The TJX Companies, Inc. (TJX) to Issue Quarterly Dividend of $0.38 on December 5th

The TJX Companies, Inc. (NYSE:TJX) declared a quarterly dividend on Wednesday, September 18th,Zacks Dividends reports. Stockholders of record on Thursday, November 14th will be given 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 dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th.

TJX Companies has raised its dividend payment by an average of 77.8% per year over the last three years. TJX Companies has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 0.2 %

NYSE TJX opened at $118.06 on Tuesday. The stock has a market capitalization of $133.16 billion, a P/E ratio of 28.52, a P/E/G ratio of 2.98 and a beta of 0.89. The business has a 50 day simple moving average of $116.07 and a 200 day simple moving average of $110.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. TJX Companies has a one year low of $87.26 and a one year high of $121.13.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping 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 company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter last year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Research analysts expect that TJX Companies will post 4.15 earnings per share for the current year.

Insiders Place Their Bets

In other 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 transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Evercore ISI upped their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Bank of America lifted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Loop Capital lifted their price target on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, TD Cowen raised their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Company Profile

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.