Target (NYSE:TGT) is set to issue its quarterly earnings data before the market opens on Wednesday, August 21st. Analysts expect the company to announce earnings of $1.61 per share for the quarter.
Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 22nd. The retailer reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.10. The firm had revenue of $17.63 billion during the quarter, compared to analysts’ expectations of $17.49 billion. Target had a net margin of 3.96% and a return on equity of 26.48%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.32 earnings per share. On average, analysts expect Target to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of TGT opened at $84.24 on Wednesday. The company has a market capitalization of $42.03 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.97 and a beta of 0.61. The company has a 50-day moving average of $86.16. Target has a fifty-two week low of $60.15 and a fifty-two week high of $90.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.88 and a quick ratio of 0.19.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be given a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This is a positive change from Target’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a dividend yield of 3.13%. Target’s dividend payout ratio is presently 47.50%.
In related news, Director Roxanne S. Austin sold 4,163 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $89.00, for a total transaction of $370,507.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael Edward Mcnamara sold 11,891 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $88.79, for a total transaction of $1,055,801.89. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,180 shares of company stock worth $2,854,650. 0.24% of the stock is owned by insiders.
Several brokerages have recently weighed in on TGT. UBS Group increased their price objective on shares of Target from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, May 23rd. Sanford C. Bernstein reissued a “mkt perform” rating on shares of Target in a research report on Friday, May 3rd. Citigroup increased their price objective on shares of Target from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, May 23rd. Credit Suisse Group set a $90.00 price objective on shares of Target and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Goldman Sachs Group began coverage on shares of Target in a research report on Thursday, July 11th. They issued a “buy” rating and a $102.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $90.52.
Target Company Profile
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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