Analysts predict that Target Co. (NYSE:TGT) will post $1.19 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for Target’s earnings, with the lowest EPS estimate coming in at $1.11 and the highest estimate coming in at $1.26. Target posted earnings per share of $1.45 during the same quarter last year, which indicates a negative year-over-year growth rate of 17.9%. The firm is expected to announce its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Target will report full year earnings of $4.49 per share for the current financial year, with EPS estimates ranging from $4.25 to $4.61. For the next fiscal year, analysts expect that the firm will report earnings of $4.22 per share, with EPS estimates ranging from $3.93 to $4.48. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Target.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. During the same quarter last year, the firm posted $1.04 earnings per share. Target’s revenue for the quarter was up 1.4% compared to the same quarter last year.

Several research analysts recently commented on the stock. MKM Partners set a $77.00 price target on shares of Target and gave the company a “buy” rating in a report on Thursday. Sanford C. Bernstein set a $65.00 price target on shares of Target and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research lowered shares of Target from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Vetr lowered shares of Target from a “strong-buy” rating to a “buy” rating and set a $66.10 price target on the stock. in a report on Wednesday, November 29th. Finally, Stifel Nicolaus set a $60.00 price target on shares of Target and gave the company a “hold” rating in a report on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company. Target presently has a consensus rating of “Hold” and a consensus price target of $62.42.

A number of large investors have recently modified their holdings of TGT. Dodge & Cox grew its position in shares of Target by 83.3% during the second quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock worth $1,047,119,000 after buying an additional 9,102,526 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of Target during the second quarter worth approximately $235,305,000. Franklin Resources Inc. grew its position in shares of Target by 8.7% during the second quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock worth $1,103,994,000 after buying an additional 1,686,774 shares in the last quarter. American Century Companies Inc. grew its position in shares of Target by 45.1% during the third quarter. American Century Companies Inc. now owns 5,238,106 shares of the retailer’s stock worth $309,101,000 after buying an additional 1,629,222 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Target by 43.4% during the second quarter. Prudential Financial Inc. now owns 3,778,242 shares of the retailer’s stock worth $197,565,000 after buying an additional 1,143,598 shares in the last quarter. 87.75% of the stock is owned by institutional investors.

Target (TGT) traded up $0.67 during midday trading on Friday, reaching $62.61. 8,047,786 shares of the company traded hands, compared to its average volume of 7,633,927. Target has a 52-week low of $48.56 and a 52-week high of $78.37. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. The stock has a market capitalization of $34,022.23, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 7.80 and a beta of 0.64.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Tuesday, November 14th. Target’s dividend payout ratio (DPR) is 51.88%.

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Target 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 (NYSE:TGT)

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