Brokerages predict that Target Co. (NYSE:TGT) will announce earnings per share (EPS) of $1.38 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Target’s earnings. The lowest EPS estimate is $1.35 and the highest is $1.43. Target posted earnings of $1.23 per share in the same quarter last year, which would indicate a positive year over year growth rate of 12.2%. The business is scheduled to report its next earnings report before the market opens on Wednesday, August 22nd.

On average, analysts expect that Target will report full-year earnings of $5.28 per share for the current financial year, with EPS estimates ranging from $5.20 to $5.35. For the next year, analysts expect that the firm will report earnings of $5.46 per share, with EPS estimates ranging from $5.30 to $5.62. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Target.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 23rd. The retailer reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Target had a net margin of 4.09% and a return on equity of 23.34%. The business had revenue of $16.78 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Tuesday, August 7th. Credit Suisse Group set a $86.00 price target on shares of Target and gave the company a “buy” rating in a research report on Tuesday, May 22nd. MKM Partners set a $91.00 price target on shares of Target and gave the company a “buy” rating in a research report on Friday, June 29th. Susquehanna Bancshares reiterated a “positive” rating and issued a $84.00 price target on shares of Target in a research report on Thursday, June 7th. Finally, ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Target currently has an average rating of “Hold” and a consensus price target of $75.76.

Target stock opened at $82.06 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.18 and a current ratio of 0.90. Target has a 1 year low of $53.90 and a 1 year high of $83.19. The stock has a market cap of $44.10 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 2.94 and a beta of 0.74.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Wednesday, August 15th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 3.12%. This is a boost from Target’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, August 14th. Target’s dividend payout ratio is presently 52.65%.

In related news, insider Laysha Ward sold 43,926 shares of the stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $79.33, for a total transaction of $3,484,649.58. Following the completion of the sale, the insider now directly owns 90,460 shares of the company’s stock, valued at approximately $7,176,191.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Janna A. Potts sold 5,152 shares of the stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $75.00, for a total value of $386,400.00. Following the sale, the insider now directly owns 22,304 shares of the company’s stock, valued at $1,672,800. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,813 shares of company stock valued at $4,076,175. 0.19% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TGT. Verity Asset Management Inc. bought a new stake in Target during the 1st quarter worth approximately $1,189,000. Hennessy Advisors Inc. grew its stake in shares of Target by 9.0% during the 1st quarter. Hennessy Advisors Inc. now owns 119,500 shares of the retailer’s stock worth $8,297,000 after acquiring an additional 9,900 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Target by 10.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 40,081 shares of the retailer’s stock worth $2,783,000 after acquiring an additional 3,822 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in shares of Target by 88.1% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 102,022 shares of the retailer’s stock worth $7,028,000 after acquiring an additional 47,793 shares in the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of Target by 26.4% during the 1st quarter. Fulton Bank N.A. now owns 12,139 shares of the retailer’s stock worth $843,000 after acquiring an additional 2,537 shares in the last quarter. 85.19% of the stock is owned by institutional investors and hedge funds.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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