Target (NYSE:TGT) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.30-5.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.40.
TGT stock opened at $68.29 on Friday. Target has a 12-month low of $60.15 and a 12-month high of $90.39. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.83 and a quick ratio of 0.13. The company has a market capitalization of $36.68 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.18 and a beta of 0.72.
Target (NYSE:TGT) last released its earnings results on Tuesday, November 20th. The retailer reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.02). Target had a return on equity of 25.02% and a net margin of 4.31%. The company had revenue of $17.59 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts expect that Target will post 5.39 earnings per share for the current fiscal year.
TGT has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of Target from $70.00 to $60.00 and set an underweight rating on the stock in a report on Friday, November 23rd. Cowen upgraded shares of Target from a market perform rating to an outperform rating and set a $100.00 price target on the stock in a report on Wednesday, November 7th. Buckingham Research initiated coverage on shares of Target in a report on Thursday, November 15th. They set a buy rating and a $102.00 price target on the stock. Citigroup cut their price target on shares of Target from $84.00 to $78.00 and set a neutral rating on the stock in a report on Monday, December 3rd. Finally, Barclays restated a hold rating and set a $85.00 price target on shares of Target in a report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $86.92.
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Target Company Profile
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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