The TJX Companies, Inc. (NYSE:TJX) Announces Quarterly Dividend of $0.38

The TJX Companies, Inc. (NYSE:TJX) announced a quarterly dividend on Wednesday, September 18th, Zacks reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.375 per share by the apparel and home fashions retailer on Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 14th.

TJX Companies has increased its dividend by an average of 77.8% annually over the last three years. TJX Companies has a payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Analysts expect TJX Companies to earn $4.52 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 33.2%.

TJX Companies Trading Down 0.5 %

TJX stock opened at $117.25 on Thursday. The firm has a market cap of $132.24 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The firm has a fifty day moving average price of $114.68 and a 200 day moving average price of $105.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. TJX Companies has a fifty-two week low of $86.71 and a fifty-two week high of $121.13.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Sell-side analysts anticipate that TJX Companies will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TJX shares. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. TD Cowen boosted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Loop Capital lifted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Bank of America increased their price objective on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.