Target (NYSE:TGT) Issues Q4 2024 Earnings Guidance

Target (NYSE:TGT) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.850-2.450 for the period, compared to the consensus EPS estimate of 2.650. The company issued revenue guidance of -. Target also updated its FY 2024 guidance to 8.300-8.900 EPS.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TGT. Evercore ISI lowered their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Melius Research initiated coverage on shares of Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 target price for the company. Oppenheimer restated an “outperform” rating and issued a $165.00 price objective on shares of Target in a report on Monday, November 25th. Finally, Citigroup upped their price objective on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Target has an average rating of “Hold” and a consensus target price of $158.23.

Target Trading Up 0.3 %

NYSE:TGT opened at $133.62 on Friday. 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 firm has a market capitalization of $61.22 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. Target has a one year low of $120.21 and a one year high of $181.86. The business has a fifty day moving average price of $136.45 and a 200-day moving average price of $145.23.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company earned $2.10 earnings per share. Sell-side analysts forecast that Target will post 8.6 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. Target’s payout ratio is presently 47.51%.

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.