Target Corp. Plans Quarterly Dividend of $0.43 (TGT)
Target Corp. (NYSE:TGT) announced a quarterly dividend on Thursday, September 12th, Analyst Ratings.Net reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.43 per share on Tuesday, December 10th. This represents a $1.72 annualized dividend and a dividend yield of 2.65%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Target Corp. (NYSE:TGT) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $68.00 price target on the stock. On a related note, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Target Corp. (NYSE:TGT) in a research note to investors on Monday. They set a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Target Corp. (NYSE:TGT) in a research note to investors on Thursday, September 5th. They now have a $72.00 price target on the stock, down previously from $75.00.
Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $71.90.
Shares of Target Corp. (NYSE:TGT) opened at 64.99 on Thursday. Target Corp. has a 52-week low of $58.01 and a 52-week high of $73.50. The stock has a 50-day moving average of $67.88 and a 200-day moving average of $68.86. The company has a market cap of $41.017 billion and a price-to-earnings ratio of 15.66.
Target Corp. (NYSE:TGT) last released its earnings data on Wednesday, August 21st. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.23. The company had revenue of $17.12 billion for the quarter, compared to the consensus estimate of $17.26 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Target Corp. will post $3.98 earnings per share for the current fiscal year.
Target Corporation (NYSE:TGT) operates in three segments: U.
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