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 7.000-8.000 for the period, compared to the consensus estimate of 7.320. The company issued revenue guidance of -.

Target Stock Down 2.8%

Shares of TGT stock opened at $83.66 on Friday. Target has a twelve month low of $83.44 and a twelve month high of $145.08. The stock has a market cap of $38.01 billion, a P/E ratio of 9.75, a P/E/G ratio of 2.74 and a beta of 1.19. The stock has a 50 day moving average of $90.18 and a 200 day moving average of $95.93. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping the consensus estimate of $1.71 by $0.07. The business had revenue of $25.28 billion for the quarter, compared to analyst estimates of $25.44 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, sell-side analysts expect that Target will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This is a boost from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is 53.15%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TGT. Evercore ISI reiterated a “positive” rating and issued a $100.00 price objective on shares of Target in a research report on Thursday. Zacks Research lowered Target from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. reduced their price target on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Jefferies Financial Group lowered their price target on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Finally, Roth Capital set a $88.00 price objective on Target in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus target price of $102.97.

Hedge Funds Weigh In On Target

A number of hedge funds have recently made changes to their positions in TGT. Sunbelt Securities Inc. increased its position in shares of Target by 77.1% during the third quarter. Sunbelt Securities Inc. now owns 5,784 shares of the retailer’s stock worth $519,000 after purchasing an additional 2,518 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Target by 0.5% during the third quarter. Captrust Financial Advisors now owns 154,840 shares of the retailer’s stock worth $13,889,000 after buying an additional 731 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Target by 7.4% in the third quarter. Coldstream Capital Management Inc. now owns 7,972 shares of the retailer’s stock valued at $715,000 after buying an additional 552 shares during the last quarter. Danske Bank A S acquired a new position in Target during the third quarter worth about $18,675,000. Finally, Advisory Services Network LLC grew its stake in Target by 12.9% during the 3rd quarter. Advisory Services Network LLC now owns 24,578 shares of the retailer’s stock valued at $2,205,000 after acquiring an additional 2,807 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.