Target (NYSE:TGT) Issues FY 2025 Earnings Guidance

Target (NYSE:TGT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 8.800-9.800 for the period, compared to the consensus EPS estimate of 9.270. The company issued revenue guidance of $107.6 billion-$107.6 billion, compared to the consensus revenue estimate of $106.4 billion.

Target Stock Performance

Shares of TGT opened at $116.70 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target has a one year low of $112.53 and a one year high of $181.86. The company has a 50-day simple moving average of $132.91 and a two-hundred day simple moving average of $141.92. The firm has a market capitalization of $53.47 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. On average, analysts anticipate that Target will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.84%. Target’s payout ratio is 50.56%.

Analyst Ratings Changes

TGT has been the subject of several recent research reports. Evercore ISI lowered their target price on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a report on Wednesday. Telsey Advisory Group decreased their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday. Piper Sandler decreased their price objective on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday. Bank of America decreased their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $148.23.

Hedge Funds Weigh In On Target

A hedge fund recently raised its stake in Target stock. Brighton Jones LLC boosted its holdings in shares of Target Co. (NYSE:TGT) by 101.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,080 shares of the retailer’s stock after buying an additional 3,059 shares during the quarter. Brighton Jones LLC’s holdings in Target were worth $822,000 as of its most recent SEC filing. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.