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The TJX Companies, Inc. Buyback

OLI recorded this information on 2/25/2015

Company: The TJX Companies, Inc.
Buyback: TJX buyback
$Amount Authorized: $2,000,000,000
Buyback Details: The Company also announced today its plan to repurchase approximately $1.8 to $1.9 billion of TJX stock during the fiscal year ending January 30, 2016, which would be $100 to $200 million more than last year. With $1.3 billion remaining at Fiscal 2015 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 $2.0 billion of TJX common stock from time to time. The new authorization represents approximately 4% of the Company's outstanding shares at current prices. The new stock repurchase program marks the 16th program approved by the Board since 1997. Over this period, the Company has spent approximately $14.4 billion on the repurchase of TJX stock. During the fourth quarter, the Company spent a total of $407 million to repurchase TJX stock, retiring 6.2 million shares. In Fiscal 2015, the Company spent a total of $1.7 billion to repurchase TJX stock, retiring 27.7 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 today has no time limit and may be suspended or discontinued at any time.

TJX Companies is an off-price apparel and home fashions retailer. Co.'s T.J. Maxx and Marshalls chains in the United States (Marmaxx) sell family apparel, home fashions and other merchandise. Co.'s HomeGoods segment is an off-price retailer of home fashions in the United States. Co.'s TJX Canada segment operates the Winners, HomeSense and Marshalls chains in Canada. Co.'s TJX International segment operates the T.K. Maxx and HomeSense chains in Europe and the T.K. Maxx chain in Australia. In addition to its four segments, Co. operates Sierra, an off-price retailer of brand name and quality outdoor gear, family apparel and footwear, sporting goods and home fashions.

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Company Name: 
TJX Companies, Inc.
Stock buyback: 
TJX buyback
Website: 
www.tjx.com
Sector: 
Apparel Stores
Number of ETFs Holding TJX: 
98
Total Market Value Held by ETFs: 
$7.91B
Total Market Capitalization: 
$86.84B
% of Market Cap. Held by ETFs: 
9.11%
 

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Strong Buy (3.71 out of 4)
66th percentile
(ranked higher than approx. 66% of all stocks covered)

Analysts' Target Price:
TJX Stock Forecast

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