TJX Companies (TJX)
Market Price (8/10/2026): $161.02 | Market Cap: $178.1 BilSector: Consumer Discretionary | Industry: Apparel Retail
TJX Companies (TJX)
Market Price (8/10/2026): $161.02Market Cap: $178.1 BilSector: Consumer DiscretionaryIndustry: Apparel Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 7.6 Bil, FCF LTM is 5.5 Bil Stock buyback supportStock Buyback 3Y Total is 7.6 Bil Low stock price volatilityVol 12M is 19% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, Sustainable Consumption, E-commerce & DTC Adoption, Show more. | Trading close to highsDist 52W High is -4.2%, Dist 3Y High is -4.2% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 23x Key risksTJX key risks include [1] a heavy reliance on its physical "treasure-hunt" retail model given a minimal e-commerce presence and [2] a potential failure to execute its core opportunistic buying and inventory management strategy. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 7.6 Bil, FCF LTM is 5.5 Bil |
| Stock buyback supportStock Buyback 3Y Total is 7.6 Bil |
| Low stock price volatilityVol 12M is 19% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, Sustainable Consumption, E-commerce & DTC Adoption, Show more. |
| Trading close to highsDist 52W High is -4.2%, Dist 3Y High is -4.2% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 23x |
| Key risksTJX key risks include [1] a heavy reliance on its physical "treasure-hunt" retail model given a minimal e-commerce presence and [2] a potential failure to execute its core opportunistic buying and inventory management strategy. |
Qualitative Assessment
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TJX Companies (TJX) stock has gained about 5% since 4/30/2026 because of the following key factors:
1. Strong Fiscal Q1 2027 Performance and Upgraded Full-Year Guidance Bolstered Investor Confidence. The TJX Companies, Inc. reported exceptional results for its first fiscal quarter of 2027, which ended May 2, 2026. The company announced diluted earnings per share (EPS) of $1.19, a 29% increase year-over-year, significantly surpassing analysts' consensus estimates of $1.00 to $1.02 per share. Net sales also impressed, reaching $14.3 billion, up 9% compared to the prior year, and exceeding analyst projections of $14.02 billion. Furthermore, consolidated comparable store sales grew by a robust 6%. Following this strong performance, TJX raised its full-year Fiscal 2027 guidance, increasing its outlook for comparable store sales growth to 3% to 4% and its diluted EPS to a range of $5.08 to $5.15, representing a 7% to 9% increase over the adjusted $4.73 from the previous year. This positive financial outlook and beat on expectations provided substantial support for the stock.
2. Enhanced Shareholder Returns Through Dividends and Increased Share Repurchase Program. During the first fiscal quarter of 2027, TJX demonstrated a commitment to returning capital to shareholders, distributing a total of $1.1 billion. This included repurchasing 3.8 million shares of TJX stock for $604 million and paying $471 million in shareholder dividends. The company further signaled its confidence by increasing its Fiscal 2027 share repurchase guidance to between $2.75 billion and $3.0 billion. Additionally, on June 9, 2026, TJX announced a quarterly common stock dividend, building on a 13% dividend increase declared on March 30, 2026. These ongoing efforts to enhance shareholder value likely contributed to the stock's stability.
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TJX Companies (TJX) stock has gained about 5% since 4/30/2026 because of the following key factors:
1. Strong Fiscal Q1 2027 Performance and Upgraded Full-Year Guidance Bolstered Investor Confidence. The TJX Companies, Inc. reported exceptional results for its first fiscal quarter of 2027, which ended May 2, 2026. The company announced diluted earnings per share (EPS) of $1.19, a 29% increase year-over-year, significantly surpassing analysts' consensus estimates of $1.00 to $1.02 per share. Net sales also impressed, reaching $14.3 billion, up 9% compared to the prior year, and exceeding analyst projections of $14.02 billion. Furthermore, consolidated comparable store sales grew by a robust 6%. Following this strong performance, TJX raised its full-year Fiscal 2027 guidance, increasing its outlook for comparable store sales growth to 3% to 4% and its diluted EPS to a range of $5.08 to $5.15, representing a 7% to 9% increase over the adjusted $4.73 from the previous year. This positive financial outlook and beat on expectations provided substantial support for the stock.
2. Enhanced Shareholder Returns Through Dividends and Increased Share Repurchase Program. During the first fiscal quarter of 2027, TJX demonstrated a commitment to returning capital to shareholders, distributing a total of $1.1 billion. This included repurchasing 3.8 million shares of TJX stock for $604 million and paying $471 million in shareholder dividends. The company further signaled its confidence by increasing its Fiscal 2027 share repurchase guidance to between $2.75 billion and $3.0 billion. Additionally, on June 9, 2026, TJX announced a quarterly common stock dividend, building on a 13% dividend increase declared on March 30, 2026. These ongoing efforts to enhance shareholder value likely contributed to the stock's stability.
3. Sustained Positive Analyst Sentiment and Favorable Price Targets. Throughout the period, TJX maintained a strong "Buy" or "Strong Buy" consensus rating from numerous Wall Street analysts. As of late July 2026, the average analyst price target for TJX ranged from $175.94 to $178.79, indicating a projected upside from the stock's prevailing price in the $157-$159 range. Notably, following the robust Fiscal Q1 2027 earnings release on May 20, 2026, several prominent firms, including UBS, Telsey Advisory Group, Barclays, and Citigroup, raised their respective price targets for TJX. This consistently positive analytical coverage and optimistic future price projections helped to underpin investor confidence and keep the stock largely range-bound.
