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

Target (NYSE:TGT) announced its quarterly earnings results on Tuesday. The retailer reported $2.41 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 Stock Down 3.2 %

Shares of TGT opened at $120.28 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a 50-day simple moving average of $133.54 and a 200-day simple moving average of $142.28. Target has a 52 week low of $119.92 and a 52 week high of $181.86. The firm has a market capitalization of $55.11 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on TGT shares. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company lowered their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 target price on shares of Target in a research report on Friday, January 17th. Finally, Truist Financial boosted their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently 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.