The TJX Companies, Inc. (TJX) To Go Ex-Dividend on May 11th

The TJX Companies, Inc. (NYSE:TJX – Get Rating) announced a quarterly dividend on Tuesday, March 29th, RTT News reports. Investors of record on Thursday, May 12th will be given a dividend of 0.295 per share by the apparel and home fashions retailer on Thursday, June 2nd. This represents a $1.18 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Wednesday, May 11th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.26.

TJX Companies has increased its dividend payment by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. TJX Companies has a dividend payout ratio of 37.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TJX Companies to earn $3.64 per share next year, which means the company should continue to be able to cover its $1.18 annual dividend with an expected future payout ratio of 32.4%.

NYSE TJX opened at $60.41 on Monday. TJX Companies has a 12 month low of $57.92 and a 12 month high of $77.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.27 and a quick ratio of 0.70. The company has a market capitalization of $70.95 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.87 and a beta of 0.88. The company’s fifty day moving average price is $62.25 and its two-hundred day moving average price is $67.58.

TJX Companies (NYSE:TJX – Get Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The apparel and home fashions retailer reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). TJX Companies had a net margin of 6.76% and a return on equity of 55.47%. The company had revenue of $13.85 billion for the quarter, compared to the consensus estimate of $14.19 billion. During the same quarter last year, the company earned $0.50 earnings per share. The company’s revenue was up 26.6% compared to the same quarter last year. As a group, analysts anticipate that TJX Companies will post 3.15 EPS for the current year.

A number of research analysts have recently issued reports on TJX shares. Wells Fargo & Company downgraded shares of TJX Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $75.00 to $60.00 in a research report on Tuesday, April 5th. Gordon Haskett reduced their price target on shares of TJX Companies from $81.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, February 24th. Cowen reduced their price target on shares of TJX Companies from $88.00 to $72.00 in a research report on Monday, February 28th. Barclays raised their price target on shares of TJX Companies from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 13th. Finally, Citigroup reduced their price target on shares of TJX Companies from $81.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, February 24th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $78.30.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zullo Investment Group Inc. acquired a new position in shares of TJX Companies in the fourth quarter worth about $49,000. First Community Trust NA acquired a new position in shares of TJX Companies in the fourth quarter worth about $57,000. Sequoia Financial Advisors LLC acquired a new position in shares of TJX Companies in the fourth quarter worth about $304,000. Forum Financial Management LP acquired a new position in shares of TJX Companies in the fourth quarter worth about $498,000. Finally, Horizon Investments LLC boosted its holdings in shares of TJX Companies by 10.2% in the fourth quarter. Horizon Investments LLC now owns 8,595 shares of the apparel and home fashions retailer’s stock worth $650,000 after buying an additional 795 shares during the period. Institutional investors own 91.45% of the company’s stock.

About TJX Companies (Get Rating)

The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.

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