Target (TGT) to Release Earnings on Wednesday

Target (NYSE:TGTGet Free Report) will release its earnings data before the market opens on Wednesday, May 22nd. Analysts expect Target to post earnings of $2.02 per share for the quarter. Target has set its Q1 guidance at $1.70-2.10 EPS and its FY25 guidance at $8.60-9.60 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Target (NYSE:TGTGet Free Report) last released its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The company had revenue of $31.47 billion for the quarter, compared to analysts’ expectations of $31.83 billion. During the same period in the previous year, the business posted $1.89 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts expect Target to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Target Trading Down 0.3 %

Shares of TGT opened at $160.13 on Monday. The business has a 50-day moving average of $166.63 and a 200 day moving average of $148.80. Target has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The firm has a market cap of $74.08 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is currently 49.27%.

Insider Buying and Selling

In related news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the sale, the insider now directly owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Christina Hennington sold 4,600 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the completion of the sale, the insider now directly owns 346,919 shares in the company, valued at $58,115,870.88. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock valued at $8,819,598 over the last ninety days. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TGT. Stifel Nicolaus lifted their target price on Target from $153.00 to $177.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. Morgan Stanley lifted their target price on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. UBS Group reaffirmed a “buy” rating and set a $174.00 target price on shares of Target in a report on Tuesday, March 5th. TheStreet raised Target from a “c+” rating to a “b-” rating in a report on Monday, March 4th. Finally, Jefferies Financial Group lifted their target price on Target from $195.00 to $205.00 and gave the company a “buy” rating in a report on Monday, April 1st. Ten research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

View Our Latest Research Report on Target

Target Company Profile

(Get Free Report)

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.

See Also

Earnings History for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.