Target (TGT) Projected to Post Earnings on Tuesday

Target (NYSE:TGT) is expected to post its earnings results before the market opens on Tuesday, March 4th. Analysts expect Target to post earnings of $2.24 per share and revenue of $30.83 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Target Price Performance

Shares of TGT opened at $126.11 on Tuesday. The firm has a market capitalization of $57.79 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.94 and a beta of 1.15. The firm’s fifty day simple moving average is $134.28 and its 200-day simple moving average is $142.75. Target has a twelve month low of $120.21 and a twelve month 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TGT shares. Stifel Nicolaus increased their price objective on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Wells Fargo & Company dropped their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Sanford C. Bernstein upped their target price on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price target on shares of Target in a research report on Friday, January 17th. Finally, Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.70.

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.