4. Resilient Consumer Spending Underpinned Retail Sector Performance. Broader macroeconomic trends indicated resilient consumer spending, which benefited the retail sector and, consequently, TJX. U.S. retail and food services sales in June 2026 increased by 0.2%, marking the fifth consecutive monthly rise and a 6.7% increase compared to June 2025. Bank of America reported a 6.3% year-over-year increase in aggregated credit and debit card spending per household in June, the strongest growth since April 2022, with discretionary retail and services spending holding up. Although the Conference Board expressed some caution for the latter half of 2026, the reported strength in consumer activity during the specified period provided a favorable operating environment for off-price retailers like TJX.
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Stock Movement Drivers
Fundamental Drivers
The 3.3% change in TJX stock from 4/30/2026 to 8/9/2026 was primarily driven by a 3.3% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 8092026 | Change |
|---|---|---|---|
| Stock Price ($) | 156.24 | 161.36 | 3.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 60,372 | 61,584 | 2.0% |
| Net Income Margin (%) | 9.1% | 9.4% | 3.3% |
| P/E Multiple | 31.6 | 30.8 | -2.4% |
| Shares Outstanding (Mil) | 1,111 | 1,106 | 0.5% |
| Cumulative Contribution | 3.3% |
Market Drivers
4/30/2026 to 8/9/2026| Return | Correlation | |
|---|---|---|
| TJX | 3.3% | |
| Market (SPY) | 7.6% | -17.9% |
| Sector (XLY) | 1.3% | 11.5% |
Fundamental Drivers
The 8.4% change in TJX stock from 1/31/2026 to 8/9/2026 was primarily driven by a 8.3% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 8092026 | Change |
|---|---|---|---|
| Stock Price ($) | 148.90 | 161.36 | 8.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 58,979 | 61,584 | 4.4% |
| Net Income Margin (%) | 8.7% | 9.4% | 8.3% |
| P/E Multiple | 32.3 | 30.8 | -4.7% |
| Shares Outstanding (Mil) | 1,112 | 1,106 | 0.5% |
| Cumulative Contribution | 8.4% |
Market Drivers
1/31/2026 to 8/9/2026| Return | Correlation | |
|---|---|---|
| TJX | 8.4% | |
| Market (SPY) | 12.1% | 3.3% |
| Sector (XLY) | -0.9% | 24.7% |
Fundamental Drivers
The 31.2% change in TJX stock from 7/31/2025 to 8/9/2026 was primarily driven by a 10.9% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 8092026 | Change |
|---|---|---|---|
| Stock Price ($) | 123.03 | 161.36 | 31.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 56,992 | 61,584 | 8.1% |
| Net Income Margin (%) | 8.5% | 9.4% | 10.9% |
| P/E Multiple | 28.5 | 30.8 | 8.2% |
| Shares Outstanding (Mil) | 1,118 | 1,106 | 1.1% |
| Cumulative Contribution | 31.2% |
Market Drivers
7/31/2025 to 8/9/2026| Return | Correlation | |
|---|---|---|
| TJX | 31.2% | |
| Market (SPY) | 23.4% | 4.7% |
| Sector (XLY) | 8.9% | 23.0% |
Fundamental Drivers
The 94.0% change in TJX stock from 7/31/2023 to 8/9/2026 was primarily driven by a 24.4% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8092026 | Change |
|---|---|---|---|
| Stock Price ($) | 83.16 | 161.36 | 94.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 50,313 | 61,584 | 22.4% |
| Net Income Margin (%) | 7.6% | 9.4% | 24.4% |
| P/E Multiple | 25.2 | 30.8 | 22.2% |
| Shares Outstanding (Mil) | 1,153 | 1,106 | 4.2% |
| Cumulative Contribution | 94.0% |
Market Drivers
7/31/2023 to 8/9/2026| Return | Correlation | |
|---|---|---|
| TJX | 94.0% | |
| Market (SPY) | 74.9% | 35.9% |
| Sector (XLY) | 41.1% | 41.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TJX Return | 13% | 7% | 20% | 31% | 29% | 6% | 157% |
| Peers Return | 94% | -11% | 15% | 2% | 31% | 16% | 211% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| TJX Win Rate | 58% | 50% | 67% | 75% | 67% | 38% | |
| Peers Win Rate | 58% | 40% | 52% | 48% | 57% | 65% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TJX Max Drawdown | -17% | -28% | -11% | -9% | -10% | -11% | |
| Peers Max Drawdown | -31% | -50% | -41% | -30% | -37% | -26% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ROST, BURL, M, DDS, KSS. See TJX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)
How Low Can It Go
| Event | TJX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -26.6% | -24.5% |
| % Gain to Breakeven | 36.2% | 32.4% |
| Time to Breakeven | 188 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.4% | -33.7% |
| % Gain to Breakeven | 73.6% | 50.9% |
| Time to Breakeven | 246 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.3% | -19.2% |
| % Gain to Breakeven | 32.0% | 23.8% |
| Time to Breakeven | 114 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -10.1% | -12.2% |
| % Gain to Breakeven | 11.2% | 13.9% |
| Time to Breakeven | 12 days | 62 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -14.3% | -15.4% |
| % Gain to Breakeven | 16.6% | 18.2% |
| Time to Breakeven | 179 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -35.7% | -53.4% |
| % Gain to Breakeven | 55.6% | 114.4% |
| Time to Breakeven | 166 days | 1085 days |
In The Past
TJX Companies's stock fell -8.6% during the 2025 US Tariff Shock. Such a loss loss requires a 9.4% gain to breakeven.
