TJX Stock Touches Record Levels After Retailer Tops Q4 Estimates | Global News Avenue

tjx cos. (TJX) Stocks rose Wednesday, gaining after retailers reported better results to offset the disappointing outlook.

Parents of TJ Maxx, HomeGoods and Marshall reported earnings per share of $1.23 for the quarter, up 10% year-on-year. Sales were $16.35 billion, down about $60 million from the same period last year. Both fourth-quarter numbers beat consensus estimates than the visible alpha survey analysts.

Comparable store sales have increased by 5% since the same period last year, much better than the 3% growth analysts predicted. Comparable sales rose in all TJX segments and regions during the fourth quarter and throughout the year.

TJX’s first quarter and fiscal 2026 forecasts were lower than expected. The retailer expects comparable sales to increase by 2% to 3% in fiscal 2026 and said it expects earnings per share in the first quarter to be between $0.87 and $0.89, compared with earnings per share in fiscal 2026 to $4.34 to $4.34 to $1. $4.43.

TJX said Wednesday it plans to increase its quarterly dividend by 13% to $0.425 per share, pending approval from the board of directors. It also announced a new buyback program between $2 billion and $2.5 billion, with $1.1 billion left.

TJX’s stock has been around 3% in the last 12 months, more than 25%.