Target Co. (TGT) Releases FY15 Earnings Guidance
Target Co. (NYSE:TGT) updated its FY15 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.85-4.15 for the period, compared to the Thomson Reuters consensus estimate of $4.15, AR Network reports. Target also updated its Q1 guidance to $0.60-0.75 EPS.
Target Co. (NYSE:TGT) opened at 56.51 on Wednesday. Target Co. has a 1-year low of $54.66 and a 1-year high of $73.50. The stock’s 50-day moving average is $58.18 and its 200-day moving average is $62.7. The company has a market cap of $35.719 billion and a P/E ratio of 15.03. Target also was the recipient of unusually large options trading on Tuesday. Stock traders acquired 25,461 call options on the stock. This represents an increase of 177% compared to the typical volume of 9,204 call options.
Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.50. Analysts expect that Target Co. will post $3.17 EPS for the current fiscal year.
A number of research firms have recently commented on TGT. Analysts at Susquehanna cut their price target on shares of Target from $65.00 to $60.00 in a research note on Tuesday. On a related note, analysts at Sterne Agee initiated coverage on shares of Target in a research note on Monday. They set a neutral rating and a $54.00 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of Target in a research note on Wednesday, February 12th. They set a neutral rating and a $62.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $67.00.
Target Corporation sells a range of assortment of general merchandise and food in its stores. The Company’s general merchandise and CityTarget stores offer a food assortment on a smaller scale and its SuperTarget stores offer a line of food items comparable to traditional supermarkets.
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