Target (NYSE:TGT) Updates FY25 Earnings Guidance

Target (NYSE:TGT) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $9.00-9.70 for the period, compared to the consensus EPS estimate of $9.23. Target also updated its FY 2024 guidance to 9.000-9.700 EPS.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TGT shares. BMO Capital Markets decreased their price objective on Target from $170.00 to $155.00 and set a market perform rating for the company in a report on Thursday, May 23rd. Wells Fargo & Company reduced their price target on Target from $175.00 to $160.00 and set an overweight rating for the company in a research report on Wednesday, August 7th. Roth Mkm raised their price target on Target from $153.00 to $157.00 and gave the company a neutral rating in a report on Thursday. Oppenheimer reduced their price objective on shares of Target from $200.00 to $180.00 and set an outperform rating for the company in a report on Wednesday, August 14th. Finally, StockNews.com lowered shares of Target from a strong-buy rating to a buy rating in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $175.71.

Target Trading Up 0.5 %

NYSE:TGT opened at $159.97 on Thursday. The stock has a fifty day simple moving average of $145.35 and a 200 day simple moving average of $154.43. The firm has a market capitalization of $74.01 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.38 and a beta of 1.19. Target has a 1-year low of $102.93 and a 1-year high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.80 earnings per share. Sell-side analysts forecast that Target will post 9.31 earnings per share for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 2.80%. This is a boost from Target’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 21st. Target’s payout ratio is presently 50.28%.

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.