These Analysts Increase Their Forecasts On TJX Following Q4 Results
Portfolio Pulse from Avi Kapoor
TJX Companies, Inc. (NYSE:TJX) reported Q4 sales surpassing expectations at $16.40 billion against the forecasted $16.21 billion. Earnings per share were $1.12, aligning with market estimates. The company announced a stock repurchase plan of $2.0 to $2.5 billion and a 13% dividend increase for 2024. FY25 earnings are projected between $3.94 and $4.02 per share, with a 2% to 3% rise in comparable store sales. Following the report, Telsey Advisory Group and BMO Capital raised their price targets for TJX.
February 29, 2024 | 1:23 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TJX Companies exceeded Q4 sales expectations and announced significant stock repurchases and a dividend increase. Analysts raised price targets following the earnings report.
The positive earnings report, coupled with the announcement of a stock repurchase plan and a dividend increase, signals strong financial health and confidence from management. This, along with raised price targets from analysts, is likely to positively influence investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100