Analysts expect that Target Co. (NYSE:TGT) will announce earnings of $1.22 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Target’s earnings. The lowest EPS estimate is $1.11 and the highest is $1.39. Target reported earnings per share of $1.45 during the same quarter last year, which suggests a negative year over year growth rate of 15.9%. The company is expected to issue its next earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Target will report full year earnings of $4.55 per share for the current fiscal year, with EPS estimates ranging from $4.35 to $4.74. For the next fiscal year, analysts forecast that the company will report earnings of $4.35 per share, with EPS estimates ranging from $4.10 to $4.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Target.
Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.05. The firm had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. Target had a net margin of 3.80% and a return on equity of 24.09%. Target’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share.
A number of equities research analysts recently issued reports on TGT shares. TheStreet upgraded shares of Target from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Tuesday, October 10th. Morgan Stanley decreased their price objective on shares of Target from $52.00 to $50.00 and set an “underweight” rating for the company in a report on Thursday, November 16th. MKM Partners set a $77.00 price objective on shares of Target and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, BMO Capital Markets reiterated a “market weight” rating on shares of Target in a report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $63.81.
In other Target news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp lifted its stake in shares of Target by 0.4% in the second quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock valued at $256,000 after buying an additional 19 shares during the period. WealthTrust Fairport LLC lifted its stake in shares of Target by 1.6% in the second quarter. WealthTrust Fairport LLC now owns 6,051 shares of the retailer’s stock valued at $316,000 after buying an additional 93 shares during the period. Security National Bank of Sioux City Iowa IA lifted its stake in shares of Target by 0.8% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,341 shares of the retailer’s stock valued at $698,000 after buying an additional 102 shares during the period. Hugh Johnson Advisors LLC lifted its stake in shares of Target by 2.0% in the second quarter. Hugh Johnson Advisors LLC now owns 5,673 shares of the retailer’s stock valued at $297,000 after buying an additional 109 shares during the period. Finally, Cheviot Value Management LLC lifted its stake in shares of Target by 1.5% in the second quarter. Cheviot Value Management LLC now owns 8,483 shares of the retailer’s stock valued at $444,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 87.41% of the company’s stock.
Shares of Target (TGT) opened at $66.55 on Wednesday. The stock has a market cap of $36,170.00, a price-to-earnings ratio of 13.98, a P/E/G ratio of 8.11 and a beta of 0.63. Target has a fifty-two week low of $48.56 and a fifty-two week high of $72.23. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.
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Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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