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Asset Allocation
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| Event | TJX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -26.6% | -24.5% |
| % Gain to Breakeven | 36.2% | 32.4% |
| Time to Breakeven | 188 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.4% | -33.7% |
| % Gain to Breakeven | 73.6% | 50.9% |
| Time to Breakeven | 246 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.3% | -19.2% |
| % Gain to Breakeven | 32.0% | 23.8% |
| Time to Breakeven | 114 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -35.7% | -53.4% |
| % Gain to Breakeven | 55.6% | 114.4% |
| Time to Breakeven | 166 days | 1085 days |
In The Past
TJX Companies's stock fell -8.6% during the 2025 US Tariff Shock. Such a loss loss requires a 9.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About TJX Companies (TJX)
TJX Companies, Inc. (TJX) is a prominent global off-price retailer specializing in apparel and home fashions. The company's business model revolves around offering a constantly changing assortment of brand-name merchandise at prices significantly below those found in traditional department and specialty stores. This approach provides a "treasure hunt" shopping experience for value-conscious customers across various demographics.
The company's extensive product offerings cover a broad spectrum of categories. TJX primarily sells family apparel, including footwear and accessories, alongside a comprehensive range of home fashions. This home goods assortment encompasses everything from furniture, rugs, lighting, and decorative accessories to kitchenware, soft home products, and even expanded departments for pets, children, and gourmet food, catering to diverse household needs.
TJX operates through several well-known retail banners and a robust global presence. Its main segments include Marmaxx (T.J. Maxx, Marshalls), HomeGoods, TJX Canada (Winners, HomeSense, Marshalls), and TJX International (T.K. Maxx, Homesense) spanning the United States, Canada, Europe, and Australia. The company also maintains a growing online presence for several of its brands, serving a wide customer base seeking quality and value in both physical stores and digital channels.
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Here are 1-2 brief analogies for TJX Companies:
- It's like a department store, such as Macy's or Kohl's, but dedicated to selling brand-name apparel and home goods at significantly discounted, off-price rates.
- Think of it as a permanent, large-scale treasure hunt for brand-name fashion and home decor, offering deep discounts similar to finding a great deal at Nordstrom.
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- Family Apparel: TJX Companies offers a wide range of clothing for the entire family, including footwear and accessories.
- Home Fashions: The company provides various home decor and furnishing items, such as furniture, rugs, lighting, kitchenware, and decorative accessories.
- Jewelry and Accessories: Customers can find an assortment of jewelry and other fashion accessories across its retail banners.
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The TJX Companies (symbol: TJX) primarily sells to individuals through its numerous retail stores and e-commerce websites. Its major customer categories can be described as:
- Value-conscious Shoppers: Individuals and families seeking brand-name apparel, footwear, accessories, and home goods at discounted, off-price points. This segment includes a broad demographic looking for quality products without paying full retail prices.
- Home Decorators and Furnishers: Customers looking to furnish, decorate, or refresh their homes with a variety of home fashions, including furniture, rugs, lighting, kitchenware, and decorative items, often seeking unique finds and affordability.
- Fashion-Forward Consumers: Individuals interested in current and past season fashion trends for apparel, jewelry, and accessories, who appreciate the thrill of discovering branded merchandise at a lower cost.
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Ernie Herrman Chief Executive Officer and President
Ernie Herrman joined TJX in 1989 as a buyer. He has held numerous merchandising and senior operating roles within the company, including President of Marmaxx, and Senior Executive Vice President, Group President with responsibilities for Marmaxx, HomeGoods, and TJX Canada. He was appointed President of TJX in 2011 and became Chief Executive Officer in 2016.
John Klinger Senior Executive Vice President, Chief Financial Officer
John Klinger was promoted to Executive Vice President, Chief Financial Officer, effective January 29, 2023. He joined TJX in 2000 as a Manager of Business Analysis at Marmaxx. His career at TJX includes various finance positions with increasing responsibility across different divisions like HomeGoods and Marmaxx, as well as roles such as VP, Divisional CFO for AJWright, VP, Corporate Finance, and SVP, Divisional CFO for TJX Europe. He served as SVP, Corporate Controller, and later Executive Vice President, Corporate Controller before his current appointment. Prior to joining TJX, he worked at the Stride Rite company starting in 1994.
Carol Meyrowitz Executive Chairman of the Board
Carol Meyrowitz has served as Executive Chairman of the Board since 2016. Previously, she was Chief Executive Officer of TJX from 2007 to 2016 and President from 2005 to 2011. Her extensive career at TJX also includes holding senior management and merchandising positions with Marmaxx, Chadwick's of Boston, and Hit or Miss, former divisions of TJX, from 1983 to 2001.
Peter Benjamin Senior Executive Vice President; Group President
Peter Benjamin holds the title of Senior Executive Vice President and Group President at TJX Companies.
Ken Canestrari Senior Executive Vice President; Group President
Ken Canestrari serves as Senior Executive Vice President and Group President at TJX Companies.
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Key Risks to TJX Companies:
- Impact of Global Economic Conditions and Consumer Discretionary Spending: TJX Companies faces significant risk from external market volatility, global economic conditions, and their direct impact on consumer confidence and discretionary spending. A deterioration in the broader economy or specific markets can lead to reduced foot traffic and lower sales volumes across TJX's store network. Even with its resilient off-price model, a substantial economic slowdown could still adversely affect the company's financial performance by impacting consumer willingness to spend on apparel and home fashions.
- Execution of Opportunistic Buying Strategy and Inventory Management: The core of TJX's off-price business model relies on its ability to opportunistically buy merchandise, operate with lean inventory levels, and achieve frequent inventory turns. A key risk is the failure to effectively execute this strategy, which includes obtaining and allocating the right merchandise at the right times, in the right quantities, at the right prices, with the right mix, and in the right geographies. Any missteps in this process could adversely affect customer transactions, sales, margins, and other financial results.
