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

Target (NYSE:TGT) posted its quarterly earnings results on Tuesday. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 Performance

Target stock opened at $120.28 on Tuesday. The firm has a market capitalization of $55.11 billion, a P/E ratio of 12.76, a PEG ratio of 1.94 and a beta of 1.15. The stock has a fifty day moving average price of $133.54 and a 200 day moving average price of $142.28. Target has a 52 week low of $119.92 and a 52 week high of $181.86. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were paid a $1.12 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.72%. Target’s payout ratio is currently 47.51%.

Analysts Set New Price Targets

TGT has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Target from $139.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research note on Wednesday, November 20th. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Daiwa Capital Markets downgraded 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 research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.