The TJX Companies, Inc. (TJX) To Go Ex-Dividend on May 15th

The TJX Companies, Inc. (NYSE:TJXGet Free Report) declared a quarterly dividend on Tuesday, April 2nd, RTT News reports. Shareholders of record on Thursday, May 16th will be given a dividend of 0.375 per share by the apparel and home fashions retailer on Thursday, June 6th. This represents a $1.50 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33.

TJX Companies has increased its dividend by an average of 77.8% annually over the last three years and has increased its dividend every year for the last 4 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 Stock Down 0.1 %

TJX stock opened at $98.81 on Monday. The firm has a fifty day moving average price of $96.81 and a two-hundred day moving average price of $94.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. TJX Companies has a 1-year low of $75.65 and a 1-year high of $102.84. The firm has a market cap of $111.95 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 2.53 and a beta of 0.87.

TJX Companies (NYSE:TJXGet Free Report) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. TJX Companies’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share. Research analysts predict that TJX Companies will post 4.1 EPS for the current year.

Insider Buying and Selling

In other news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies declared that its Board of Directors has approved a share buyback program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Monday, February 5th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. UBS Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $104.00 to $132.00 in a research report on Thursday, May 2nd. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. Finally, BMO Capital Markets boosted their price target on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.29.

View Our Latest Analysis on TJX Companies

About TJX Companies

(Get Free Report)

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.

Further Reading

Dividend History for TJX Companies (NYSE:TJX)

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.