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

Target (NYSE:TGT) released its earnings results on Tuesday. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17, Zacks reports. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target updated its FY 2025 guidance to 8.800-9.800 EPS.

Target Price Performance

Shares of NYSE TGT opened at $116.70 on Thursday. The stock has a market capitalization of $53.47 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.94 and a beta of 1.18. Target has a 12 month low of $112.53 and a 12 month high of $181.86. The firm’s 50 day simple moving average is $132.91 and its 200-day simple moving average is $141.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.84%. Target’s payout ratio is 50.56%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TGT. Bank of America decreased their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday. DA Davidson decreased their price target on shares of Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup decreased their price target on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday. StockNews.com downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price target on shares of Target in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Target has an average rating of “Hold” and an average target price of $148.23.

Institutional Investors Weigh In On Target

A hedge fund recently raised its stake in Target stock. Brighton Jones LLC lifted its position in shares of Target Co. (NYSE:TGT) by 101.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,080 shares of the retailer’s stock after purchasing an additional 3,059 shares during the quarter. Brighton Jones LLC’s holdings in Target were worth $822,000 as of its most recent SEC filing. 79.73% of the stock is currently owned by institutional investors.

About Target

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.