TJX Cos. Shares Rise on 4Q Beat, Boosted Dividend and Buyback

Date : 02/26/2020 @ 1:57PM
Source : Dow Jones News
Stock : TJX Companies Inc (TJX)
Quote : 47.335  1.225 (2.66%) @ 8:45PM

TJX Cos. Shares Rise on 4Q Beat, Boosted Dividend and Buyback

TJX Companies (NYSE:TJX)
Historical Stock Chart

2 Months : From Feb 2020 to Apr 2020

Click Here for more TJX Companies Charts.
   By Robert Barba 
 

TJX Cos. shares rose more than 6% in premarket trading as the company beat expectations in the latest quarter and expanded its shareholder return program.

The parent company for T.J. Maxx, Marshalls and HomeGoods reported earnings of 81 cents a share on sales of $12.2 billion. Analysts had expected earnings of 77 cents a share on sales of $11.83 billion.

The company also raised its dividend by 13% to 26 cents a share.

The retail company said it plans to repurchase $1.75 billion to $2.25 billion of its stock for the year ending Jan. 30, 2021, up from the $1.5 billion in bought back in the last fiscal year.

The board approved a new $1.5 billion buyback authorization, adding to the $1.7 billion remaining on the old plan, the company said.

 

Write to Robert Barba at robert.barba@wsj.com

 

(END) Dow Jones Newswires

February 26, 2020 08:42 ET (13:42 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Latest TJX Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.