The TJX Companies, Inc. (NYSE:TJX) Plans $0.38 Quarterly Dividend

The TJX Companies, Inc. (NYSE:TJX) declared a quarterly dividend on Monday, December 9th,RTT News reports. Investors of record on Thursday, February 13th will be given 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 dividend yield of 1.19%.

TJX Companies has increased its dividend by an average of 77.8% annually over the last three years. TJX Companies has a payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.1 %

TJX opened at $125.91 on Tuesday. The company has a fifty day moving average of $118.26 and a two-hundred day moving average of $114.58. The stock has a market capitalization of $141.54 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 3.10 and a beta of 0.90. TJX Companies has a fifty-two week low of $88.58 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TJX shares. Wells Fargo & Company boosted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Robert W. Baird lifted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. TD Cowen upped their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Morgan Stanley increased their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Barclays boosted their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.