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

The TJX Companies, Inc. (NYSE:TJX - Get Free Report) announced a quarterly dividend on Tuesday, June 10th, RTT News reports. Investors 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 1.37%. The ex-dividend date of this dividend is Thursday, August 14th.

TJX Companies has a payout ratio of 34.3% indicating that 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 Stock Down 1.2%

Shares of TJX stock traded down $1.51 on Wednesday, hitting $124.54. The stock had a trading volume of 4,145,648 shares, compared to its average volume of 5,455,647. The stock's 50 day moving average is $127.67 and its 200-day moving average is $124.22. The firm has a market capitalization of $139.12 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 2.75 and a beta of 0.90. TJX Companies has a 52-week low of $106.18 and a 52-week high of $135.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. As a group, research analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TJX shares. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Barclays restated an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Wednesday, May 21st. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, UBS Group restated a "buy" rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

Insider Activity at TJX Companies

In other 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 transaction of $121,685.50. Following the completion of the sale, the director now directly owns 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On TJX Companies

Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 valued at $466,000 after buying an additional 955 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares during the last quarter. Finally, Brighton Jones LLC boosted its holdings in TJX Companies by 113.7% in 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 purchasing an additional 8,002 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

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.