Quarterly Dividend of $0.36 Announced by Target (TGT)
Target (NYSE:TGT) announced a quarterly dividend on Thursday, January 10th. Shareholders of record on Wednesday, February 20th will be paid a dividend of $0.36 per share on Sunday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 2.39%.
TGT has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott upgraded shares of Target from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 4th. They now have a $72.00 price target on the stock. On a related note, analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Target in a research note to investors on Wednesday, January 2nd. They now have a $74.00 price target on the stock, down previously from $76.00. Finally, analysts at Jefferies Group downgraded shares of Target from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, January 2nd. They now have a $59.00 price target on the stock, down previously from $74.00.
Twelve equities research analysts have rated the stock with a buy rating, three have given an overweight rating, and nine have issued a hold rating to the company’s stock. Target has a consensus rating of “overweight” and a consensus target price of $70.29.
Shares of Target (TGT) opened at 60.18 on Thursday. Target (TGT) has a one year low of $48.74 and a one year high of $65.80. The stock’s 50-day moving average is currently $61.23. The company has a market cap of $39.165 billion and a P/E ratio of 13.34.
Target last posted its quarterly earnings results on Thursday, November 15th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.13. The company had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $16.58 billion. Analysts expect that Target (TGT) will post $4.40 EPS for the current fiscal year.
Target Corporation (Target) operates in three segments: U.S. Retail, U.S. Credit Card and Canadian. As a component of the U.
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