Target (NYSE:TGT) will issue its quarterly earnings data before the market opens on Wednesday, May 22nd. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 5th. The retailer reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. Target had a net margin of 3.90% and a return on equity of 25.74%. The firm had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.05 billion. During the same period in the previous year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts expect Target to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of TGT stock opened at $70.89 on Monday. Target has a 52 week low of $60.15 and a 52 week high of $90.39. The company has a market capitalization of $36.54 billion, a PE ratio of 13.10, a P/E/G ratio of 1.94 and a beta of 0.65. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.83 and a quick ratio of 0.20.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.64 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.61%. Target’s dividend payout ratio is presently 47.50%.

In other Target news, insider Cathy R. Smith sold 30,000 shares of Target stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $74.00, for a total transaction of $2,220,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert M. Harrison sold 1,791 shares of Target stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $80.28, for a total transaction of $143,781.48. Following the transaction, the insider now directly owns 12,836 shares in the company, valued at approximately $1,030,474.08. The disclosure for this sale can be found here. Insiders have sold 36,977 shares of company stock worth $2,774,409 in the last ninety days. Insiders own 0.19% of the company’s stock.

TGT has been the subject of a number of research analyst reports. Evercore ISI initiated coverage on shares of Target in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $80.00 price target for the company. Telsey Advisory Group restated an “outperform” rating and set a $92.00 target price (up from $88.00) on shares of Target in a research report on Thursday, April 18th. Gordon Haskett upgraded shares of Target from an “accumulate” rating to a “buy” rating in a research report on Thursday, March 21st. Barclays upgraded shares of Target from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $85.00 to $115.00 in a research report on Monday, April 29th. Finally, Sanford C. Bernstein restated a “mkt perform” rating on shares of Target in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $88.29.

COPYRIGHT VIOLATION NOTICE: “Target (TGT) to Release Quarterly Earnings on Wednesday” was posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.dailypolitical.com/2019/05/19/target-tgt-to-release-quarterly-earnings-on-wednesday.html.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

Recommended Story: How to interpret a stock’s beta number

Earnings History for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.