The TJX Companies, Inc. (TJX) To Go Ex-Dividend on May 14th

The TJX Companies, Inc. (NYSE:TJX) declared a quarterly dividend on Monday, March 30th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.48 per share by the apparel and home fashions retailer on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. This is a 12.9% increase from TJX Companies’s previous quarterly dividend of $0.43.

TJX Companies has raised its dividend payment by an average of 0.5%annually 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 34.3% meaning its dividend is sufficiently covered by earnings. Analysts expect TJX Companies to earn $4.58 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 37.1%.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $159.64 on Wednesday. The firm has a market cap of $177.27 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 3.58 and a beta of 0.73. The firm has a fifty day moving average price of $155.60 and a 200 day moving average price of $150.91. TJX Companies has a fifty-two week low of $116.37 and a fifty-two week high of $162.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. TJX Companies’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 EPS. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. As a group, sell-side analysts expect that TJX Companies will post 4.18 earnings per share for the current fiscal year.

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.