TJX Companies, Inc. (The) (NYSE:TJX) To Go Ex-Dividend on August 8th
TJX Companies, Inc. (The) (NYSE:TJX) announced a quarterly dividend on Monday, June 5th, RTT News reports. Investors of record on Thursday, August 10th will be paid a dividend of 0.3125 per share by the apparel and home fashions retailer on Thursday, August 31st. This represents a $1.25 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, August 8th.
TJX Companies, Inc. (The) has increased its dividend by an average of 21.6% per year over the last three years and has increased its dividend annually for the last 20 consecutive years. TJX Companies, Inc. (The) has a payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TJX Companies, Inc. (The) to earn $4.17 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 30.0%.
Shares of TJX Companies, Inc. (NYSE TJX) opened at 70.16 on Monday. The stock has a market capitalization of $45.13 billion, a P/E ratio of 19.92 and a beta of 0.77. The company has a 50-day moving average of $70.27 and a 200-day moving average of $75.23. TJX Companies, Inc. has a 52 week low of $66.65 and a 52 week high of $83.64.
TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. The company had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.88 billion. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. On average, analysts anticipate that TJX Companies, Inc. will post $3.89 EPS for the current year.
TJX has been the subject of several recent analyst reports. BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of TJX Companies, Inc. (The) in a research note on Thursday, June 8th. Morgan Stanley upgraded TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price target for the company in a research note on Wednesday, May 17th. BidaskClub upgraded TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Credit Suisse Group restated a “hold” rating and issued a $79.00 price target on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, Zacks Investment Research downgraded TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $83.72.
In related news, EVP Kenneth Canestrari sold 4,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total transaction of $303,200.00. Following the sale, the executive vice president now owns 86,243 shares in the company, valued at approximately $6,537,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Sherr sold 1,179 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total value of $89,108.82. Following the sale, the executive vice president now owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This piece was reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/08/07/tjx-companies-inc-the-nysetjx-to-go-ex-dividend-on-august-8th.html.
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.
Receive News & Ratings for TJX Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.