Brokerages predict that Target Co. (NYSE:TGT) will report $1.11 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Target’s earnings. The highest EPS estimate is $1.15 and the lowest is $1.09. Target posted earnings per share of $0.91 in the same quarter last year, which would suggest a positive year over year growth rate of 22%. The business is expected to announce its next earnings report before the market opens on Tuesday, November 20th.

On average, analysts expect that Target will report full-year earnings of $5.41 per share for the current year, with EPS estimates ranging from $5.32 to $5.51. For the next fiscal year, analysts anticipate that the company will post earnings of $5.66 per share, with EPS estimates ranging from $5.55 to $5.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Target.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, November 20th. The retailer reported $1.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.02). The firm had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.81 billion. Target had a net margin of 4.19% and a return on equity of 24.29%. Target’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share.

Several research analysts have weighed in on TGT shares. KeyCorp started coverage on shares of Target in a report on Friday. They set an “overweight” rating and a $110.00 price objective for the company. Wells Fargo & Co raised their price target on shares of Target from $72.00 to $90.00 and gave the stock a “market perform” rating in a research report on Thursday, August 23rd. UBS Group raised their price target on shares of Target from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, August 23rd. Gordon Haskett upgraded shares of Target from a “hold” rating to an “accumulate” rating in a research report on Wednesday, July 25th. Finally, Credit Suisse Group set a $86.00 price target on shares of Target and gave the stock a “hold” rating in a research report on Saturday, August 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $90.38.

TGT stock traded down $8.19 during mid-day trading on Thursday, hitting $69.60. 752,503 shares of the company were exchanged, compared to its average volume of 5,130,371. The firm has a market cap of $41.94 billion, a P/E ratio of 14.76, a P/E/G ratio of 2.19 and a beta of 0.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.82 and a quick ratio of 0.17. Target has a twelve month low of $55.25 and a twelve month high of $90.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be paid a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $2.56 annualized dividend and a dividend yield of 3.68%. Target’s dividend payout ratio is currently 54.35%.

In other news, insider Stephanie A. Lundquist sold 2,100 shares of Target stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $86.00, for a total value of $180,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Janna A. Potts sold 15,172 shares of Target stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $88.00, for a total transaction of $1,335,136.00. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TGT. AQR Capital Management LLC increased its position in shares of Target by 114.5% in the third quarter. AQR Capital Management LLC now owns 10,474,816 shares of the retailer’s stock worth $923,984,000 after acquiring an additional 5,590,395 shares in the last quarter. Swedbank acquired a new stake in shares of Target during the third quarter worth approximately $198,324,000. BlackRock Inc. boosted its holdings in shares of Target by 5.3% during the second quarter. BlackRock Inc. now owns 42,770,603 shares of the retailer’s stock worth $3,255,697,000 after purchasing an additional 2,161,982 shares during the period. Bank of Montreal Can acquired a new stake in shares of Target during the second quarter worth approximately $105,222,000. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Target by 61.7% during the third quarter. OppenheimerFunds Inc. now owns 2,025,519 shares of the retailer’s stock worth $178,671,000 after purchasing an additional 773,180 shares during the period. 83.13% of the stock is currently owned by institutional investors and hedge funds.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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