The TJX Companies, Inc. (NYSE:TJX) to Issue $0.48 Quarterly Dividend

Key Points

• TJX Companies declared a quarterly dividend of $0.48 per share, payable December 3 to shareholders of record on November 12. The dividend represents an annualized payout of $1.92 and a 1.6% yield.
• The dividend appears well covered, with a current payout ratio of 38.7%; analysts expect next year’s earnings to support an estimated payout ratio of 33.4%. TJX has raised its dividend for five consecutive years.
• TJX reported quarterly earnings of $1.22 per share and revenue of $15.18 billion, exceeding analyst estimates, while revenue rose 5.4% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $171.63.

The TJX Companies, Inc. (NYSE:TJX - Get Free Report) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Thursday, November 12th will be paid a dividend of 0.48 per share by the apparel and home fashions retailer on Thursday, December 3rd. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, November 12th.

TJX Companies has raised its dividend by an average of 0.5%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. TJX Companies has a payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TJX Companies to earn $5.74 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 33.4%.

TJX Companies Price Performance

Shares of NYSE TJX opened at $122.89 on Thursday. TJX Companies has a twelve month low of $122.78 and a twelve month high of $170.00. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $145.86 and a two-hundred day moving average of $153.61. The company has a market capitalization of $135.17 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.25 and a beta of 0.60.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the firm earned $1.10 EPS. The business's revenue for the quarter was up 5.4% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. As a group, analysts expect that TJX Companies will post 5.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Robert W. Baird raised their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. Telsey Advisory Group upped their price objective on shares of TJX Companies from $175.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. Gordon Haskett reissued an "accumulate" rating and issued a $155.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. Morgan Stanley set a $178.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $175.00 target price on shares of TJX Companies in a research report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and an average target price of $171.63.

About TJX Companies

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women's, men's and children's clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.

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