A number of research firms have changed their ratings and price targets for Target Corp. (NYSE: TGT):
Shares of Target Corp. (NYSE:TGT) traded down 2.18% during midday trading on Thursday, reaching $65.39. The company’s stock had a trading volume of 12,273,738 shares. The company has a market cap of $36.73 billion, a P/E ratio of 11.64 and a beta of 0.62. Target Corp. has a 12-month low of $65.06 and a 12-month high of $84.14. The stock’s 50-day moving average price is $74.51 and its 200-day moving average price is $71.99.
Target Corp. (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 16th. The retailer reported $1.04 earnings per share for the quarter, topping 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 company had revenue of $16.44 billion for the quarter, compared to the consensus estimate of $16.30 billion. During the same quarter in the prior year, the business earned $0.86 EPS. Target Corp.’s revenue was down 6.7% on a year-over-year basis. On average, analysts expect that Target Corp. will post $5.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Wednesday, February 15th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, February 13th. This represents a $2.40 annualized dividend and a yield of 3.67%. Target Corp.’s dividend payout ratio (DPR) is 42.93%.
In other Target Corp. news, Director Anne M. Mulcahy sold 3,957 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $75.45, for a total transaction of $298,555.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.25% of the stock is owned by corporate insiders.
Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.