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

The TJX Companies, Inc. (NYSE:TJX) announced a quarterly dividend on Wednesday, September 18th, Zacks reports. Investors of record on Thursday, November 14th will be given a dividend of 0.375 per share by the apparel and home fashions retailer on Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th.

TJX Companies has raised its dividend by an average of 77.8% annually over the last three years. TJX Companies has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TJX Companies to earn $4.52 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 33.2%.

TJX Companies Stock Performance

TJX Companies stock opened at $118.29 on Friday. TJX Companies has a 12-month low of $86.71 and a 12-month high of $121.13. The company has a market capitalization of $133.42 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm’s fifty day moving average price is $114.76 and its 200 day moving average price is $106.01.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, research analysts forecast that TJX Companies will post 4.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Evercore ISI boosted their target price on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. 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 report on Thursday, August 22nd. Sanford C. Bernstein boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Company Profile

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.