Buybacks galore at TJX Companies

TJX Companies (TJX) says it plans to repurchase $1.6B-$1.7B in stock during its fiscal year that ends on January 31, 2015.

The company has $970M left on an existing stock repurchase program and authorized a new $2B allowance with no time limit.

The new program would rep 5% of all outstanding TJX shares if the company bought to the maximum.

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