Target (NYSE:TGT) Announces Earnings Results

Target (NYSE:TGT) posted its quarterly earnings results on Tuesday. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17, Zacks reports. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target updated its FY 2025 guidance to 8.800-9.800 EPS.

Target Trading Down 3.1 %

Target stock opened at $117.05 on Wednesday. The firm’s 50-day moving average is $133.23 and its 200-day moving average is $142.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target has a 1 year low of $112.53 and a 1 year high of $181.86. The company has a market cap of $53.63 billion, a P/E ratio of 12.41, a PEG ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.83%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Target stock. Brighton Jones LLC lifted its holdings in Target Co. (NYSE:TGT) by 101.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,080 shares of the retailer’s stock after buying an additional 3,059 shares during the quarter. Brighton Jones LLC’s holdings in Target were worth $822,000 as of its most recent filing with the SEC. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TGT shares. Guggenheim increased their price target on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their target price on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Jefferies Financial Group cut their target price on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company cut their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $156.43.

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.