Target (NYSE:TGT) Announces Earnings Results, Beats Estimates By $0.17 EPS

Target (NYSE:TGT) announced its quarterly earnings data on Tuesday. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17, Zacks reports. Target had a return on equity of 31.11% and a net margin of 4.06%. Target updated its FY 2025 guidance to 8.800-9.800 EPS.

Target Trading Down 3.2 %

NYSE:TGT opened at $120.28 on Tuesday. The firm has a market cap of $55.11 billion, a P/E ratio of 12.76, a PEG ratio of 1.94 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $133.54 and its 200-day simple moving average is $142.28. Target has a 12-month low of $119.92 and a 12-month high of $181.86.

Target Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TGT shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price objective on shares of Target in a research note on Friday, January 17th. Piper Sandler decreased their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. BMO Capital Markets decreased their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research note on Wednesday, November 20th. Finally, Truist Financial lifted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Target presently has an average rating of “Hold” and a consensus target price of $157.93.

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.