Target Corp. (TGT) Scheduled to Post Quarterly Earnings on Wednesday
Target Corp. (NYSE:TGT) is scheduled to issue its quarterly earnings data on Wednesday, November 16th. Target Corp. has set its Q3 guidance at $0.75-0.95 EPS and its FY17 guidance at $4.80-5.20 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
Target Corp. (NYSE:TGT) last released its earnings results on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, beating the Thomson Reuters’ 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 company’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 EPS. On average, analysts expect Target Corp. to post $4.95 EPS for the current fiscal year and $5.30 EPS for the next fiscal year.
Shares of Target Corp. (NYSE:TGT) opened at 71.35 on Monday. The company has a market cap of $41.01 billion, a PE ratio of 13.20 and a beta of 0.59. The firm has a 50-day moving average price of $68.19 and a 200 day moving average price of $71.01. Target Corp. has a 1-year low of $65.50 and a 1-year high of $84.14.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.40 annualized dividend and a yield of 3.36%. Target Corp.’s dividend payout ratio is presently 44.44%.
A number of equities analysts have recently issued reports on the company. Vetr downgraded Target Corp. from a “buy” rating to a “hold” rating and set a $69.32 price objective for the company. in a research report on Monday, November 7th. Credit Suisse Group AG assumed coverage on Target Corp. in a research report on Friday, September 16th. They set a “neutral” rating and a $65.00 price objective for the company. MKM Partners restated a “neutral” rating and set a $78.00 price objective (up from $73.00) on shares of Target Corp. in a research report on Tuesday, August 16th. Nomura set a $75.00 price objective on Target Corp. and gave the stock a “hold” rating in a research report on Thursday, August 18th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $86.00 price objective on shares of Target Corp. in a research report on Wednesday, August 17th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. Target Corp. currently has a consensus rating of “Hold” and an average target price of $74.54.
Several institutional investors have recently made changes to their positions in TGT. Engineers Gate Manager LP bought a new position in shares of Target Corp. during the second quarter valued at $1,320,000. Commonwealth Bank of Australia boosted its position in shares of Target Corp. by 5.1% in the second quarter. Commonwealth Bank of Australia now owns 87,866 shares of the retailer’s stock valued at $6,136,000 after buying an additional 4,251 shares during the period. Tredje AP fonden boosted its position in shares of Target Corp. by 19.4% in the second quarter. Tredje AP fonden now owns 68,546 shares of the retailer’s stock valued at $4,786,000 after buying an additional 11,135 shares during the period. Mycio Wealth Partners LLC boosted its position in shares of Target Corp. by 1.1% in the second quarter. Mycio Wealth Partners LLC now owns 5,695 shares of the retailer’s stock valued at $398,000 after buying an additional 60 shares during the period. Finally, Frontier Wealth Management LLC bought a new position in shares of Target Corp. during the second quarter valued at $611,000. Institutional investors own 85.91% of the company’s stock.
Target Corp. Company Profile
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.
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