TJX Companies (TJX) Plans Quarterly Dividend of $0.15

TJX Companies (NYSE:TJX) announced a quarterly dividend on Tuesday, June 11th, Stock Ratings reports. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.145 per share on Thursday, September 5th. This represents a $0.58 annualized dividend and a dividend yield of 1.15%.

TJX has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of TJX Companies in a research note to investors on Tuesday, June 4th. On a related note, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of TJX Companies in a research note to investors on Tuesday, June 4th. They now have a $48.00 price target on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, May 28th.

Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $52.71.

TJX Companies (NYSE: TJX) traded down 0.46% on Tuesday, hitting $50.07. TJX Companies has a 1-year low of $40.08 and a 1-year high of $51.84. The stock’s 50-day moving average is currently $49.92. The company has a market cap of $36.039 billion and a price-to-earnings ratio of 19.18.

TJX Companies (NYSE: TJX) last announced its earnings results on Tuesday, May 21st. The company reported $0.62 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.62. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the company posted $0.55 earnings per share. TJX Companies’s revenue was up 6.8% compared to the same quarter last year. TJX Companies has set its Q2 guidance at $0.61-0.63 EPS and its FY14 guidance at $2.70-2.78 EPS. On average, analysts predict that TJX Companies will post $2.82 earnings per share for the current fiscal year.

The TJX Companies, Inc. (NYSE: TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.