Target (NYSE:TGT) Updates FY 2025 Earnings Guidance

Key Points

• Target has updated its FY 2025 earnings guidance, forecasting an EPS of 7.000-9.000, which is below the consensus estimate of 7.369.
• The company recently announced a quarterly dividend of $1.12 per share, which results in an annualized yield of 4.2%.
• Research firms have mixed views on Target's stock, with ten analysts giving a Buy rating and others progressively reducing their price targets.

Target (NYSE:TGT - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 7.000-9.000 for the period, compared to the consensus estimate of 7.369. The company issued revenue guidance of -.

Target Stock Up 0.5%

Shares of TGT stock opened at $105.4440 on Wednesday. Target has a twelve month low of $87.35 and a twelve month high of $167.40. The stock has a market cap of $47.91 billion, a P/E ratio of 11.59, a P/E/G ratio of 3.03 and a beta of 1.22. The stock has a 50 day moving average of $102.02 and a 200 day moving average of $104.40. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). Target had a return on equity of 25.59% and a net margin of 3.95%.The firm had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same period in the previous year, the business earned $2.03 EPS. Target's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Target will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.2%. Target's dividend payout ratio (DPR) is 50.11%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TGT. Truist Financial boosted their price objective on Target from $90.00 to $107.00 and gave the company a "hold" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price objective on Target from $105.00 to $109.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Citigroup reduced their price target on Target from $97.00 to $94.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Sanford C. Bernstein downgraded shares of Target from a "market perform" rating to an "underperform" rating and reduced their target price for the stock from $97.00 to $82.00 in a research note on Monday, May 12th. Finally, Barclays reaffirmed an "underweight" rating and set a $91.00 price target on shares of Target in a research report on Monday, July 21st. Ten investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Target presently has a consensus rating of "Hold" and a consensus target price of $115.42.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the transaction, the insider owned 246,453 shares of the company's stock, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

Institutional Trading of Target

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC boosted its stake in shares of Target by 17.1% in the 2nd quarter. Advisory Services Network LLC now owns 21,771 shares of the retailer's stock valued at $2,188,000 after buying an additional 3,179 shares during the period. State of Wyoming increased its position in shares of Target by 16,257.1% in the 2nd quarter. State of Wyoming now owns 1,145 shares of the retailer's stock valued at $113,000 after purchasing an additional 1,138 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Target by 59.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 99,255 shares of the retailer's stock valued at $9,792,000 after purchasing an additional 36,982 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Target during the 2nd quarter worth $133,000. Finally, Binnacle Investments Inc increased its holdings in Target by 11.4% in the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer's stock valued at $100,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

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.

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