- Competitive Pressures, E-commerce Vulnerability, and Rising Operating Costs: TJX operates in highly competitive retail markets, facing challenges from both traditional retailers and the growing influence of e-commerce. While TJX has an online presence, its revenue is primarily generated from in-store purchases, leaving it vulnerable to a significant, sustained shift in consumer behavior towards pure e-commerce. Additionally, the company faces internal operational risks such as rising store wages and payroll expenses, which directly impact selling, general, and administrative (SG&A) costs and can put pressure on profitability.
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The accelerated growth and mainstream adoption of online resale and recommerce platforms.
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The addressable markets for TJX Companies' main products and services, off-price apparel and home fashions, across its operating regions are substantial.
United States
In the United States, the apparel market was valued at approximately USD 353.20 billion in 2024 and is projected to grow to nearly USD 447.73 billion by 2034. The broader U.S. clothing and apparel market is also projected to reach USD 482.1 billion by 2032. The off-price retail market for apparel and footwear alone reached USD 101 billion in 2024. In 2024, the U.S. home furnishing market generated a revenue of approximately USD 252.3 billion, with projections to reach around USD 412.1 billion by 2030. The U.S. household furniture market was valued at USD 91.1 billion in 2024, and is expected to increase to USD 118.6 billion by 2032. Additionally, the United States home decor market was valued at USD 215.21 billion in 2025 and is expected to increase to USD 292.71 billion by 2031.
Canada
For Canada, the apparel market is projected to reach US$18.67 billion in 2024. Another estimate placed the apparel market at US$39.63 billion in 2023. The home furnishing market in Canada generated a revenue of approximately USD 94.8 billion in 2024 and is expected to reach about USD 147.3 billion by 2030. The retail furniture market in Canada was approximately US$17 billion in 2024. The Canada home furniture market reached USD 9.40 billion in 2026 and is projected to reach USD 13.21 billion by 2031. Another report indicated the Canada Home Furniture Market was valued at USD 18.5 Billion in 2023, anticipated to exceed USD 30.5 Billion by 2033.
Europe
The apparel market size in Europe was valued at USD 375.98 billion in 2024 and is projected to grow to USD 601.77 billion by 2034. The European apparel retail industry had total revenues of $402.9 billion in 2022. The off-price fashion retail market in Europe was valued at USD 222.75 billion in 2024 and is projected to reach USD 346.15 billion by 2032. The European home furnishing market was valued at USD 94 billion in 2024 and is projected to reach USD 129.23 billion by 2033. The Europe home furniture market size is projected to be USD 97.22 billion in 2025 and reach USD 118.83 billion by 2031. The European retail furniture market was worth EUR 165 billion (approximately USD 178.2 billion) in 2024.
Australia
In Australia, the apparel market size is estimated to be AUD 33.88 billion in 2025 and is expected to reach AUD 45.53 billion by 2035. The Australian fashion market was valued at approximately AUD 31.93 billion in 2023. The home furniture market in Australia was valued at USD 16.79 billion in 2024 and is expected to reach USD 27.05 billion by 2030. The Australia furniture and home furnishing market was valued at AUD 14.63 billion in 2025. The Australia home decor market generated a revenue of USD 8.71 billion in 2024 and is expected to reach USD 17.65 billion by 2030.
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Share Repurchases
- TJX Companies plans to repurchase between $2.5 billion and $2.75 billion worth of its stock during the fiscal year concluding on January 30, 2027.
- In February 2026, the board of directors sanctioned a new initiative to repurchase an additional $3 billion in common stock.
- The company repurchased $2.513 billion in fiscal 2025, $2.484 billion in fiscal 2024, and $2.255 billion in fiscal 2023.
Outbound Investments
- In fiscal year 2025, TJX Companies entered into a joint venture with Grupo Axo in Mexico, acquiring a 49% stake in Multibrand Outlet Stores.
- The company also acquired a 35% stake in Brands For Less, operating in the UAE and Saudi Arabia, during fiscal year 2025.
Capital Expenditures
- Expected capital expenditures for fiscal year 2027 are projected to be in the range of $2.2 billion to $2.3 billion.
- These expenditures are primarily focused on opening new stores, executing remodels and relocations, and making investments in the distribution network and infrastructure to support growth.
