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GuruFocus has detected 4 Warning Signs with TJX Companies Inc $TJX.
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TJX Companies Inc (NYSE:TJX)
3-Year Average Share Buyback Ratio
2.90 (As of Jan. 2017)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

TJX' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: 2.3   Max: 5.5
Current: 2.9

2.3
5.5

During the past 13 years, TJX Companies Inc's highest 3-Year Average Share Buyback Ratio was 5.50. The lowest was 2.30. And the median was 3.60.

TJX's 3-Year Average Share Buyback Ratio is ranked higher than
86% of the 494 Companies
in the Global Apparel Stores industry.

( Industry Median: -0.40 vs. TJX: 2.90 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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