The TJX Companies, Inc. (TJX) To Go Ex-Dividend on August 13th

The TJX Companies, Inc. (NYSE:TJX) declared a quarterly dividend on Tuesday, June 9th. Investors 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th.

TJX Companies has increased its dividend payment by an average of 0.5%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. TJX Companies has a dividend payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TJX Companies to earn $5.69 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 33.7%.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $158.80 on Tuesday. The company has a market cap of $175.43 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 3.48 and a beta of 0.62. The company has a 50-day moving average price of $157.97 and a 200-day moving average price of $156.77. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. TJX Companies has a 12 month low of $130.88 and a 12 month high of $170.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results 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. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. TJX Companies’s quarterly revenue was up 9.2% on a year-over-year basis. 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. As a group, equities analysts anticipate that TJX Companies will post 5.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TJX. Robert W. Baird increased their target price on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Telsey Advisory Group boosted their price target on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Barclays reaffirmed an “overweight” rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Finally, Erste Group Bank downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $177.94.

About TJX Companies

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.