- Capital expenditures have increased from a low of $568 million in fiscal year 2021 to $1.918 billion in fiscal year 2025, with an average of $1.342 billion over the fiscal years ending January 2021 to 2025.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 208.30 |
| Mkt Cap | 16.4 |
| Rev LTM | 19,090 |
| Op Inc LTM | 876 |
| FCF LTM | 1,049 |
| FCF 3Y Avg | 667 |
| CFO LTM | 1,592 |
| CFO 3Y Avg | 1,254 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.3% |
| Rev Chg 3Y Avg | 2.6% |
| Rev Chg Q | 6.0% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | 5.8% |
| Op Inc Chg 3Y Avg | 14.6% |
| Op Mgn LTM | 8.9% |
| Op Mgn 3Y Avg | 9.0% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 11.7% |
| CFO/Rev 3Y Avg | 10.3% |
| FCF/Rev LTM | 7.8% |
| FCF/Rev 3Y Avg | 5.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 16.4 |
| P/S | 1.7 |
| P/Op Inc | 18.7 |
| P/EBIT | 17.9 |
| P/E | 22.7 |
| P/CFO | 14.4 |
| Total Yield | 8.1% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | 6.6% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 13.5% |
| 3M Rtn | 17.2% |
| 6M Rtn | 10.1% |
| 12M Rtn | 56.7% |
| 3Y Rtn | 94.0% |
| 1M Excs Rtn | 12.4% |
| 3M Excs Rtn | 11.4% |
| 6M Excs Rtn | 1.5% |
| 12M Excs Rtn | 30.6% |
| 3Y Excs Rtn | 31.2% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Marmaxx | 36,585 | 34,604 | 33,413 | 30,545 | 29,483 |
| HomeGoods | 10,172 | 9,386 | 8,990 | 8,264 | 8,995 |
| TJX International | 7,986 | 7,181 | 6,768 | 6,215 | 5,729 |
| TJX Canada | 5,629 | 5,189 | 5,046 | 4,912 | 4,343 |
| Total | 60,372 | 56,360 | 54,217 | 49,936 | 48,550 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Marmaxx | 5,528 | 4,895 | 4,597 | 3,883 | 3,813 |
| HomeGoods | 1,246 | 1,021 | 861 | 522 | 907 |
| TJX Canada | 757 | 703 | 715 | 690 | 485 |
| TJX International | 558 | 422 | 332 | 347 | 161 |
| General corporate expense | -911 | -739 | -708 | -582 | -611 |
| Total | 7,178 | 6,302 | 5,797 | 4,860 | 4,755 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Marmaxx | 15,789 | 14,137 | 12,993 | 12,170 | 11,229 |
| Corporate | 8,270 | 7,204 | 6,689 | 6,511 | 7,293 |
| TJX International | 4,916 | 4,243 | 4,154 | 4,075 | 4,281 |
| HomeGoods | 4,307 | 4,037 | 3,828 | 3,590 | 3,461 |
| TJX Canada | 2,485 | 2,128 | 2,083 | 2,003 | 2,197 |
| Total | 35,767 | 31,749 | 29,747 | 28,349 | 28,461 |
Price Behavior
| Market Price | $161.36 | |
| Market Cap ($ Bil) | 178.5 | |
| First Trading Date | 01/05/1988 | |
| Distance from 52W High | -4.2% | |
| 50 Days | 200 Days | |
| DMA Price | $157.72 | $154.29 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 2.3% | 4.6% |
| 3M | 1YR | |
| Volatility | 25.7% | 19.5% |
| Downside Capture | -94.76 | -22.95 |
| Upside Capture | -51.47 | 7.37 |
| Correlation (SPY) | -19.6% | 3.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.53 | -0.53 | -0.35 | 0.06 | 0.08 | 0.43 |
| Up Beta | -2.19 | -0.63 | -0.01 | 0.65 | 0.55 | 0.55 |
| Down Beta | 0.76 | 0.18 | 0.05 | 0.09 | -0.07 | 0.35 |
| Up Capture | -16% | -66% | -44% | -6% | 9% | 19% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 24 | 35 | 67 | 131 | 396 |
| Down Capture | -79% | -91% | -78% | -34% | -26% | 56% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 19 | 28 | 59 | 121 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TJX | |
|---|---|---|---|---|
| TJX | 23.7% | 19.4% | 0.97 | - |
| Sector ETF (XLY) | 7.9% | 19.4% | 0.27 | 22.3% |
| Equity (SPY) | 23.3% | 12.8% | 1.36 | 3.4% |
| Gold (GLD) | 28.5% | 28.4% | 0.87 | -1.8% |
| Commodities (DBC) | 32.9% | 19.8% | 1.32 | -30.3% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 34.0% |
| Bitcoin (BTCUSD) | -43.7% | 43.0% | -1.21 | -4.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TJX | |
|---|---|---|---|---|
| TJX | 20.3% | 22.4% | 0.77 | - |
| Sector ETF (XLY) | 6.7% | 24.0% | 0.24 | 51.9% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 49.2% |
| Gold (GLD) | 18.6% | 18.6% | 0.81 | 2.5% |
| Commodities (DBC) | 8.2% | 19.6% | 0.31 | -2.5% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 45.1% |
| Bitcoin (BTCUSD) | 9.0% | 53.0% | 0.36 | 15.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TJX | |
|---|---|---|---|---|
| TJX | 16.4% | 26.1% | 0.60 | - |
