TJX Companies Inc (NYSE:TJX) declared a quarterly dividend on Tuesday, December 5th, RTT News reports. Investors of record on Thursday, February 15th will be given a dividend of 0.3125 per share by the apparel and home fashions retailer on Thursday, March 8th. This represents a $1.25 annualized dividend and a yield of 1.62%.
TJX Companies has increased its dividend payment by an average of 21.6% per year over the last three years and has increased its dividend annually for the last 20 consecutive years. TJX Companies has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TJX Companies to earn $4.18 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 29.9%.
TJX Companies (NYSE TJX) traded up $1.65 during midday trading on Tuesday, reaching $77.00. 5,358,500 shares of the company traded hands, compared to its average volume of 4,202,484. The stock has a market capitalization of $47,644.00, a PE ratio of 20.36, a P/E/G ratio of 1.81 and a beta of 0.75. TJX Companies has a 52-week low of $66.44 and a 52-week high of $80.92. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48.
Several analysts have recently commented on TJX shares. Goldman Sachs Group lowered shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target on the stock. in a research report on Tuesday. Citigroup lowered their price target on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Wells Fargo & Company set a $76.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Wednesday, August 9th. Finally, Instinet restated a “buy” rating and set a $80.00 target price (down previously from $83.00) on shares of TJX Companies in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $81.53.
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TJX Companies Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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