The TJX Companies, Inc. Reports Q4 and FY19 Results; Achieves above-Plan Comp Sales Growth of 6% for Both Q4 and FY19; Exceeds Q4 EPS Expectations; Announces Plans to Increase Dividend 18% and to Buy

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The TJX Companies (TJX) PT Raised to $55 at Credit Suisse

February 28, 2019 7:23 AM EST

Credit Suisse analyst Michael Binetti raised the price target on The TJX Companies (NYSE: TJX) to $55.00 (from $50.00) while maintaining a Neutral rating.

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TJX Cos. (TJX) Reports In-Line Q4 EPS, Offers FY and Q1 Guidance; Plans Increased Dividend, Buyback

February 27, 2019 8:27 AM EST

(Updated - February 27, 2019 8:32 AM EST)

TJX Cos. (NYSE: TJX) reported Q4 EPS of $0.68, in-line with the analyst estimate of $0.68. Revenue for the quarter came in at $11.1 billion versus the consensus estimate of $11 billion.

Q4 above-plan consolidated comp store sales increase of 6%, over last years 4% increaseThe Company also announced today its plan to repurchase approximately $1.75 to $2.25 billion of TJX stock during the fiscal year ending February 1, 2020.With the Companys continued strong cash flow, TJX intends to increase the regular quarterly dividend on its common stock to be... More