Target (NYSE:TGT) Issues FY 2025 Earnings Guidance

Target (NYSE:TGT) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 7.000-9.000 for the period, compared to the consensus estimate of 7.369. The company issued revenue guidance of -.

Target Stock Performance

NYSE TGT opened at $98.7370 on Thursday. The company’s 50 day simple moving average is $102.03 and its two-hundred day simple moving average is $104.36. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.25. Target has a 1 year low of $87.35 and a 1 year high of $167.40. The stock has a market capitalization of $44.86 billion, a PE ratio of 10.85, a P/E/G ratio of 3.04 and a beta of 1.22.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.95% and a return on equity of 25.59%. The firm had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter in the prior year, the firm posted $2.57 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Analysts predict that Target will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 annualized dividend and a yield of 4.5%. Target’s payout ratio is presently 50.11%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Target from $160.00 to $112.00 and set an “overweight” rating for the company in a report on Thursday, May 22nd. Piper Sandler restated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. The Goldman Sachs Group cut their price objective on Target from $101.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, May 22nd. Guggenheim decreased their price objective on Target from $155.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 27th. Finally, Mizuho dropped their target price on Target from $92.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, May 22nd. Ten research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $114.29.

Insider Buying and Selling at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the sale, the insider directly owned 246,453 shares of the company’s stock, valued at $23,703,849.54. This trade represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Target

Several hedge funds have recently made changes to their positions in TGT. Brighton Jones LLC boosted its position in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after acquiring an additional 3,059 shares in the last quarter. Woodline Partners LP lifted its position in Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after acquiring an additional 11,047 shares during the period. NewEdge Advisors LLC boosted its stake in Target by 22.8% during the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after acquiring an additional 12,948 shares in the last quarter. Sei Investments Co. grew its holdings in Target by 8.0% in the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after purchasing an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of Target by 11.0% during the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock valued at $26,910,000 after purchasing an additional 27,063 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

About Target

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.