Target (TGT) to Release Quarterly Earnings on Wednesday
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.
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.
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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.
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