Target (NYSE:TGT – Get Free Report) announced its quarterly earnings data on Wednesday. The retailer reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39, RTT News reports. Target had a return on equity of 31.91% and a net margin of 3.87%. The company had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. During the same quarter last year, the firm posted $1.80 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis.
Target Stock Up 1.1 %
TGT stock traded up $1.68 during midday trading on Friday, hitting $158.50. The company’s stock had a trading volume of 3,159,396 shares, compared to its average volume of 4,059,469. The firm has a 50-day simple moving average of $145.60 and a 200-day simple moving average of $154.45. The firm has a market capitalization of $73.33 billion, a P/E ratio of 17.61, a PEG ratio of 1.38 and a beta of 1.19. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. Target has a 52-week low of $102.93 and a 52-week high of $181.86.
Target Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a dividend of $1.12 per share. This is an increase from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio is presently 50.28%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on TGT
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.
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