Target (NYSE:TGT) Issues Q4 2024 Earnings Guidance

Target (NYSE:TGT) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.850-2.450 for the period, compared to the consensus estimate of 2.650. The company issued revenue guidance of -. Target also updated its FY 2024 guidance to 8.300-8.900 EPS.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TGT shares. Citigroup downgraded Target from a “buy” rating to a “neutral” rating and reduced their price target for the company from $188.00 to $130.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. cut their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Melius Research started coverage on shares of Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price target for the company. Stifel Nicolaus upped their price objective on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 target price on shares of Target in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $160.57.

Target Stock Performance

NYSE:TGT opened at $134.58 on Thursday. The stock has a 50-day moving average price of $137.06 and a 200 day moving average price of $145.39. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target has a 12-month low of $120.21 and a 12-month high of $181.86. The stock has a market capitalization of $61.67 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.32 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the business earned $2.10 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Target will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.33%. Target’s dividend payout ratio (DPR) is presently 47.51%.

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.