Target (NYSE:TGT) will be issuing its quarterly earnings data before the market opens on Wednesday, May 22nd. Analysts expect the company to announce earnings of $1.43 per share for the quarter.
Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $1.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.53. Target had a net margin of 3.90% and a return on equity of 25.74%. The business had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.05 billion. During the same period in the prior year, the business earned $1.37 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts expect Target to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NYSE TGT opened at $71.26 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.83 and a quick ratio of 0.20. Target has a 12 month low of $60.15 and a 12 month high of $90.39. The firm has a market capitalization of $38.72 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 2.06 and a beta of 0.65.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.64 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.56 annualized dividend and a yield of 3.59%. Target’s dividend payout ratio (DPR) is presently 47.50%.
TGT has been the subject of several research reports. Telsey Advisory Group restated an “outperform” rating and issued a $92.00 price objective (up from $88.00) on shares of Target in a report on Thursday, April 18th. Sanford C. Bernstein reiterated a “mkt perform” rating on shares of Target in a research note on Friday, May 3rd. BMO Capital Markets increased their price target on shares of Target from $70.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 6th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Friday, March 8th. Finally, Evercore ISI started coverage on shares of Target in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $88.29.
In related news, insider Cathy R. Smith sold 30,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $74.00, for a total transaction of $2,220,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Harrison sold 1,791 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $80.28, for a total transaction of $143,781.48. Following the sale, the insider now directly owns 12,836 shares in the company, valued at $1,030,474.08. The disclosure for this sale can be found here. Insiders have sold a total of 36,977 shares of company stock worth $2,774,409 over the last three months. 0.19% of the stock is currently owned by insiders.
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Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.
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