The TJX Companies, Inc. (TJX) to Issue Quarterly Dividend of $0.38 on March 6th

The TJX Companies, Inc. (NYSE:TJX) announced a quarterly dividend on Monday, December 9th,RTT News reports. Shareholders of record on Thursday, February 13th will be paid a dividend of 0.375 per share by the apparel and home fashions retailer on Thursday, March 6th. This represents a $1.50 annualized dividend and a yield of 1.18%. The ex-dividend date is Thursday, February 13th.

TJX Companies has raised its dividend by an average of 77.8% annually over the last three years. TJX Companies has a payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect TJX Companies to earn $4.54 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 33.0%.

TJX Companies Trading Up 1.0 %

Shares of TJX stock opened at $127.20 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $142.99 billion, a P/E ratio of 29.93, a PEG ratio of 3.10 and a beta of 0.90. The company has a 50 day moving average of $118.26 and a 200-day moving average of $114.58. TJX Companies has a 12-month low of $88.58 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that TJX Companies will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Morgan Stanley raised their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Robert W. Baird upped their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Evercore ISI increased their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $130.89.

About TJX Companies

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.