TJX Companies Reports Upside in January Sales (TJX)

Apparel retailer, The TJX Companies, Inc.(TJX) reported increased January sales on Thursday.

The Framingham, MA based company reported January sales of $1.9 billion, up from $1.4 billion for the same period last year. For the fiscal year ended February 2, 2013, sales were up 12% from last year at $25.9 billion.

For the month of January, consolidated comparable store sales rose by 3%. Sales increased by 7% during the same time period last year. Fourth quarter sales rose by 4% from last year, and full year sales saw a 7% upside.

TJX Companies shares were down 36 cents, or -0.79% during Thursday morning trading. The stock has increased 30% in the past year.

The Bottom Line
Shares of The TJX Companies, Inc.(TJX) have a 1.02% yield, based on Thursday morning’s price of $45.04.

The TJX Companies, Inc.(TJX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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