Target (TGT) Set to Announce Earnings on Wednesday

Target (NYSE:TGT) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 22nd. Analysts expect Target to post earnings of $2.02 per share for the quarter. Target has set its Q1 guidance at $1.70-2.10 EPS and its FY25 guidance at $8.60-9.60 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate of $2.41 by $0.57. The business had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 earnings per share. On average, analysts expect Target to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Target Stock Performance

NYSE:TGT opened at $156.71 on Tuesday. The company has a fifty day simple moving average of $166.40 and a two-hundred day simple moving average of $149.12. The company has a market cap of $72.50 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.17. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. Target has a 52 week low of $102.93 and a 52 week high of $181.86.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.81%. Target’s dividend payout ratio (DPR) is currently 49.27%.

Insider Buying and Selling at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the transaction, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now directly owns 346,919 shares in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock valued at $8,819,598 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. DA Davidson boosted their price target on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Roth Mkm boosted their price target on shares of Target from $140.00 to $153.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Jefferies Financial Group boosted their price target on shares of Target from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Wells Fargo & Company boosted their price target on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Ten investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.