The TJX Companies, Inc. (NYSE:TJX) Plans $0.48 Quarterly Dividend

The TJX Companies, Inc. (NYSE:TJX) declared a quarterly dividend on Tuesday, June 9th. Shareholders of record on Thursday, August 13th will be given a dividend of 0.48 per share by the apparel and home fashions retailer on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th.

TJX Companies has raised its dividend by an average of 0.5%annually over the last three years and has increased its dividend every year for the last 5 years. TJX Companies has a dividend payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TJX Companies to earn $5.66 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 33.9%.

TJX Companies Stock Performance

TJX opened at $164.57 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The company has a market cap of $181.80 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 3.47 and a beta of 0.62. TJX Companies has a 52-week low of $119.84 and a 52-week high of $165.82. The firm’s fifty day simple moving average is $157.07 and its two-hundred day simple moving average is $155.74.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Equities analysts anticipate that TJX Companies will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Robert W. Baird lifted their target price on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research report on Tuesday. Finally, BTIG Research lifted their price target on shares of TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $174.58.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.