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

The TJX Companies, Inc. (NYSE:TJX) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Thursday, November 12th will be given a dividend of 0.48 per share by the apparel and home fashions retailer on Thursday, December 3rd. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, November 12th.

TJX Companies has raised its dividend by an average of 0.5%per year over the last three years and has raised its dividend every year for the last 5 years. TJX Companies has a payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Analysts expect TJX Companies to earn $5.74 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 33.4%.

TJX Companies Stock Performance

Shares of TJX stock opened at $122.89 on Thursday. The business’s 50-day moving average price is $145.86 and its 200-day moving average price is $153.61. TJX Companies has a 12 month low of $122.78 and a 12 month high of $170.00. The firm has a market capitalization of $135.17 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.25 and a beta of 0.60. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Equities research analysts forecast that TJX Companies will post 5.22 EPS for the current year.

TJX Companies Company Profile

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women’s, men’s and children’s clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.