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Company Update: The TJX Companies Inc (NYSE:TJX) – The TJX Companies, Inc. Reports Above-Plan Q4 and FY16 Results; Q4 Comp Sales up 6% and EPS up 6%; Announces Plans to Increase Dividend 24% and Buy Back $1.5B to $2.0B of Stock; Provides FY17 Guidance

[Business Wire] – The TJX Companies , Inc. , the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced sales and earnings results for the fourth quarter and fiscal year ended January 30, 2016. Read more on this. The TJX Companies, Inc. (TJX) , with a current market cap of $48.96B, started trading this morning at $73.17. During today’s session, TJX traded between $71.74 to $73.86 with the price of the stock fluctuating between $63.53 to $76.93 over the last 52 weeks. TJX shares are currently priced at 22.20x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 13.19x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.84 per share annually in dividends, yielding 1.17%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $0.94 per share, which would be $0.01 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $3.29, which would be a $0.13 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.73 Billion. If reported, that would be a 5.18% increase over the year-ago quarter. Recently, Wolfe Research Initiated TJX at Outperform (Feb 2, 2016). Previously, BB&T Capital Mkts Initiated TJX at to Buy. Given all the information above, we should disclose to readers that the average price target is $82.00, which is 12.07% above than it opened this morning. See more in (NYSE:TJX) Similar Articles: Company Update: The TJX Companies Inc (NYSE:TJX) – The TJX Companies, Inc. Reports above-Plan Q3 FY16 Results with 5% Comp Sales Growth and Earnings Per Share of $.86 Market Update: The TJX Companies Inc (NYSE:TJX) – The TJX Companies, Inc. to Report Q3 FY16 Results November 17, 2015 Stock Update: The TJX Companies Inc (NYSE:TJX) – The TJX Companies, Inc. Announces CEO Succession Plan; Ernie Herrman to Be Named CEO; Carol Meyrowitz to Become Executive Chairman
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