| Sector ETF (XLY) | 12.5% | 22.2% | 0.52 | 59.1% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 58.7% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 0.5% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 13.2% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 54.5% |
| Bitcoin (BTCUSD) | 58.4% | 66.2% | 0.98 | 13.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/24/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/20/2026 | 5.7% | 4.2% | 8.7% |
| 2/25/2026 | -1.2% | 1.3% | 1.3% |
| 11/19/2025 | 0.2% | 4.7% | 6.2% |
| 8/20/2025 | 2.7% | 1.5% | 3.9% |
| 5/21/2025 | -2.9% | -6.5% | -8.5% |
| 2/26/2025 | 1.8% | -0.8% | -2.4% |
| 11/20/2024 | 0.2% | 5.6% | 1.4% |
| 8/21/2024 | 6.1% | 6.0% | 4.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 13 | 15 |
| # Negative | 8 | 11 | 9 |
| Median Positive | 3.2% | 4.7% | 4.4% |
| Median Negative | -3.1% | -3.7% | -4.7% |
| Max Positive | 7.1% | 8.9% | 13.6% |
| Max Negative | -5.4% | -7.5% | -9.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/20/2026 | 5.7% | 4.2% | 8.7% |
| 2/25/2026 | -1.2% | 1.3% | 1.3% |
| 11/19/2025 | 0.2% | 4.7% | 6.2% |
| 8/20/2025 | 2.7% | 1.5% | 3.9% |
| 5/21/2025 | -2.9% | -6.5% | -8.5% |
| 2/26/2025 | 1.8% | -0.8% | -2.4% |
| 11/20/2024 | 0.2% | 5.6% | 1.4% |
| 8/21/2024 | 6.1% | 6.0% | 4.4% |
| 5/22/2024 | 3.5% | 3.8% | 13.6% |
| 2/28/2024 | 0.6% | -3.1% | 0.6% |
| 11/15/2023 | -3.3% | -3.7% | -2.8% |
| 8/16/2023 | 4.1% | 3.9% | 9.1% |
| 5/17/2023 | 0.9% | -0.9% | 4.2% |
| 2/22/2023 | -1.7% | -2.8% | -4.7% |
| 11/16/2022 | 5.2% | 6.6% | 4.7% |
| 8/17/2022 | 2.8% | -4.1% | -2.7% |
| 5/18/2022 | 7.1% | 6.2% | 1.0% |
| 2/23/2022 | -4.2% | -2.1% | -8.8% |
| 11/17/2021 | 5.8% | 2.1% | 5.7% |
| 8/18/2021 | 5.6% | 8.9% | 1.9% |
| 5/19/2021 | -5.3% | -5.4% | -9.1% |
| 2/24/2021 | -0.5% | -5.7% | -8.4% |
| 11/18/2020 | 1.9% | 5.2% | 10.4% |
| 8/19/2020 | -5.4% | -7.5% | -2.6% |
| SUMMARY STATS | |||
| # Positive | 16 | 13 | 15 |
| # Negative | 8 | 11 | 9 |
| Median Positive | 3.2% | 4.7% | 4.4% |
| Median Negative | -3.1% | -3.7% | -4.7% |
| Max Positive | 7.1% | 8.9% | 13.6% |
| Max Negative | -5.4% | -7.5% | -9.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 05/29/2026 | 10-Q |
| 01/31/2026 | 03/31/2026 | 10-K |
| 10/31/2025 | 12/02/2025 | 10-Q |
| 07/31/2025 | 08/29/2025 | 10-Q |
| 04/30/2025 | 05/30/2025 | 10-Q |
| 01/31/2025 | 04/02/2025 | 10-K |
| 10/31/2024 | 12/04/2024 | 10-Q |
| 07/31/2024 | 08/30/2024 | 10-Q |
| 04/30/2024 | 05/31/2024 | 10-Q |
| 01/31/2024 | 04/03/2024 | 10-K |
| 10/31/2023 | 11/29/2023 | 10-Q |
| 07/31/2023 | 08/25/2023 | 10-Q |
| 04/30/2023 | 05/26/2023 | 10-Q |
| 01/31/2023 | 03/29/2023 | 10-K |
| 10/31/2022 | 11/29/2022 | 10-Q |
| 07/31/2022 | 08/26/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 05/29/2026 | 10-Q |
| 01/31/2026 | 03/31/2026 | 10-K |
| 10/31/2025 | 12/02/2025 | 10-Q |
| 07/31/2025 | 08/29/2025 | 10-Q |
| 04/30/2025 | 05/30/2025 | 10-Q |
| 01/31/2025 | 04/02/2025 | 10-K |
| 10/31/2024 | 12/04/2024 | 10-Q |
| 07/31/2024 | 08/30/2024 | 10-Q |
| 04/30/2024 | 05/31/2024 | 10-Q |
| 01/31/2024 | 04/03/2024 | 10-K |
| 10/31/2023 | 11/29/2023 | 10-Q |
| 07/31/2023 | 08/25/2023 | 10-Q |
| 04/30/2023 | 05/26/2023 | 10-Q |
| 01/31/2023 | 03/29/2023 | 10-K |
| 10/31/2022 | 11/29/2022 | 10-Q |
| 07/31/2022 | 08/26/2022 | 10-Q |
| 04/30/2022 | 05/27/2022 | 10-Q |
| 01/31/2022 | 03/30/2022 | 10-K |
| 10/31/2021 | 11/30/2021 | 10-Q |
| 07/31/2021 | 08/27/2021 | 10-Q |
| 04/30/2021 | 05/28/2021 | 10-Q |
| 01/31/2021 | 03/31/2021 | 10-K |
| 10/31/2020 | 12/01/2020 | 10-Q |
| 07/31/2020 | 08/28/2020 | 10-Q |
| 04/30/2020 | 05/21/2020 | 10-Q |
| 01/31/2020 | 03/27/2020 | 10-K |
| 10/31/2019 | 12/03/2019 | 10-Q |
| 07/31/2019 | 08/30/2019 | 10-Q |
Recent Forward Guidance
Updated 7/8/2026Latest: Q1 2027 Earnings Reported 5/20/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2027 Comparable Sales Growth | 2.0% | 2.5% | 3.0% | ||||
| Q2 2027 Pretax Profit Margin | 11.4% | 11.45% | 11.5% | ||||
| Q2 2027 Diluted EPS | 1.15 | 1.16 | 1.17 | ||||
| 2027 Comparable Sales Growth | 3.0% | 3.5% | 4.0% | 1.0% | Raised | Guidance: 2.5% for 2027 | |
| 2027 Pretax Profit Margin | 11.9% | 11.95% | 12.0% | 0.2% | Raised | Guidance: 11.75% for 2027 | |
| 2027 Diluted EPS | 5.08 | 5.12 | 5.15 | Raised | Guidance: 4.97 for 2027 | ||
