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.
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.
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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