Target (NYSE:TGT – Get Rating) will announce its earnings results before the market opens on Wednesday, May 18th. Analysts expect the company to announce earnings of $3.06 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Target (NYSE:TGT – Get Rating) last issued its quarterly earnings results on Tuesday, March 1st. The retailer reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.33. The company had revenue of $31 billion during the quarter, compared to the consensus estimate of $31.40 billion. Target had a return on equity of 47.35% and a net margin of 6.55%. Target’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the company earned $2.67 earnings per share. On average, analysts expect Target to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.
Shares of TGT opened at $219.11 on Wednesday. The company has a market cap of $101.60 billion, a PE ratio of 15.57, a P/E/G ratio of 0.94 and a beta of 0.94. The business has a fifty day moving average of $225.53 and a 200 day moving average of $229.12. Target has a 52-week low of $184.00 and a 52-week high of $268.98. The company has a quick ratio of 0.35, a current ratio of 0.99 and a debt-to-equity ratio of 1.06.
In other Target news, insider Brian C. Cornell sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $216.35, for a total value of $6,490,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cara A. Sylvester sold 2,030 shares of the firm’s stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $250.00, for a total transaction of $507,500.00. Following the completion of the sale, the insider now owns 7,891 shares of the company’s stock, valued at $1,972,750. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,363 shares of company stock worth $21,970,253. 0.29% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TGT. EverSource Wealth Advisors LLC acquired a new stake in Target in the fourth quarter valued at approximately $28,000. Carroll Investors Inc acquired a new stake in Target in the fourth quarter valued at approximately $54,000. OLD Mission Capital LLC acquired a new stake in shares of Target during the third quarter worth $200,000. Crestwood Advisors Group LLC lifted its stake in shares of Target by 13.3% during the fourth quarter. Crestwood Advisors Group LLC now owns 1,100 shares of the retailer’s stock worth $255,000 after buying an additional 129 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Target by 6.2% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,443 shares of the retailer’s stock worth $565,000 after buying an additional 143 shares during the period. Institutional investors own 81.83% of the company’s stock.
A number of brokerages recently issued reports on TGT. Deutsche Bank Aktiengesellschaft lowered their price target on Target from $353.00 to $305.00 and set a “buy” rating for the company in a research report on Monday, February 28th. UBS Group lifted their target price on Target from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, March 2nd. Jefferies Financial Group decreased their target price on Target from $260.00 to $252.00 and set a “hold” rating for the company in a research report on Wednesday, March 2nd. Raymond James decreased their target price on Target from $290.00 to $275.00 and set a “strong-buy” rating for the company in a research report on Thursday, March 3rd. Finally, StockNews.com downgraded Target from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 30th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Target currently has an average rating of “Buy” and a consensus price target of $277.23.
Target Company Profile (Get Rating)
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home dÃ©cor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.
- Get a free copy of the StockNews.com research report on Target (TGT)
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