TJX Companies Inc (NYSE:TJX) Declares Quarterly Dividend of $0.23

TJX Companies Inc (NYSE:TJX) announced a quarterly dividend on Tuesday, December 3rd, RTT News reports. Shareholders of record on Thursday, February 13th will be paid a dividend of 0.23 per share by the apparel and home fashions retailer on Thursday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.54%.

TJX Companies stock traded down $0.50 during mid-day trading on Tuesday, reaching $59.90. The stock had a trading volume of 1,756,394 shares, compared to its average volume of 5,348,279. TJX Companies has a one year low of $41.49 and a one year high of $61.69. The company has a 50-day moving average price of $59.39 and a two-hundred day moving average price of $55.27. The company has a market capitalization of $73.90 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 2.19 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.22 and a quick ratio of 0.40.

TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, November 19th. The apparel and home fashions retailer reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02. The company had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.31 billion. TJX Companies had a return on equity of 57.63% and a net margin of 7.70%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. On average, equities research analysts anticipate that TJX Companies will post 2.63 earnings per share for the current fiscal year.

In other news, CEO Ernie Herrman sold 127,296 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $60.38, for a total transaction of $7,686,132.48. Following the sale, the chief executive officer now directly owns 575,966 shares of the company’s stock, valued at $34,776,827.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

TJX has been the topic of several analyst reports. Nomura started coverage on TJX Companies in a research report on Thursday, November 7th. They issued a “buy” rating and a $65.00 price objective on the stock. DA Davidson reaffirmed a “positive” rating and set a $70.00 price objective (up previously from $65.00) on shares of TJX Companies in a report on Wednesday, November 20th. MKM Partners raised their price objective on shares of TJX Companies to $70.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Bank of America set a $65.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Telsey Advisory Group boosted their target price on TJX Companies from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $64.32.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Dividend History for TJX Companies (NYSE:TJX)

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