10:39 AM EST, 02/26/2025 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph and additional details in the eighth and ninth paragraphs.)

TJX (TJX) shares were up 1.9% in recent Wednesday trading after it reported fiscal Q4 results that topped analysts' expectations and announced its plan to raise the quarterly dividend.

The company reported fiscal Q4 earnings of $1.23 per diluted share, up from $1.22 a year earlier.

Analysts polled by FactSet expected $1.16.

Net sales for the quarter ended Feb. 1 were $16.35 billion, down from $16.41 billion a year earlier.

Analysts surveyed by FactSet expected $16.21 billion.

The company expects fiscal Q1 diluted EPS to be in the range of $0.87 to $0.89. Analysts polled by FactSet expect $0.98.

For fiscal 2026, the company expects diluted EPS of $4.34 to $4.43. Analysts surveyed by FactSet expect $4.56.

The company said it intends to raise its quarterly dividend by 13% to $0.425 per share, expected to be declared in March and payable in June.

Additionally, TJX said its board has authorized the company to buy back up to an additional $2.5 billion of its common shares during the current fiscal year ending on Jan. 31 next year. The new authorization represents about 1.8% of TJX's outstanding stock.

Price: 124.99, Change: +2.29, Percent Change: +1.87