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.

Earnings History and Estimates for Target Corp. (NYSE:TGT)

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.

5 Day Chart for NYSE:TGT

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