Target (NYSE:TGT) Issues FY 2025 Earnings Guidance

Target (NYSE:TGT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 8.800-9.800 for the period, compared to the consensus EPS estimate of 9.270. The company issued revenue guidance of $107.6 billion-$107.6 billion, compared to the consensus revenue estimate of $106.4 billion.

Target Stock Performance

Shares of NYSE TGT opened at $117.05 on Wednesday. The firm has a market capitalization of $53.63 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.94 and a beta of 1.15. Target has a one year low of $112.53 and a one year high of $181.86. The business has a fifty day simple moving average of $133.23 and a 200 day simple moving average of $142.09. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Sell-side analysts expect that Target will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.83%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TGT shares. Stifel Nicolaus lifted their target price on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Roth Mkm reduced their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Target in a report on Monday, November 25th. Finally, Citigroup increased their price objective on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $156.43.

Institutional Investors Weigh In On Target

An institutional investor recently raised its position in Target stock. Brighton Jones LLC increased its stake in Target Co. (NYSE:TGT) by 101.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,080 shares of the retailer’s stock after purchasing an additional 3,059 shares during the period. Brighton Jones LLC’s holdings in Target were worth $822,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 79.73% of the company’s stock.

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.