Wall Street analysts forecast that Target Co. (NYSE:TGT) will report earnings per share (EPS) of $1.61 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Target’s earnings, with the lowest EPS estimate coming in at $1.57 and the highest estimate coming in at $1.64. Target posted earnings of $1.47 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 9.5%. The firm is scheduled to report its next earnings results on Wednesday, August 28th.

According to Zacks, analysts expect that Target will report full year earnings of $5.92 per share for the current year, with EPS estimates ranging from $5.75 to $6.03. For the next fiscal year, analysts anticipate that the company will report earnings of $6.32 per share, with EPS estimates ranging from $6.07 to $6.54. Zacks’ EPS averages are an average based on a survey of research analysts that follow Target.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 22nd. The retailer reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.10. The company had revenue of $17.63 billion for the quarter, compared to analysts’ expectations of $17.49 billion. Target had a net margin of 3.96% and a return on equity of 26.48%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Several equities analysts have recently issued reports on the stock. Bank of America set a $105.00 price objective on shares of Target and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Barclays reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Target in a research note on Thursday, May 30th. Credit Suisse Group set a $90.00 price objective on shares of Target and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Zacks Investment Research raised shares of Target from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Friday, March 8th. Finally, Sanford C. Bernstein cut shares of Target from an “outperform” rating to a “market perform” rating and set a $76.05 price objective on the stock. in a research note on Thursday, May 2nd. Twelve analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $89.33.

Shares of TGT opened at $87.85 on Friday. The company has a market capitalization of $44.85 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.07 and a beta of 0.57. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.19 and a current ratio of 0.88. Target has a 12-month low of $60.15 and a 12-month high of $90.39.

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Tuesday, May 14th. Target’s payout ratio is 47.50%.

In other Target news, insider Janna A. Potts sold 8,759 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $79.00, for a total value of $691,961.00. Following the completion of the transaction, the insider now directly owns 27,720 shares in the company, valued at $2,189,880. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Edward Mcnamara sold 5,186 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $79.18, for a total transaction of $410,627.48. Following the completion of the transaction, the insider now owns 77,550 shares of the company’s stock, valued at $6,140,409. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,736 shares of company stock valued at $1,246,370. Corporate insiders own 0.19% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Phocas Financial Corp. acquired a new stake in shares of Target during the fourth quarter worth approximately $25,000. CI Investments Inc. acquired a new stake in shares of Target during the fourth quarter worth approximately $27,000. Loeb Partners Corp acquired a new stake in shares of Target during the fourth quarter worth approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of Target by 62.2% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 365 shares of the retailer’s stock worth $29,000 after purchasing an additional 140 shares during the period. Finally, Advisory Alpha LLC acquired a new stake in shares of Target during the first quarter worth approximately $30,000. Institutional investors own 83.47% of the company’s stock.

About Target

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 d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Earnings History and Estimates for Target (NYSE:TGT)

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