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 paid 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 1.65%. The ex-dividend date is Wednesday, February 14th.
TJX Companies has increased its dividend by an average of 21.4% per year over the last three years and has raised its dividend every year for the last 21 years. TJX Companies has a dividend payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TJX Companies to earn $4.39 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 28.5%.
TJX Companies (NYSE TJX) opened at $75.71 on Tuesday. The stock has a market cap of $47,827.36, a P/E ratio of 20.44, a P/E/G ratio of 1.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. TJX Companies has a 1-year low of $66.44 and a 1-year high of $81.46.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. TJX Companies’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. equities analysts predict that TJX Companies will post 3.93 EPS for the current year.
TJX has been the topic of several research reports. Buckingham Research reissued a “buy” rating and set a $85.00 price objective on shares of TJX Companies in a report on Thursday, October 19th. Wells Fargo & Co lowered shares of TJX Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $76.00 to $72.00 in a report on Wednesday, January 3rd. Guggenheim reissued a “buy” rating and set a $86.00 price objective on shares of TJX Companies in a report on Friday, December 15th. 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 report on Tuesday, December 5th. Finally, Royal Bank of Canada set a $70.00 price target on shares of TJX Companies and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $82.00.
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About TJX Companies
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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