TJX Companies Inc (TJX) to Issue $0.31 Quarterly Dividend

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.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The firm had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. During the same period in the prior year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. equities research analysts predict that TJX Companies will post 3.93 earnings per share for the current year.

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.

Dividend History for TJX Companies (NYSE:TJX)

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