UPDATE: TJX Cos. (TJX) Tops Q4 EPS by 3c, Increases Dividend and Raises Buyback

TJX Cos. (NYSE: TJX) reported Q4 EPS of $1.03, $0.03 better than the analyst estimate of $1.00. Revenue for the quarter came in at $9.5 billion versus the consensus estimate of $9.44 billion. Comps sales increased 3%.

The Company’s comparable store sales and net sales by division, in the fourth quarter, were as follows:

The Company intends to increase the regular quarterly dividend on its common stock to be declared in April 2017 and payable in June 2017 to $.3125 per share, subject to the approval of the Company’s Board of Directors.

The Company also announced today its plan to repurchase approximately $1.3 to $1.8 billion of TJX stock during the fiscal year ending February 3, 2018. With $1.8 billion remaining at Fiscal 2017 year end under the Company’s existing stock repurchase program, the Company’s Board of Directors approved a new stock repurchase program that authorizes the repurchase of up to an additional $1.0 billion of TJX common stock from time to time. The new authorization represents approximately 2% of the Company’s outstanding shares at current prices. The new stock repurchase program marks the 18th program approved by the Board since 1997

For earnings history and earnings-related data on TJX Cos. (TJX) click here.

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