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.

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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.

Dividend History for TJX Companies, Inc. (The) (NYSE:TJX)

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