The TJX Companies, Inc. (NYSE:TJX) Announces Quarterly Dividend of $0.43

The TJX Companies, Inc. (NYSE:TJX) announced a quarterly dividend on Tuesday, June 10th, RTT News reports. Shareholders of record on Thursday, August 14th will be paid a dividend of 0.425 per share by the apparel and home fashions retailer on Thursday, September 4th. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%.

TJX Companies has a dividend payout ratio of 34.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TJX Companies to earn $4.58 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 37.1%.

TJX Companies Price Performance

Shares of NYSE:TJX traded down $0.81 during trading on Wednesday, hitting $125.23. 155,150 shares of the company’s stock were exchanged, compared to its average volume of 5,194,720. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. TJX Companies has a 52-week low of $106.18 and a 52-week high of $135.85. The business’s 50-day simple moving average is $127.67 and its 200 day simple moving average is $124.22. The company has a market cap of $139.89 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same quarter last year, the business posted $0.93 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities analysts predict that TJX Companies will post 4.18 EPS for the current year.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director now directly owns 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On TJX Companies

Several hedge funds have recently made changes to their positions in the company. Bison Wealth LLC grew its holdings in shares of TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after buying an additional 955 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after buying an additional 235 shares during the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after buying an additional 8,002 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TJX. Morgan Stanley set a $140.00 price target on TJX Companies and gave the company an “overweight” rating in a report on Thursday, May 22nd. TD Securities boosted their target price on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. Barclays restated an “overweight” rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 21st. Finally, Cowen restated a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $141.53.

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.