Target (NYSE:TGT) Updates FY25 Earnings Guidance

Target (NYSE:TGT) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $8.60-9.60 for the period, compared to the consensus earnings per share estimate of $9.49. Target also updated its FY 2024 guidance to 8.600-9.600 EPS.

Target Stock Performance

Shares of TGT opened at $142.65 on Thursday. The firm has a 50-day moving average of $165.70 and a 200-day moving average of $149.38. Target has a one year low of $102.93 and a one year high of $181.86. The company has a market cap of $65.99 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.02). The company had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $24.52 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 EPS. As a group, equities analysts forecast that Target will post 9.43 earnings per share for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 49.27%.

Analyst Upgrades and Downgrades

TGT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Target from $206.00 to $209.00 in a report on Tuesday. StockNews.com raised shares of Target from a buy rating to a strong-buy rating in a report on Monday, May 13th. Citigroup raised shares of Target from a neutral rating to a buy rating and set a $180.00 price objective for the company in a report on Tuesday, May 7th. Bank of America boosted their price objective on shares of Target from $160.00 to $190.00 and gave the company a buy rating in a report on Wednesday, March 6th. Finally, Tigress Financial boosted their target price on shares of Target from $180.00 to $210.00 and gave the company a buy rating in a research report on Wednesday, March 27th. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $181.31.

Insider Buying and Selling

In related news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock valued at $8,819,598 over the last ninety days. 0.23% of the stock is owned by corporate insiders.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.