Target (TGT) Issues Q1 2019 Earnings Guidance

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Target (NYSE:TGT) issued an update on its first quarter 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.32-1.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.43. Target also updated its FY 2019 guidance to $5.75-6.05 EPS.

NYSE TGT opened at $76.90 on Thursday. The company has a quick ratio of 0.13, a current ratio of 0.83 and a debt-to-equity ratio of 1.10. Target has a one year low of $60.15 and a one year high of $90.39. The company has a market capitalization of $37.70 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.16 and a beta of 0.72.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 5th. The retailer reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.01. The business had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.05 billion. Target had a net margin of 4.31% and a return on equity of 25.02%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 earnings per share. Equities research analysts anticipate that Target will post 5.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 10th. Investors of record on Wednesday, February 20th will be issued a $0.64 dividend. The ex-dividend date is Tuesday, February 19th. This represents a $2.56 annualized dividend and a yield of 3.33%. Target’s dividend payout ratio (DPR) is 54.35%.

TGT has been the topic of several analyst reports. Morgan Stanley reduced their target price 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 raised shares of Target from a market perform rating to an outperform rating and set a $100.00 target price on the stock in a report on Wednesday, November 7th. Buckingham Research assumed coverage on shares of Target in a research report on Thursday, November 15th. They set a buy rating and a $102.00 target price on the stock. Citigroup lowered their target price on shares of Target from $84.00 to $78.00 and set a neutral rating on the stock in a research report on Monday, December 3rd. Finally, Barclays restated a hold rating and set a $85.00 target price on shares of Target in a research report on Wednesday, November 21st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $87.49.

In related news, insider Cathy R. Smith sold 30,000 shares of Target stock in a transaction on Friday, March 1st. The shares were sold at an average price of $74.00, for a total value of $2,220,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

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About Target

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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Earnings History and Estimates for Target (NYSE:TGT)

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