Equities analysts predict that Target Co. (NYSE:TGT) will post earnings of $2.47 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Target’s earnings. The highest EPS estimate is $2.75 and the lowest is $1.85. Target reported earnings of $1.69 per share in the same quarter last year, which indicates a positive year over year growth rate of 46.2%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, March 2nd.
On average, analysts expect that Target will report full year earnings of $9.20 per share for the current financial year, with EPS estimates ranging from $8.28 to $9.50. For the next fiscal year, analysts anticipate that the business will post earnings of $8.70 per share, with EPS estimates ranging from $7.50 to $9.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Target.
A number of equities analysts recently issued reports on TGT shares. Raymond James raised their target price on Target from $180.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 19th. Deutsche Bank Aktiengesellschaft lifted their target price on Target from $194.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, January 14th. Cowen upped their target price on Target from $190.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, January 14th. Telsey Advisory Group lifted their price objective on shares of Target from $190.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 14th. Finally, Morgan Stanley increased their price objective on shares of Target from $180.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 20th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. Target has a consensus rating of “Buy” and an average price target of $165.29.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TGT. Principal Financial Group Inc. increased its stake in Target by 12.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,199,377 shares of the retailer’s stock worth $211,726,000 after buying an additional 129,659 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Target by 15.0% in the fourth quarter. CWA Asset Management Group LLC now owns 3,213 shares of the retailer’s stock worth $567,000 after acquiring an additional 419 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of Target in the fourth quarter worth approximately $95,000. Retirement Group LLC purchased a new stake in shares of Target during the fourth quarter worth approximately $42,000. Finally, Kozak & Associates Inc. acquired a new position in Target in the 4th quarter valued at $335,000. Hedge funds and other institutional investors own 79.17% of the company’s stock.
Shares of TGT traded down $3.08 during trading hours on Tuesday, reaching $185.91. 135,099 shares of the company traded hands, compared to its average volume of 3,570,193. The company has a quick ratio of 0.39, a current ratio of 1.05 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average price of $189.95 and a 200-day moving average price of $167.31. Target has a 12-month low of $90.17 and a 12-month high of $199.96. The stock has a market capitalization of $93.10 billion, a P/E ratio of 24.62, a P/E/G ratio of 2.64 and a beta of 0.97.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 17th will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.46%. Target’s dividend payout ratio (DPR) is 42.57%.
Target Company Profile
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home dÃ©cor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target CafÃ©, Target Optical, Starbucks, and other food service offerings.
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