Wall Street analysts predict that Target Corporation (NYSE:TGT) will report $0.85 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Target Corporation’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.90. Target Corporation posted earnings of $1.04 per share in the same quarter last year, which would suggest a negative year over year growth rate of 18.3%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, November 15th.
According to Zacks, analysts expect that Target Corporation will report full year earnings of $4.50 per share for the current fiscal year, with EPS estimates ranging from $4.35 to $4.62. For the next financial year, analysts forecast that the company will report earnings of $4.36 per share, with EPS estimates ranging from $4.00 to $4.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Target Corporation.
Target Corporation (NYSE:TGT) last posted its earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion for the quarter, compared to the consensus estimate of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 earnings per share.
Several research analysts have recently weighed in on TGT shares. BidaskClub upgraded shares of Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Vetr lowered shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective on the stock. in a research note on Monday, August 7th. Zacks Investment Research lowered shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Jefferies Group LLC reiterated a “hold” rating on shares of Target Corporation in a research note on Friday, August 25th. Finally, BMO Capital Markets reiterated a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $63.75.
Target Corporation (NYSE:TGT) traded up 2.20% during trading on Friday, reaching $61.76. 6,053,790 shares of the company’s stock traded hands. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33. The firm has a market cap of $33.74 billion, a PE ratio of 12.48 and a beta of 0.62. The firm has a 50 day moving average price of $58.82 and a 200-day moving average price of $55.75.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 4.02%. Target Corporation’s dividend payout ratio (DPR) is presently 50.00%.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.
Large investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its position in Target Corporation by 23.8% during the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares during the last quarter. Penserra Capital Management LLC lifted its position in Target Corporation by 9.5% during the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after purchasing an additional 204 shares during the last quarter. Davidson Investment Advisors lifted its position in Target Corporation by 18.5% during the first quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock valued at $141,000 after purchasing an additional 400 shares during the last quarter. Kistler Tiffany Companies LLC lifted its position in Target Corporation by 19.1% during the second quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock valued at $145,000 after purchasing an additional 445 shares during the last quarter. Finally, Rowland & Co. Investment Counsel ADV lifted its position in Target Corporation by 4.7% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer’s stock valued at $155,000 after purchasing an additional 132 shares during the last quarter. 83.23% of the stock is owned by institutional investors.
About Target Corporation
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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