Target (NYSE:TGT) Posts Earnings Results, Misses Expectations By $0.35 EPS

Target (NYSE:TGT - Get Free Report) released its quarterly earnings data on Wednesday. The retailer reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35), RTT News reports. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. During the same quarter in the prior year, the company posted $2.03 EPS. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. Target updated its FY 2025 guidance to 7.000-9.000 EPS.

Target Stock Down 0.8%

Shares of Target stock traded down $0.76 on Monday, hitting $94.30. The company had a trading volume of 7,371,358 shares, compared to its average volume of 6,007,003. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market capitalization of $42.85 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 1.94 and a beta of 1.27. The stock has a 50 day moving average of $97.28 and a 200-day moving average of $119.76. Target has a 1 year low of $87.35 and a 1 year high of $167.40.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.75%. Target's dividend payout ratio (DPR) is currently 49.23%.

Institutional Investors Weigh In On Target

An institutional investor recently raised its position in Target stock. Woodline Partners LP increased its stake in Target Co. (NYSE:TGT - Free Report) by 39.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 38,712 shares of the retailer's stock after buying an additional 11,047 shares during the quarter. Woodline Partners LP's holdings in Target were worth $4,040,000 at the end of the most recent quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TGT has been the topic of a number of analyst reports. KGI Securities set a $132.00 price target on shares of Target in a research report on Wednesday, March 5th. DA Davidson cut their target price on shares of Target from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday. Mizuho reduced their price target on shares of Target from $92.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday. Piper Sandler set a $94.00 target price on shares of Target and gave the stock a "neutral" rating in a report on Thursday. Finally, Barclays assumed coverage on Target in a research report on Thursday. They set an "equal weight" rating for the company. Two equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Target presently has a consensus rating of "Hold" and a consensus price target of $117.97.

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.