers.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $195.00 | $209.00 | $423.00 |
Our forecast suggests a growth of about 13.3% from 2028, with an average price of $209.00.
TJX Stock Price Forecast 2030
By 2030, TJX is expected to have further secured its market position, potentially exploring new markets and retail concepts. This growth Movement is similar to other retail giants, as seen in the Ross Stores stock forecast for the same period. The company’s commitment to ethical business practices may resonate strongly with environmentally conscious consumers. TJX’s potential advancements in supply chain automation and last-mile delivery could enhance operational efficiency and customer satisfaction.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $221.00 | $237.00 | $553.00 |
We project a growth of approximately 13.4% from 2029, with an average price of $237.00.
TJX Stock Price Forecast 2031
In 2031, TJX’s stock price is anticipated to continue its upward trend, supported by long-term growth strategies and market expansion. The company’s potential investments in virtual and augmented reality technologies could revolutionize the off-price shopping experience. TJX’s ability to adapt to changing consumer demographics and preferences may drive continued success in the retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $251.00 | $269.00 | $687.00 |
Our forecast indicates a growth of about 13.5% from 2030, with an average price of $269.00.
TJX Stock Price Forecast 2032
As we move further into the 2030s, TJX is expected to maintain its growth momentum, potentially benefiting from innovative retail solutions and changing consumer preferences. The company’s focus on data-driven decision making and personalized shopping experiences may enhance customer loyalty. TJX’s potential expansion into new product categories or services could open up additional revenue streams.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $285.00 | $305.50 | $726.00 |
We anticipate a growth of approximately 13.6% from 2031, with an average price of $305.50.
TJX Stock Price Forecast 2033
In 2033, TJX’s stock price is projected to continue its ascent, driven by the company’s adaptability and strong market presence. The potential integration of Internet of Things (IoT) technologies in TJX’s stores could enhance inventory management and customer experience. The company’s commitment to workforce development and employee satisfaction may contribute to operational excellence and brand reputation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $324.00 | $347.50 | $871.00 |
Our forecast suggests a growth of about 13.7% from 2032, with an average price of $347.50.
TJX Stock Price Forecast 2034
By 2034, TJX is expected to have further strengthened its position in the retail sector, potentially exploring new technologies and retail formats. The company’s investments in sustainable and circular fashion could align with evolving consumer values. TJX’s potential partnerships with innovative startups or tech companies may drive technological advancements in the retail space.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $369.00 | $395.50 | $922.00 |
We project a growth of approximately 13.8% from 2033, with an average price of $395.50.
TJX Stock Price Forecast 2035
As we approach the mid-2030s, TJX’s stock price is anticipated to maintain its strong performance, supported by its proven business model and market leadership. The company’s global expansion strategy may mirror that of other international retailers, as analyzed in the Starbucks stock prediction through 2035. TJX’s focus on creating immersive and personalized shopping experiences may drive customer engagement and loyalty.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $420.00 | $450.50 | $1181.00 |
Our forecast indicates a growth of about 13.9% from 2034, with an average price of $450.50.
TJX Stock Price Forecast 2036
In 2036, TJX is expected to continue its upward trend, potentially benefiting from global expansion and evolving retail landscapes. The company’s investments in advanced robotics and automation could significantly enhance operational efficiency. TJX’s ability to adapt to changing fashion trends and consumer preferences may continue to drive its success in the off-price retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $479.00 | $513.50 | $1248.00 |
We anticipate a growth of approximately 14% from 2035, with an average price of $513.50.
TJX Stock Price Forecast 2037
As we move closer to the end of the 2030s, TJX’s stock price is projected to maintain its growth momentum, driven by innovative strategies and market adaptability. The company’s potential ventures into new retail concepts or complementary business areas could diversify revenue streams. TJX’s focus on creating seamless omnichannel experiences may enhance customer satisfaction and drive sales growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $546.00 | $585.50 | $1425.00 |
Our forecast suggests a growth of about 14.1% from 2036, with an average price of $585.50.
TJX Stock Price Forecast 2038
In 2038, TJX is expected to continue its strong performance, potentially exploring new retail concepts and technologies to drive growth. The company’s investments in artificial intelligence and predictive analytics could revolutionize inventory management and pricing strategies. TJX’s commitment to sustainability and ethical business practices may resonate strongly with environmentally conscious consumers, driving brand loyalty.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $623.00 | $668.00 | $1613.00 |
We project a growth of approximately 14.2% from 2037, with an average price of $668.00.
