The TJX Companies, Inc. (TJX) To Go Ex-Dividend on February 14th

The TJX Companies, Inc. (NYSE:TJXGet Free Report) announced a quarterly dividend on Tuesday, November 28th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.3325 per share by the apparel and home fashions retailer on Thursday, March 7th. This represents a $1.33 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, February 14th.

TJX Companies has raised its dividend by an average of 77.8% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. TJX Companies has a dividend payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TJX Companies to earn $4.11 per share next year, which means the company should continue to be able to cover its $1.33 annual dividend with an expected future payout ratio of 32.4%.

TJX Companies Stock Performance

NYSE TJX opened at $98.75 on Monday. The company has a 50-day simple moving average of $93.45 and a two-hundred day simple moving average of $90.73. The company has a quick ratio of 0.47, a current ratio of 1.19 and a debt-to-equity ratio of 0.42. TJX Companies has a 12-month low of $72.92 and a 12-month high of $99.45. The firm has a market cap of $112.54 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 2.13 and a beta of 0.86.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. TJX Companies had a net margin of 7.85% and a return on equity of 62.67%. The business had revenue of $13.27 billion during the quarter, compared to analyst estimates of $13.09 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts forecast that TJX Companies will post 3.76 EPS for the current year.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of TJX Companies from $99.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, November 16th. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Monday, February 5th. Telsey Advisory Group increased their price target on shares of TJX Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. Evercore ISI assumed coverage on shares of TJX Companies in a research note on Tuesday, November 7th. They issued an “outperform” rating and a $105.00 price target for the company. Finally, UBS Group increased their price target on shares of TJX Companies from $90.00 to $91.00 and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Three research 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 an average price target of $99.76.

View Our Latest Report on TJX Companies

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 35,907 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $89.29, for a total value of $3,206,136.03. Following the sale, the chief executive officer now owns 595,191 shares in the company, valued at $53,144,604.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Hollencrest Capital Management boosted its stake in shares of TJX Companies by 779.5% during the 1st quarter. Hollencrest Capital Management now owns 2,014 shares of the apparel and home fashions retailer’s stock worth $158,000 after acquiring an additional 1,785 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of TJX Companies during the 2nd quarter worth $148,000. Centaurus Financial Inc. boosted its stake in shares of TJX Companies by 22.8% during the 1st quarter. Centaurus Financial Inc. now owns 1,812 shares of the apparel and home fashions retailer’s stock worth $142,000 after acquiring an additional 337 shares during the last quarter. Tyler Stone Wealth Management purchased a new position in shares of TJX Companies during the 2nd quarter worth $137,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of TJX Companies during the 4th quarter worth $102,000. Hedge funds and other institutional investors own 89.28% of the company’s stock.

TJX Companies Company Profile

(Get Free Report)

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.

See Also

Dividend History for TJX Companies (NYSE:TJX)

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