The TJX Companies, Inc. (NYSE:TJX – Get Free Report) 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.
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.
Read Our Latest Stock Report on TJX Companies
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.
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