Target (NYSE:TGT) Updates FY 2025 Earnings Guidance

Target (NYSE:TGT) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 7.000-9.000 for the period, compared to the consensus estimate of 8.590. The company issued revenue guidance of -.

Analyst Ratings Changes

Several analysts have recently weighed in on TGT shares. Piper Sandler lowered their price objective on shares of Target from $124.00 to $105.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Citigroup reaffirmed a “neutral” rating and issued a $97.00 target price (up previously from $95.00) on shares of Target in a research note on Wednesday, May 14th. Cfra Research downgraded Target from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 17th. StockNews.com downgraded Target from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Finally, Telsey Advisory Group reduced their price objective on Target from $145.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $127.29.

Target Stock Performance

Shares of Target stock opened at $98.31 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target has a 52 week low of $87.35 and a 52 week high of $167.40. The firm has a fifty day moving average of $97.93 and a two-hundred day moving average of $121.12. The stock has a market capitalization of $44.67 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.46). Target had a net margin of 4.06% and a return on equity of 31.11%. During the same quarter in the prior year, the firm earned $2.03 earnings per share. As a group, equities research analysts predict that Target will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is 50.56%.

Institutional Trading of Target

A hedge fund recently raised its stake in Target stock. Woodline Partners LP boosted its holdings in shares of Target Co. (NYSE:TGT) by 39.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,712 shares of the retailer’s stock after acquiring an additional 11,047 shares during the period. Woodline Partners LP’s holdings in Target were worth $4,040,000 at the end of the most recent reporting period. 79.73% of the stock is currently owned by institutional investors.

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.