Equities research analysts expect that Target Co. (NYSE:TGT) will announce sales of $22.00 billion for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Target’s earnings, with estimates ranging from $21.69 billion to $22.19 billion. Target reported sales of $20.69 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The firm is expected to report its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that Target will report full year sales of $22.00 billion for the current fiscal year, with estimates ranging from $70.81 billion to $71.31 billion. For the next fiscal year, analysts anticipate that the business will post sales of $71.08 billion per share, with estimates ranging from $69.95 billion to $71.70 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Target.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. Target’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share.

A number of research analysts recently issued reports on the company. Barclays upgraded Target from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $45.00 to $70.00 in a report on Friday. Robert W. Baird reiterated a “hold” rating and set a $70.00 price objective on shares of Target in a report on Wednesday. Telsey Advisory Group increased their price objective on Target from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday. Vetr downgraded Target from a “buy” rating to a “hold” rating and set a $66.59 price objective for the company. in a report on Monday, December 18th. Finally, Sanford C. Bernstein set a $65.00 price objective on Target and gave the stock a “buy” rating in a report on Thursday, December 14th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $63.81.

In other Target news, Director Roxanne S. Austin sold 4,705 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Heritage Trust Co lifted its position in shares of Target by 129.7% in the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after buying an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC lifted its position in shares of Target by 2,200.0% in the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after buying an additional 1,826 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Target by 23.8% in the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after buying an additional 399 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of Target by 109.8% in the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after buying an additional 1,310 shares during the last quarter. Finally, Sandy Spring Bank lifted its position in shares of Target by 6.7% in the second quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock valued at $155,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 87.41% of the company’s stock.

Target (TGT) traded up $0.15 during trading hours on Friday, hitting $66.00. The company had a trading volume of 3,186,485 shares, compared to its average volume of 7,230,267. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The company has a market capitalization of $35,890.00, a P/E ratio of 13.87, a PEG ratio of 8.30 and a beta of 0.63. Target has a fifty-two week low of $48.56 and a fifty-two week high of $72.72.

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About Target

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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