Brokers Set Expectations for Target Corp.’s Q1 2018 Earnings (TGT)
Target Corp. (NYSE:TGT) – Analysts at Jefferies Group issued their Q1 2018 EPS estimates for Target Corp. in a research note issued on Wednesday. Jefferies Group analyst D. Binder expects that the firm will post earnings of $1.34 per share for the quarter. Jefferies Group has a “Hold” rating and a $72.00 price target on the stock. Jefferies Group also issued estimates for Target Corp.’s Q2 2018 earnings at $1.33 EPS, Q3 2018 earnings at $0.96 EPS, Q4 2018 earnings at $1.74 EPS, FY2019 earnings at $5.95 EPS and FY2020 earnings at $6.25 EPS.
A number of other equities research analysts also recently weighed in on TGT. Piper Jaffray Cos. reiterated an “outperform” rating and issued a $86.00 price target on shares of Target Corp. in a research report on Monday, July 25th. Barclays PLC reiterated an “underweight” rating and issued a $60.00 price target on shares of Target Corp. in a research report on Friday, September 16th. Vetr downgraded shares of Target Corp. from a “strong-buy” rating to a “buy” rating and set a $77.55 price target for the company. in a research report on Monday, September 12th. Zacks Investment Research downgraded shares of Target Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 15th. Finally, Goldman Sachs Group Inc. dropped their price target on shares of Target Corp. from $75.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, August 18th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.54.
Shares of Target Corp. (NYSE:TGT) traded up 1.15% on Friday, reaching $71.35. The company’s stock had a trading volume of 5,330,556 shares. The firm has a 50 day moving average of $68.19 and a 200 day moving average of $71.01. Target Corp. has a 52-week low of $65.50 and a 52-week high of $84.14. The company has a market cap of $41.01 billion, a PE ratio of 13.20 and a beta of 0.59.
Target Corp. (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.11. The firm had revenue of $16.20 billion for the quarter. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.22 earnings per share.
Large investors have recently bought and sold shares of the company. Bank of Montreal Can acquired a new stake in Target Corp. during the second quarter worth $133,059,000. Massachusetts Financial Services Co. MA raised its stake in Target Corp. by 13.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,035,746 shares of the retailer’s stock worth $910,156,000 after buying an additional 1,545,167 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Target Corp. during the second quarter worth $95,095,000. Dodge & Cox raised its stake in Target Corp. by 12.9% in the second quarter. Dodge & Cox now owns 11,757,005 shares of the retailer’s stock worth $820,874,000 after buying an additional 1,341,678 shares in the last quarter. Finally, Cambiar Investors LLC acquired a new stake in Target Corp. during the second quarter worth $89,152,000. Institutional investors own 85.91% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 16th will be issued a $0.60 dividend. The ex-dividend date is Monday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.36%. Target Corp.’s dividend payout ratio is presently 44.44%.
About Target Corp.
Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.
Receive News & Stock Ratings for Target Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corp. and related stocks with our FREE daily email newsletter.