| 2027 Share Repurchases | 2.75 Bil | 2.88 Bil | 3.00 Bil | Raised | Guidance: 2.62 Bil for 2027 | ||
Prior: Q4 2026 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Comparable Sales Growth | 2.0% | 2.5% | 3.0% | 0.0% | 0.0% | Same New | Guidance: 2.5% for Q4 2026 |
| Q1 2027 Pretax Profit Margin | 10.3% | 10.35% | 10.4% | -1.4% | Lower New | Guidance: 11.75% for Q4 2026 | |
| Q1 2027 EPS | 0.97 | 0.98 | 0.99 | -27.1% | Lower New | Guidance: 1.34 for Q4 2026 | |
| 2027 Comparable Sales Growth | 2.0% | 2.5% | 3.0% | -37.5% | -1.5% | Lower New | Guidance: 4.0% for 2026 |
| 2027 Pretax Profit Margin | 11.7% | 11.75% | 11.8% | 0.2% | Higher New | Guidance: 11.6% for 2026 | |
| 2027 EPS | 4.93 | 4.97 | 5.02 | 7.1% | Higher New | Guidance: 4.64 for 2026 | |
| 2027 Share Repurchases | 2.50 Bil | 2.62 Bil | 2.75 Bil | 5.0% | Higher New | Guidance: 2.50 Bil for 2026 | |
Q3 2026 Earnings Reported 11/19/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Consolidated Comparable Sales Growth | 2.0% | 2.5% | 3.0% | ||||
| Q4 2026 Pretax Profit Margin | 11.7% | 11.75% | 11.8% | ||||
| Q4 2026 Diluted EPS | 1.33 | 1.34 | 1.36 | ||||
| 2026 Consolidated Comparable Sales Growth | 4.0% | 1.0% | Raised | Guidance: 3.0% for 2026 | |||
| 2026 Pretax Profit Margin | 11.6% | 0.2% | Raised | Guidance: 11.45% for 2026 | |||
| 2026 Diluted EPS | 4.63 | 4.64 | 4.66 | Raised | Guidance: 4.54 for 2026 | ||
| 2026 Share Repurchases | 2.50 Bil | 11.1% | Raised | Guidance: 2.25 Bil for 2026 | |||
Insider Activity
Updated 6/12/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Nemerov, Jackwyn | Direct | Sell | 6122026 | 168.59 | 957 | 161,345 | 135,213 | Form | |
| 2 | Benjamin, Peter | SEVP, Group President | Direct | Sell | 6112026 | 165.00 | 10,926 | 1,802,790 | 19,349,055 | Form |
| 3 | Meyrowitz, Carol | Executive Chairman | Direct | Sell | 6102026 | 163.65 | 55,624 | 9,102,740 | 32,974,357 | Form |
| 4 | Klinger, John | SEVP, CFO | Direct | Sell | 6052026 | 160.77 | 6,235 | 1,002,405 | 10,330,643 | Form |
| 5 | Herrman, Ernie | CEO & President | Direct | Sell | 6052026 | 160.68 | 10,002 | 1,607,117 | 82,725,571 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Nemerov, Jackwyn | Direct | Sell | 6122026 | 168.59 | 957 | 161,345 | 135,213 | Form | |
| 2 | Benjamin, Peter | SEVP, Group President | Direct | Sell | 6112026 | 165.00 | 10,926 | 1,802,790 | 19,349,055 | Form |
| 3 | Meyrowitz, Carol | Executive Chairman | Direct | Sell | 6102026 | 163.65 | 55,624 | 9,102,740 | 32,974,357 | Form |
| 4 | Klinger, John | SEVP, CFO | Direct | Sell | 6052026 | 160.77 | 6,235 | 1,002,405 | 10,330,643 | Form |
| 5 | Herrman, Ernie | CEO & President | Direct | Sell | 6052026 | 160.68 | 10,002 | 1,607,117 | 82,725,571 | Form |
| 6 | Herrman, Ernie | CEO & President | Direct | Sell | 6052026 | 158.32 | 28,000 | 4,433,100 | 83,096,876 | Form |
| 7 | Canestrari, Kenneth | SEVP - Group President | Direct | Sell | 6052026 | 157.50 | 31,447 | 4,952,814 | 16,975,206 | Form |
| 8 | Herrman, Ernie | CEO & President | Direct | Sell | 6052026 | 157.46 | 29,549 | 4,652,679 | 87,049,771 | Form |
| 9 | Herrman, Ernie | CEO & President | Direct | Sell | 3042026 | 160.95 | 30,000 | 4,828,500 | 77,145,910 | Form |
| 10 | Lane, Amy B | Direct | Buy | 2032026 | 66.13 | 22 | 1,478 | 1,918,123 | Form | |
| 11 | Lane, Amy B | Family Member | Buy | 2032026 | 66.13 | 2 | 119 | 29,657 | Form | |
| 12 | Lane, Amy B | Direct | Buy | 2032026 | 71.26 | 21 | 1,473 | 2,065,299 | Form | |
| 13 | Lane, Amy B | Family Member | Buy | 2032026 | 71.26 | 2 | 119 | 31,830 | Form | |
| 14 | Lane, Amy B | Direct | Buy | 2032026 | 72.54 | 20 | 1,468 | 2,100,966 | Form | |
| 15 | Lane, Amy B | Family Member | Buy | 2032026 | 72.54 | 2 | 115 | 32,281 | Form | |
| 16 | Lane, Amy B | Direct | Buy | 2032026 | 66.99 | 22 | 1,462 | 1,887,784 | Form | |
| 17 | Lane, Amy B | Family Member | Buy | 2032026 | 66.99 | 2 | 115 | 29,704 | Form | |
| 18 | Lane, Amy B | Direct | Buy | 2032026 | 64.87 | 22 | 1,456 | 1,924,002 | Form | |
| 19 | Lane, Amy B | Family Member | Buy | 2032026 | 64.87 | 2 | 112 | 28,654 | Form | |
| 20 | Herrman, Ernie | CEO & President | Direct | Sell | 11212025 | 151.31 | 24,363 | 3,686,482 | 77,288,574 | Form |
