Target Corporation Company Profile (NYSE:TGT)

Target Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGT."

Target Corporation declared a quarterly dividend on Wednesday, June 14th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.62 per share on Sunday, September 10th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date is Monday, August 14th. This is a positive change from Target Corporation's previous quarterly dividend of $0.60. View Target Corporation's Dividend History.

Target Corporation (NYSE:TGT) announced its quarterly earnings data on Wednesday, May, 17th. The company reported $1.21 EPS for the quarter, beating the Zacks' consensus estimate of $0.91 by $0.30. The business had revenue of $16.02 billion for the quarter, compared to analysts' expectations of $15.63 billion. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 EPS. View Target Corporation's Earnings History.

Target Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, August, 16th 2017. View Earnings Estimates for Target Corporation.

Target Corporation issued an update on its second quarter earnings guidance on Wednesday, May, 17th. The company provided EPS guidance of 0.95-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.00. Target Corporation also updated its FY18 guidance to $3.80-4.20 EPS.

27 analysts have issued 1 year price objectives for Target Corporation's stock. Their predictions range from $28.00 to $87.00. On average, they expect Target Corporation's share price to reach $64.00 in the next year. View Analyst Ratings for Target Corporation.

Here are some recent quotes from research analysts about Target Corporation stock:

• 1. According to Zacks Investment Research, "Target commenced fiscal 2017 on a high note with both top and bottom lines surpassing expectations. Better-than-expected results provided much needed impetus to the stock that came under pressure after dismal performance in the final quarter of fiscal 2016. The quarter did witness a sluggish start but it gradually picked up in the later part. We believe that the initiatives such as the development of omni-channel capacities, diversification and localization of assortments along with emphasis on flexible format stores, bode well. However, waning top and bottom lines continue to remain a concern. Moreover, management now expects low single digit decline in comparable sales during the second quarter and fiscal 2017. Further, it now envisions fiscal 2017 adjusted earnings to come ahead of the midpoint of the previous guidance range but still down from the prior year." (6/6/2017)
• 2. Stifel Nicolaus analysts commented, "Earlier today Target Corporation reported results largely inline with negatively preannounced levels but most notably issued first-time 2017 guidance meaningfully below consensus. The company anticipates comparable store sales to decline in the low-single-digits, with adjusted EPS of $3.80-$4.20, compared to consensus coming into today of 0.4% comp store sales growth and EPS of $5.32. The cut reflects a meaningful change in business model, including considerable investment in gross margin and exclusive physical and digital assets, in total negatively impacting EBIT by $1.0bn in 2017, compared to $5.0bn of EBIT in 2016." (3/1/2017)
• 3. Instinet analysts commented, "seismic shift"Analyst Jessica Schoen Mace commented, "Today we attended Target's 2017 Financial Community in NYC where mgmt. set the stage for a multiphase, multi-year transition for the business which involves investment in price, stores, brands and supply chain, and is expected to have a $1bn negative impact on EBIT in 2017. Management acknowledged the "seismic" shift occurring in retail, and appears to be embracing a new reality with its strategies. Our near- and medium-term concerns include: the absence of a timeframe for this transformation to take place and the reliance on price to drive traffic in light of very priced-focused competition. While this may be a case of short-term pain for long-term gain, we remain unclear on the path to profitable market-share gains across both channels following this reset. We lower our FY17 EPS to $4.00 and our target price to $60." (3/1/2017)
• 4. Jefferies Group LLC analysts commented, "There was a certain familiarity with TGT's actions today and resulting share price decline. WMT had a similar event in the fall of 2015. While there are similarities, there are also clear differences in the strategies and we think change at WMT was greater. Nonetheless, TGT is planning constructive changes through store remodels, price strategy changes, new brands, supply chain optimization and cost reductions." (3/1/2017)
• 5. Cowen and Company analysts commented, "TGT is now reimagining, repositioning, & reinventing retail as we believe customer changes are occurring faster than expected with high demands for ease, value, & inspiration. Significant price investment, store remodels and small format growth, a smarter supply chain, & digital infrastructure growth are key long-view efforts." (2/28/2017)

Target Corporation saw a decrease in short interest in May. As of May 31st, there was short interest totalling 34,925,827 shares, a decrease of 6.5% from the May 15th total of 37,361,020 shares. Based on an average daily trading volume, of 9,620,953 shares, the days-to-cover ratio is currently 3.6 days. Currently, 6.3% of the shares of the company are short sold.

Some companies that are related to Target Corporation include TJX Companies, Inc. (The) (TJX), Kering Unspon (PPRUY), Wal-Mart de Mexico SAB de CV (WMMVY), Hennes & Mauritz AB (HNNMY), eBay (EBAY), Compass Group PLC (CMPGY), Ctrip.com International (CTRP), Expedia (EXPE), Ross Stores (ROST), Kroger Company (The) (KR), O'Reilly Automotive (ORLY), Dollar General Corporation (DG), Carrefour Sa Spon (CRRFY), Tesco PLC (TSCDY), Koninklijke Ahold Delhaize NV (AHONY), AutoZone (AZO), Dollar Tree (DLTR) and L Brands (LB).

Target Corporation's management team includes the folowing people:

• Brian C. Cornell, Chairman of the Board, Chief Executive Officer
• Catherine R. Smith, Chief Financial Officer, Executive Vice President
• John J. Mulligan, Chief Operating Officer, Executive Vice President
• Stephanie A. Lundquist, Chief Human Resource Officer, Executive Vice President
• Michael Edward McNamara, Executive Vice President, Chief Information Officer
• Rick Gomez, Executive Vice President, Chief Marketing Officer
• Jacqueline Hourigan Rice, Executive Vice President, Chief Compliance Officer, Chief Risk Officer
• Don H. Liu J.D., Executive Vice President, Corporate Secretary, hief Legal Officer
• Casey L. Carl, Executive Vice President, Chief Strategy and Innovation Officer
• Janna A. Potts, Executive Vice President, Chief Stores Officer

Target Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (9.26%), BlackRock Inc. (8.51%), Vanguard Group Inc. (6.70%), FMR LLC (2.13%), Barrow Hanley Mewhinney & Strauss LLC (1.87%) and Bank of New York Mellon Corp (1.73%). Company insiders that own Target Corporation stock include Anne M Mulcahy, Calvin Darden, Catherine R Smith, Cathy R Smith, Don H Liu, Donald R Knauss, John J Mulligan, Laysha Ward, Robert L Edwards, Robert M Harrison, Roxanne S Austin and Timothy R Baer. View Institutional Ownership Trends for Target Corporation.

Target Corporation's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Vanguard Group Inc., FMR LLC, Renaissance Technologies LLC, TIAA CREF Investment Management LLC, Levin Capital Strategies L.P., Principal Financial Group Inc. and Bahl & Gaynor Inc.. Company insiders that have sold Target Corporation stock in the last year include Anne M Mulcahy and Roxanne S Austin. View Insider Buying and Selling for Target Corporation.

Target Corporation's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Barrow Hanley Mewhinney & Strauss LLC, Bank of New York Mellon Corp, Schroder Investment Management Group, Geode Capital Management LLC, OppenheimerFunds Inc., Swiss National Bank and O Shaughnessy Asset Management LLC. Company insiders that have bought Target Corporation stock in the last two years include Catherine R Smith, Cathy R Smith, Don H Liu, Donald R Knauss and Robert L Edwards. View Insider Buying and Selling for Target Corporation.

Shares of Target Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Target Corporation stock can currently be purchased for approximately $50.63.