TJX Companies, Inc. (The) (NYSE:TJX) announced a quarterly dividend on Friday, September 15th, RTT News reports. Investors of record on Thursday, November 9th will be given a dividend of 0.3125 per share by the apparel and home fashions retailer on Thursday, November 30th. This represents a $1.25 dividend on an annualized basis and a yield of 1.71%.

TJX Companies, Inc. (The) has increased its dividend by an average of 21.6% annually over the last three years and has increased its dividend every year for the last 20 years. TJX Companies, Inc. (The) has a dividend payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Analysts expect TJX Companies, Inc. (The) to earn $4.21 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 29.7%.

Shares of TJX Companies, Inc. (TJX) traded up 0.25% on Friday, reaching $73.39. 1,281,385 shares of the company’s stock traded hands. The firm has a market capitalization of $46.70 billion, a P/E ratio of 20.77 and a beta of 0.76. The company’s 50-day moving average is $71.38 and its 200-day moving average is $74.27. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. Equities research analysts anticipate that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

TJX has been the subject of several research analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a research note on Thursday, June 8th. Royal Bank Of Canada set a $79.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, June 19th. BidaskClub raised shares of TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Credit Suisse Group set a $72.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $83.24.

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In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

About TJX Companies, Inc. (The)

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.

Dividend History for TJX Companies, Inc. (The) (NYSE:TJX)

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