| 21 | Lane, Amy B | Direct | Sell | 11212025 | 151.40 | 500 | 75,700 | 3,362,897 | Form | |
| 22 | Herrman, Ernie | CEO & President | Direct | Sell | 11212025 | 148.81 | 30,000 | 4,464,426 | 79,636,877 | Form |
| 23 | Benjamin, Peter | SEVP, Group President | Direct | Sell | 9092025 | 139.23 | 1,500 | 208,845 | 21,003,542 | Form |
| 24 | Nemerov, Jackwyn | Direct | Sell | 9032025 | 138.00 | 1,192 | 164,496 | 132,066 | Form | |
| 25 | Lane, Amy B | Direct | Sell | 6042025 | 128.09 | 950 | 121,689 | 2,909,253 | Form |
Investor Activity (13F)
Updated Aug 10, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| New World Advisors LLC | $443.8 Mil | 78.0% | 83 | Hold | 13F |
| Provident Trust Co | $330.9 Mil | 6.9% | 22 | TRIM -19.2% | 13F |
| Weybosset Research & Management LLC | $21.6 Mil | 6.2% | 33 | Hold | 13F |
| HFR Wealth Management, LLC | $21.6 Mil | 5.3% | 49 | Hold | 13F |
| Ravenswood Partners LP | $13.7 Mil | 5.0% | 35 | TRIM -16.1% | 13F |
| Focused Investors LLC | $145.8 Mil | 4.7% | 22 | Hold | 13F |
| PineStone Asset Management Inc. | $624.2 Mil | 4.4% | 44 | TRIM -7.5% | 13F |
| Mirova US LLC | $384.6 Mil | 4.4% | 42 | Hold | 13F |
| Raub Brock Capital Management LP | $17.0 Mil | 4.3% | 43 | TRIM -16.5% | 13F |
| Cambridge Financial Group, Inc. | $10.1 Mil | 3.8% | 33 | TRIM -5.9% | 13F |
| Haverford Financial Services, Inc. | $11.8 Mil | 3.5% | 46 | Hold | 13F |
| Marshfield Associates | $174.3 Mil | 3.5% | 17 | TRIM -6.6% | 13F |
| Bayberry Capital Partners LP | $10.2 Mil | 3.4% | 28 | TRIM -6.2% | 13F |
| WS Management LLLP | $19.6 Mil | 2.6% | 35 | Hold | 13F |
| Unisphere Establishment | $220.9 Mil | 1.9% | 50 | Hold | 13F |
| Stony Point Capital LLC | $22.2 Mil | 1.8% | 31 | Hold | 13F |
| Benchstone Capital Management LP | $15.0 Mil | 1.7% | 38 | New | 13F |
| Cincinnati Specialty Underwriters Insurance CO | $5.9 Mil | 1.4% | 46 | Hold | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | As Of | Filing |
|---|---|---|---|---|---|---|
| Napean Trading & Investment Co (Singapore) PTE Ltd | $13.5 Mil | 2.6% | 37 | Exited | Dec 31, 2025 | 13F |
| Provident Trust Co | $330.9 Mil | 6.9% | 22 | TRIM -19.2% | Mar 31, 2026 | 13F |
| Raub Brock Capital Management LP | $17.0 Mil | 4.3% | 43 | TRIM -16.5% | Mar 31, 2026 | 13F |
| Ravenswood Partners LP | $13.7 Mil | 5.0% | 35 | TRIM -16.1% | Mar 31, 2026 | 13F |
| PineStone Asset Management Inc. | $624.2 Mil | 4.4% | 44 | TRIM -7.5% | Mar 31, 2026 | 13F |
| Marshfield Associates | $174.3 Mil | 3.5% | 17 | TRIM -6.6% | Mar 31, 2026 | 13F |
| Bayberry Capital Partners LP | $10.2 Mil | 3.4% | 28 | TRIM -6.2% | Mar 31, 2026 | 13F |
| Cambridge Financial Group, Inc. | $10.1 Mil | 3.8% | 33 | TRIM -5.9% | Mar 31, 2026 | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| PineStone Asset Management Inc. | $624.2 Mil | 4.4% | 44 | TRIM -7.5% | 13F |
| New World Advisors LLC | $443.8 Mil | 78.0% | 83 | Hold | 13F |
| Mirova US LLC | $384.6 Mil | 4.4% | 42 | Hold | 13F |
| Provident Trust Co | $330.9 Mil | 6.9% | 22 | TRIM -19.2% | 13F |
| Unisphere Establishment | $220.9 Mil | 1.9% | 50 | Hold | 13F |
| Marshfield Associates | $174.3 Mil | 3.5% | 17 | TRIM -6.6% | 13F |
| Focused Investors LLC | $145.8 Mil | 4.7% | 22 | Hold | 13F |
| Stony Point Capital LLC | $22.2 Mil | 1.8% | 31 | Hold | 13F |
| HFR Wealth Management, LLC | $21.6 Mil | 5.3% | 49 | Hold | 13F |
| Weybosset Research & Management LLC | $21.6 Mil | 6.2% | 33 | Hold | 13F |
| WS Management LLLP | $19.6 Mil | 2.6% | 35 | Hold | 13F |
| Raub Brock Capital Management LP | $17.0 Mil | 4.3% | 43 | TRIM -16.5% | 13F |
| Benchstone Capital Management LP | $15.0 Mil | 1.7% | 38 | New | 13F |
| Ravenswood Partners LP | $13.7 Mil | 5.0% | 35 | TRIM -16.1% | 13F |
| Haverford Financial Services, Inc. | $11.8 Mil | 3.5% | 46 | Hold | 13F |
| Bayberry Capital Partners LP | $10.2 Mil | 3.4% | 28 | TRIM -6.2% | 13F |
| Cambridge Financial Group, Inc. | $10.1 Mil | 3.8% | 33 | TRIM -5.9% | 13F |
| Cincinnati Specialty Underwriters Insurance CO | $5.9 Mil | 1.4% | 46 | Hold | 13F |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Apparel Retail Resources |
| Apparel News |
| Just Style |
| Sourcing Journal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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