Equities analysts predict that Target Corporation (NYSE:TGT) will announce sales of $16.48 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Target Corporation’s earnings, with the lowest sales estimate coming in at $16.22 billion and the highest estimate coming in at $16.66 billion. Target Corporation posted sales of $16.44 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.2%. The company is expected to announce its next quarterly earnings results on Wednesday, November 15th.

According to Zacks, analysts expect that Target Corporation will report full year sales of $16.48 billion for the current financial year, with estimates ranging from $70.00 billion to $70.91 billion. For the next financial year, analysts expect that the company will post sales of $70.21 billion per share, with estimates ranging from $69.04 billion to $70.87 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Target Corporation.

Target Corporation (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The company had revenue of $16.43 billion during the quarter, compared to analysts’ expectations of $16.30 billion. During the same period in the previous year, the company earned $1.23 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of Target Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. TheStreet upgraded shares of Target Corporation from a “c+” rating to a “b” rating in a report on Thursday, September 28th. MKM Partners upped their price target on shares of Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 price target on shares of Target Corporation in a research note on Tuesday, June 20th. Finally, Vetr upgraded Target Corporation from a “hold” rating to a “buy” rating and set a $59.67 price objective for the company in a report on Monday, August 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company’s stock. Target Corporation has an average rating of “Hold” and a consensus target price of $61.64.

Shares of Target Corporation (TGT) opened at 58.58 on Wednesday. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The firm has a market capitalization of $32.00 billion, a P/E ratio of 11.84 and a beta of 0.62. The stock’s 50 day moving average price is $57.34 and its 200-day moving average price is $55.28. Target Corporation also was the recipient of some unusual options trading activity on Monday. Investors bought 10,752 put options on the company. This is an increase of 126% compared to the average volume of 4,756 put options.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is presently 50.00%.

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In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’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 SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp increased its stake in Target Corporation by 0.4% during the second quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock valued at $256,000 after acquiring an additional 19 shares during the period. Compton Capital Management Inc. RI lifted its position in shares of Target Corporation by 0.4% in the 1st quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock worth $487,000 after acquiring an additional 32 shares during the period. Gamble Jones Investment Counsel lifted its position in shares of Target Corporation by 0.4% in the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock worth $553,000 after acquiring an additional 44 shares during the period. Carlson Capital Management lifted its position in shares of Target Corporation by 0.9% in the 2nd quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock worth $421,000 after acquiring an additional 69 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of Target Corporation by 0.8% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock worth $515,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 83.22% of the company’s stock.

Target Corporation Company Profile

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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Earnings History and Estimates for Target Corporation (NYSE:TGT)

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