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The TJX Companies, Inc. (TJX), boasting a market cap of $127.9 billion, is a leading global off-price retailer specializing in apparel and home fashions. Headquartered in Massachusetts, TJX operates well-known discount stores such as T.J. Maxx, Marshalls, and HomeGoods. The company attracts a broad consumer base by offering various products at various price levels and maintaining a quick inventory turnover.
Over the past year, TJX shares have outperformed the broader market, climbing 32.2% compared to the S&P 500 Index ($SPX), which rose 18.5%. In 2024, TJX's stock has impressively surged 20.6%, outstripping SPX's gains of 12.1% on a YTD basis.
