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. Stockholders 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 annualized dividend and a dividend yield of 4.52%. 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) posted its quarterly earnings data on Wednesday, May, 17th. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.91 by $0.30. The company had revenue of $16.02 billion for the quarter, compared to analysts' expectations of $15.63 billion. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. The firm's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. 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 updated its second quarter earnings guidance on Thursday, July, 13th. The company provided earnings per share guidance of above $0.95-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.06.

27 brokerages have issued 12 month price objectives for Target Corporation's stock. Their predictions range from $28.00 to $87.00. On average, they expect Target Corporation's stock price to reach $63.38 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 increase in short interest in June. As of June 30th, there was short interest totalling 44,327,206 shares, an increase of 28.8% from the June 15th total of 34,427,515 shares. Based on an average trading volume of 11,211,796 shares, the days-to-cover ratio is presently 4.0 days. Currently, 8.0% of the company's shares are short sold.

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

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 a variety of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.53%), US Bancorp DE (0.32%), Focused Investors LLC (0.29%), Bank of Montreal Can (0.24%), Hexavest Inc. (0.14%) and Chevy Chase Trust Holdings Inc. (0.13%). 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 APG Asset Management N.V., CWM LLC, Focused Investors LLC, Chevy Chase Trust Holdings Inc., Jacobs & Co. CA, US Bancorp DE, Webster Bank N. A. and Pennsylvania Trust Co. Company insiders that have sold Target Corporation stock in the last year include Anne M Mulcahy, Robert M Harrison 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 Hexavest Inc., First Quadrant L P CA, Bank of Montreal Can, Randolph Co Inc, Mn Services Vermogensbeheer B.V., Park National Corp OH, National Pension Service and NN Investment Partners Holdings N.V.. 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 $54.84.