Target (NYSE:TGT) Issues Quarterly Earnings Results

Target (NYSE:TGT) announced its earnings results on Tuesday. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17, Zacks reports. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target updated its FY 2025 guidance to 8.800-9.800 EPS.

Target Price Performance

Target stock opened at $116.70 on Thursday. Target has a 12 month low of $112.53 and a 12 month high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business has a 50 day simple moving average of $132.91 and a 200-day simple moving average of $141.92. The stock has a market capitalization of $53.47 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 50.56%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Target stock. Brighton Jones LLC boosted its holdings in Target Co. (NYSE:TGT) by 101.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,080 shares of the retailer’s stock after acquiring an additional 3,059 shares during the quarter. Brighton Jones LLC’s holdings in Target were worth $822,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. Guggenheim lifted their price target on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. UBS Group reduced their price target on Target from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Finally, Oppenheimer reiterated an “outperform” rating and set a $165.00 price target on shares of Target in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and an average price target of $148.23.

Target Company Profile

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.