The TJX Companies, Inc. (NYSE:TJX – Get Free Report) announced a quarterly dividend on Tuesday, June 4th, RTT News reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.375 per share by the apparel and home fashions retailer on Thursday, September 5th. This represents a $1.50 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 15th.
TJX Companies has increased its dividend payment by an average of 77.8% annually over the last three years. TJX Companies has a payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TJX Companies to earn $4.48 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 33.5%.
TJX Companies Price Performance
Shares of NYSE:TJX opened at $111.04 on Wednesday. The company’s fifty day moving average is $110.96 and its two-hundred day moving average is $102.51. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. TJX Companies has a 12-month low of $85.44 and a 12-month high of $115.35. The company has a market cap of $125.49 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88.
Analyst Ratings Changes
TJX has been the topic of a number of research reports. Sanford C. Bernstein upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. TD Cowen upped their price target on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Telsey Advisory Group upped their price target on shares of TJX Companies from $115.00 to $128.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, UBS Group upped their price target on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $113.39.
View Our Latest Stock Analysis on TJX Companies
Insider Buying and Selling at TJX Companies
In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the sale, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amy B. Lane sold 1,500 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. Insiders sold 50,003 shares of company stock worth $5,060,941 over the last ninety days. Company insiders own 0.13% of the company’s stock.
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.
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