Equities analysts expect Target Co. (NYSE:TGT) to report earnings of $1.38 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Target’s earnings, with the highest EPS estimate coming in at $1.40 and the lowest estimate coming in at $1.35. Target reported earnings per share of $1.21 during the same quarter last year, which indicates a positive year-over-year growth rate of 14%. The company is expected to announce its next quarterly earnings results on Wednesday, May 16th.
According to Zacks, analysts expect that Target will report full year earnings of $5.29 per share for the current fiscal year, with EPS estimates ranging from $5.15 to $5.40. For the next fiscal year, analysts anticipate that the company will report earnings of $5.44 per share, with EPS estimates ranging from $5.15 to $5.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Target.
Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 6th. The retailer reported $1.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.02). The company had revenue of $22.77 billion for the quarter, compared to the consensus estimate of $22.56 billion. Target had a net margin of 4.08% and a return on equity of 23.04%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $1.45 EPS.
TGT has been the topic of a number of research analyst reports. MKM Partners set a $93.00 price objective on shares of Target and gave the company a “buy” rating in a research report on Friday, January 12th. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Credit Suisse Group initiated coverage on shares of Target in a research report on Monday, March 5th. They issued a “buy” rating and a $86.00 price target on the stock. Susquehanna Bancshares set a $95.00 price target on shares of Target and gave the stock a “buy” rating in a research report on Monday, March 5th. Finally, Vetr upgraded shares of Target from a “hold” rating to a “buy” rating and set a $75.42 price target on the stock in a research report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Target currently has a consensus rating of “Hold” and an average target price of $74.20.
Target stock traded down $2.02 during midday trading on Friday, reaching $70.51. 2,236,729 shares of the company traded hands, compared to its average volume of 6,485,614. The company has a market cap of $39,381.84, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72. Target has a 12 month low of $48.56 and a 12 month high of $78.70. The company has a quick ratio of 0.30, a current ratio of 0.95 and a debt-to-equity ratio of 0.97.
The business also recently announced a quarterly dividend, which will be paid on Sunday, June 10th. Investors of record on Wednesday, May 16th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.52%. Target’s payout ratio is 52.65%.
In other Target news, insider John J. Mulligan sold 118,373 shares of Target stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $69.37, for a total value of $8,211,535.01. Following the completion of the transaction, the insider now directly owns 195,906 shares of the company’s stock, valued at approximately $13,589,999.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie A. Lundquist sold 3,000 shares of Target stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the transaction, the insider now directly owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
Large investors have recently modified their holdings of the business. SNS Financial Group LLC grew its stake in shares of Target by 11.9% in the 4th quarter. SNS Financial Group LLC now owns 15,239 shares of the retailer’s stock worth $994,000 after buying an additional 1,623 shares in the last quarter. Doliver Capital Advisors LP bought a new stake in shares of Target in the 4th quarter worth about $202,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Target by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 81,938 shares of the retailer’s stock worth $5,346,000 after acquiring an additional 2,765 shares during the last quarter. Mutual of Omaha Bank Wealth Management lifted its holdings in shares of Target by 27.4% in the 4th quarter. Mutual of Omaha Bank Wealth Management now owns 22,843 shares of the retailer’s stock worth $1,491,000 after acquiring an additional 4,913 shares during the last quarter. Finally, Zeke Capital Advisors LLC lifted its holdings in shares of Target by 11.8% in the 4th quarter. Zeke Capital Advisors LLC now owns 25,293 shares of the retailer’s stock worth $1,650,000 after acquiring an additional 2,672 shares during the last quarter. 87.02% of the stock is owned by institutional investors and hedge funds.
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Target Company Profile
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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