Target (NYSE:TGT) Updates FY 2025 Earnings Guidance

Target (NYSE:TGT) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 7.000-8.000 for the period, compared to the consensus EPS estimate of 7.320. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of brokerages have weighed in on TGT. Wolfe Research started coverage on shares of Target in a research report on Thursday, September 18th. They issued an “underperform” rating and a $80.00 target price on the stock. Guggenheim reissued a “buy” rating and set a $115.00 price objective on shares of Target in a report on Monday, October 27th. UBS Group reduced their price objective on Target from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 21st. Bank of America reiterated an “underperform” rating and issued a $93.00 target price (down from $105.00) on shares of Target in a research report on Friday, August 15th. Finally, Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Nine investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $106.38.

Target Stock Down 2.9%

Shares of TGT opened at $85.94 on Thursday. The stock’s 50-day moving average price is $90.34 and its two-hundred day moving average price is $96.02. Target has a 12 month low of $85.30 and a 12 month high of $145.08. The company has a market capitalization of $39.05 billion, a PE ratio of 10.02, a PEG ratio of 2.74 and a beta of 1.19. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. The company had revenue of $25.28 billion during the quarter, compared to the consensus estimate of $25.44 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, analysts anticipate that Target will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a $1.14 dividend. This is an increase from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.3%. Target’s dividend payout ratio is presently 53.15%.

Hedge Funds Weigh In On Target

Hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its position in Target by 77.1% during the third quarter. Sunbelt Securities Inc. now owns 5,784 shares of the retailer’s stock valued at $519,000 after acquiring an additional 2,518 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Target by 0.5% in the 3rd quarter. Captrust Financial Advisors now owns 154,840 shares of the retailer’s stock worth $13,889,000 after acquiring an additional 731 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Target by 7.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,972 shares of the retailer’s stock valued at $715,000 after purchasing an additional 552 shares during the period. Danske Bank A S bought a new stake in shares of Target during the 3rd quarter valued at about $18,675,000. Finally, Advisory Services Network LLC grew its stake in Target by 12.9% during the third quarter. Advisory Services Network LLC now owns 24,578 shares of the retailer’s stock worth $2,205,000 after purchasing an additional 2,807 shares during the period. Institutional investors own 79.73% of the company’s stock.

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.