TJX Stock Price Forecast 2039
As we approach the end of the 2030s, TJX’s stock price is anticipated to maintain its upward trajectory, supported by its robust business model and market leadership. The company’s potential expansion into new geographic markets or retail segments could drive additional growth. TJX’s focus on creating unique and engaging shopping experiences may continue to differentiate it in the competitive retail landscape.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $712.00 | $763.00 | $1814.00 |
Our forecast indicates a growth of about 14.3% from 2038, with an average price of $763.00.
TJX Stock Price Forecast 2040
Entering the 2040s, TJX is poised for continued growth, potentially benefiting from long-term retail trends and evolving consumer behaviors. While retail-specific, these long-term growth projections share similarities with other sectors, such as those outlined in the Canadian National Railway stock forecast to 2040. The company’s investments in advanced technologies like virtual reality and augmented reality could transform the shopping experience. TJX’s ability to adapt to changing demographic trends and consumer preferences may drive its success in the coming decades.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $814.00 | $872.50 | $1931.00 |
We anticipate a growth of approximately 14.4% from 2039, with an average price of $872.50.
TJX Stock Price Forecast 2050
Looking ahead to 2050, we project significant growth for TJX stock, reflecting long-term market trends and the company’s potential for continued success. TJX’s ability to innovate and adapt to future retail landscapes will be crucial. The company’s potential leadership in sustainable and ethical retail practices could position it favorably in an increasingly environmentally conscious market.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $4000.00 | $4300.00 | $5600.00 |
Our forecast suggests an average price of $4300.00 by 2050, representing substantial growth over the decades.
Conclusion
Based on our analysis, The TJX Companies, Inc. (NYSE: TJX) stock price is projected to experience significant growth from 2024 to 2050. We forecast the stock to reach an average price of $4300.00 by 2050. This represents a Compound Annual Growth Rate (CAGR) of approximately 15.8% over the 26-year period.
FAQs
1. What is the future of TJX share price?
Our forecast suggests a strong upward trend for TJX’s share price in the coming decades. Starting from $111.01 in June 2024, we project the stock to reach an average price of $4300.00 by 2050. This represents a Compound Annual Growth Rate (CAGR) of approximately 15.8% over the 26-year period.
2. What is the TJX share prediction for 2030?
According to our forecast, the TJX share price prediction for 2030 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $221.00 | $237.00 | $253.00 |
We project a growth of approximately 13.4% from 2029, with an average price of $237.00 in 2030.
3. What is the TJX 10 year outlook?
Based on our projections, the 10-year outlook for TJX (from 2024 to 2034) is very positive. We expect the stock price to grow from an average of $115.50 in 2024 to $395.50 in 2034. This represents a significant increase over the decade, with consistent year-over-year growth projected.
4. Is TJX a buy, hold, or sell?
While our analysis doesn’t explicitly state a buy, hold, or sell recommendation, the projected strong growth over the long term suggests that TJX could be considered a “buy” or “hold” for long-term investors.
5. Who are the major competitors of TJX?
The major competitors of The TJX Companies, Inc. (NYSE: TJX) in the U.S. stock market include:
- Ross Stores, Inc. (NASDAQ: ROST) – Operates off-price retail apparel and home fashion stores, similar to TJX’s T.J. Maxx and Marshalls.
- Burlington Stores, Inc. (NYSE: BURL) – Operates a national chain of off-price retail stores offering apparel, footwear, and home goods.
- Nordstrom, Inc. (NYSE: JWN) – While primarily known for its full-line department stores, Nordstrom also operates Nordstrom Rack, an off-price retail division.
- Kohl’s Corporation (NYSE: KSS) – A department store chain that offers apparel, footwear, and home products at competitive prices.
- Macy’s, Inc. (NYSE: M) – Operates Macy’s Backstage, which is an off-price retail division, in addition to its traditional department stores.
- Target Corporation (NYSE: TGT) – A general merchandise retailer that offers a wide range of products at competitive prices, often in direct competition with TJX’s HomeGoods.
- Walmart Inc. (NYSE: WMT) – The retail giant offers a broad range of products, including apparel and home goods, often at low prices.
- Bed Bath & Beyond Inc. (NASDAQ: BBBY) – Focuses on home goods, which competes directly with TJX’s HomeGoods stores.
- Dollar General Corporation (NYSE: DG) – A discount retailer that competes in the low-price segment with a variety of general merchandise.
- Five Below, Inc. (NASDAQ: FIVE) – A discount retailer targeting the teen and pre-teen market, offering a range of inexpensive products, including apparel and home decor.
These companies compete with TJX in various segments, including off-price retail, home goods, and apparel.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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