Several analysts have recently updated their ratings and price targets for Target Corp. (NYSE: TGT):
Shares of Target Corp. (NYSE:TGT) traded up 0.17% during mid-day trading on Friday, reaching $78.61. The company’s stock had a trading volume of 2,543,818 shares. The firm has a market cap of $44.31 billion, a PE ratio of 13.99 and a beta of 0.59. Target Corp. has a one year low of $65.50 and a one year high of $84.14. The firm’s 50 day moving average is $69.82 and its 200 day moving average is $70.67.
Target Corp. (NYSE:TGT) last announced its earnings results on Wednesday, November 16th. The retailer reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.21. Target Corp. had a return on equity of 25.18% and a net margin of 4.75%. The business earned $16.44 billion during the quarter, compared to analyst estimates of $16.30 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities analysts anticipate that Target Corp. will post $5.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 3.05%. Target Corp.’s dividend payout ratio (DPR) is presently 42.93%.