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. Investors of record on Wednesday, August 16th will be given 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 4.18%. The ex-dividend date of this dividend 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 earnings results on Wednesday, August, 16th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.20 by $0.03. The company earned $16.43 billion during the quarter, compared to the consensus estimate of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The firm's revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 earnings per share. View Target Corporation's Earnings History.

Target Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, November, 15th 2017. View Earnings Estimates for Target Corporation.

Target Corporation issued an update on its FY18 earnings guidance on Wednesday, August, 16th. The company provided EPS guidance of $4.34-4.54 for the period, compared to the Thomson Reuters consensus estimate of $4.39. Target Corporation also updated its Q3 guidance to $0.75-0.95 EPS.

23 brokers have issued twelve-month target prices for Target Corporation's stock. Their predictions range from $28.00 to $78.00. On average, they expect Target Corporation's share price to reach $62.05 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’s initiatives such as the development of omni-channel capacities, diversification and localization of assortments along with emphasis on flexible format stores bode well for the stock that outpaced the industry in the past three months. Management plans to expand its merchandise assortments with special emphasis on Style, Baby, Kids, and Wellness categories that are performing well. Moreover, Target is also concentrating on rationalization of supply chain, technology and process improvements. These initiatives helped it to continue with its upbeat performance in fiscal 2017 as reflected from impressive second-quarter results and an encouraging earnings outlook. These endeavours are also important due to changing retail landscape that encompasses increasing online penetration and aggressive pricing that may hurt sales and margins. The company expects fiscal 2017 comparable sales growth to be in a range around flat, plus or minus 1%." (8/21/2017)
• 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 increase in short interest during the month of August. As of August 31st, there was short interest totalling 54,474,466 shares, an increase of 6.6% from the August 15th total of 51,117,503 shares. Based on an average trading volume of 9,077,462 shares, the days-to-cover ratio is presently 6.0 days. Approximately 10.0% of the shares of the stock are sold short.

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

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
• Minsok Pak, Executive Vice President, Chief Strategy and Innovation Officer

Target Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (9.42%), BlackRock Inc. (8.37%), Vanguard Group Inc. (6.73%), Franklin Resources Inc. (3.83%), Dodge & Cox (3.63%) and Capital World Investors (2.52%). 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, Hourigan Rice Jacqueline, 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 FMR LLC, APG Asset Management N.V., Fayez Sarofim & Co., Capital World Investors, BlackRock Inc., Lord Abbett & CO. LLC, Bank of New York Mellon Corp and Great West Life Assurance Co. Can. Company insiders that have sold Target Corporation stock in the last year include Anne M Mulcahy, Hourigan Rice Jacqueline, Robert M Harrison and Roxanne S Austin. View Insider Buying and Selling for Target Corporation.

Target Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Dodge & Cox, Capital Research Global Investors, Franklin Resources Inc., Prudential Financial Inc., Bahl & Gaynor Inc., Smead Capital Management Inc., Hexavest Inc. and State Street Corp. 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 $59.35.