TJX Companies Inc (NYSE:TJX) declared a quarterly dividend on Tuesday, June 4th, RTT News reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.23 per share by the apparel and home fashions retailer on Thursday, September 5th. This represents a $0.92 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, August 14th.
TJX Companies has raised its dividend payment by an average of 22.6% per year over the last three years and has raised its dividend annually for the last 22 consecutive years. TJX Companies has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TJX Companies to earn $2.85 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 32.3%.
Shares of TJX stock opened at $51.90 on Tuesday. The stock has a market capitalization of $64.22 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.85 and a beta of 0.73. The company’s 50 day simple moving average is $54.13. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92. TJX Companies has a 52-week low of $41.49 and a 52-week high of $57.15.
Several equities analysts recently issued reports on the stock. ValuEngine lowered shares of TJX Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Robert W. Baird assumed coverage on shares of TJX Companies in a report on Monday, May 13th. They set an “outperform” rating and a $63.00 price objective on the stock. Credit Suisse Group lifted their price objective on shares of TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, May 24th. Finally, Nomura raised their target price on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $58.34.
In other TJX Companies news, Director David T. Ching sold 20,000 shares of TJX Companies stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total value of $1,044,000.00. Following the completion of the transaction, the director now owns 28,771 shares of the company’s stock, valued at $1,501,846.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total transaction of $75,998.00. Following the sale, the executive vice president now directly owns 117,228 shares of the company’s stock, valued at approximately $6,019,657.80. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.
TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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