Key Developments: TJX Companies Inc (TJX)
51.20USD
22 May 2013
$-0.52 (-1.01%)
$51.72
$51.65
$51.79
$51.05
1,084,844
4,177,731
$51.84
$40.08
Latest Key Developments (Source: Significant Developments)
TJX Companies Inc Issues Q2 2014 EPS Guidance In Line With Analysts' Estimates; Narrows FY 2013 EPS Guidance To A Range Below Analysts' Estimates; Reaffirms FY 2013 Comparable Store Sales Guidance
TJX Companies Inc announced that for second quarter of 2014, it expects diluted earnings per share (EPS) to be in the range of $0.61 to $0.63, which would represent a 9% to 13% increase over last year's $0.56 per share. For fiscal 2014, the Company is narrowing its expected range for diluted earnings per share to $2.70 to $2.78 versus $2.55 in fiscal 2013. Excluding the approximately $0.08 benefit from the 53rd week in the Company's Fiscal 2013 calendar, this guidance would represent a 9% to 13% increase over the adjusted $2.47 in fiscal 2013. This outlook is based upon estimated consolidated comparable store sales growth of 1% to 2%. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.63 for second quarter of 2014 and EPS of $2.82 for fiscal 2014. Full Article
TJX Companies Inc Raises Low End Of Prior Q1 2014 EPS Guidance
TJX Companies Inc announced that both in April and the first quarter, consolidated comp sales increases were achieved over growth last year. Customer traffic drove comp increases at all divisions, as consumers responded to fresh selections of branded spring apparel. With sales and margins, the Company is further narrowing its first quarter of 2014 earnings per share (EPS) expected range to $0.61-$0.62. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.62 for first quarter of 2014. Full Article
TJX Companies Inc Prices $500 Million Notes Offering
TJX Companies Inc announced the pricing of the public offering of $500 million aggregate principal amount of notes due 2023. The notes will bear interest at a rate of 2.50% per annum, beginning May 2, 2013. The net proceeds from the sale of the notes will be used for working capital and other general corporate purposes. Deutsche Bank Securities Inc., Barclays Capital Inc. and U.S. Bancorp Investments, Inc. are acting as joint book-running managers. Full Article
TJX Companies Inc Raises Low End Of Prior Q1 2014 EPS Guidance
TJX Companies Inc announced that overall business trends improved as the weather became warmer. For the first quarter of 2014, even with March sales at the low end of expected range, merchandise margins are on track to be better than last year and narrowed the range of earnings per share (EPS) guidance to $.60-$.62. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.62 for first quarter of 2014. Full Article
TJX Companies Inc Announces 26% Increase In Common Stock Dividend
TJX Companies Inc announced that its Board of Directors has raised the amount of its quarterly dividend by 26% from the last dividend paid. The Board declared a regular quarterly dividend in the amount of $.145 per share, payable June 6, 2013, to shareholders of record on May 16, 2013. Full Article
TJX Companies Inc Issues Q1, FY 2014 EPS Guidance Below Analysts' Estimates; Comments On Q1, FY 2014 Comparable Store Sales Guidance
TJX Companies Inc announced that for first quarter of 2014, it expects diluted earnings per share (EPS) to be in the range of $0.59 to $0.62. This outlook is based upon estimated consolidated comparable store sales growth of 0% to 2%. For fiscal 2014, it expects EPS to be in the range of $2.66 to $2.78. This outlook is based upon estimated consolidated comparable store sales growth of 1% to 2%. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.63 for first quarter of 2014; EPS of $2.84 for fiscal 2014. Full Article
TJX Companies Inc Announces New $1.5 Billion Stock Repurchase Program; Plans 26% Increase In Dividend
TJX Companies Inc announced plan to repurchase approximately $1.3 billion to $1.4 billion of TJX stock during the fiscal year ending February 1, 2014. With $925 million remaining at Fiscal 2013 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 $1.5 billion of TJX common stock from time to time. The new authorization represents approximately 5% of the Company's outstanding shares at current prices. Over this period, the Company has spent approximately $11.3 billion on the repurchase of TJX stock. In Fiscal 2013, the Company spent a total of $1.3 billion to repurchase TJX stock, retiring 30.6 million shares. During the fourth quarter, the Company spent a total of $350 million to repurchase TJX stock, retiring 8.1 million shares. Under the Company's repurchase plans, share repurchases may be made from time to time in market or private transactions and may include derivative transactions. The repurchase program announced has no time limit and may be suspended or discontinued at any time. The Company also intends to increase the regular quarterly dividend on common stock to be declared in April 2013 and payable in June 2013 to $.145 per share. Full Article
TJX Companies Inc Raises Q4, FY 2013 EPS Guidance
TJX Companies Inc announced that with strong sales and margins in December, it is raising outlook for the fourth quarter of 2013 earnings per share to be in the range of $0.80-$0.81, a 29%-31% increase over last year. For fiscal 2013, it is raising it's guidance and now expect earnings per share to be in the range of $2.53-$2.54. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.78 for fourth quarter of 2013; EPS of $2.51 for fiscal 2013. Full Article
TJX Companies Inc Raises Q4, FY 2013 EPS Guidance-Conference Call
TJX Companies Inc announced that with strong sales and margins in December, it is raising outlook for the fourth quarter of 2013 earnings per share to be in the range of $0.77-$0.78, a 24%-26% increase over last year. For fiscal 2013, it is raising it's guidance and now expect earnings per share to be in the range of $2.50-$2.51. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.77 for fourth quarter of 2013 and EPS of $2.5 for fiscal 2013. Full Article
TJX Companies Inc Acquires Sierra Trading Post
TJX Companies Inc announced that it has acquired Sierra Trading Post, an off-price Internet retailer based in Cheyenne, Wyoming. The purchase price of approximately $200 million, which is subject to customary post-closing adjustments, was paid in cash and financed from TJX's existing cash balances. Full Article
BRIEF-TJX shares down 1.5 percent in premarket trade after results
NEW YORK, May 21 - TJX Companies Inc : * Shares down 1.5 percent in premarket trade after results
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