Twelve analysts have provided estimates for Target’s earnings, with the lowest EPS estimate coming in at $0.81 and the highest estimate coming in at $0.90.
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Target Corporation (NYSE:TGT): 13 Analyst have given the stock of Target Corporation (NYSE:TGT) a near short term price target of $83.08.
Target also raised the lower end of its profit outlook for the full fiscal year, saying it now expects earnings per share in a range of $4.65 to $4.75. Jefferies Group also issued estimates for Target’s Q1 2016 earnings at $1.50 EPS, Q2 2016 earnings at $1.22 EPS, Q3 2016 earnings at $1.33 EPS, Q4 2016 earnings at $0.98 EPS, Q1 2017 earnings at $1.68 EPS and FY2017 earnings at $5.20 EPS.
In its most recent quarter Target Corporation had actual sales of $ 17427M. According to the retailer, the quarterly result was in line with the analysts’ expectation. During the same period past year, the business posted $0.54 EPS.
Shares of Target (NYSE:TGT) traded down 4.64% during midday trading on Wednesday, reaching $69.53. Earnings per share is the portion of a company’s profit that is allocated to each outstanding share of common stock. The firm has a 50-day moving average of $76.34 and a 200-day moving average of $79.12.
The move comes after 6 months negative chart setup for the $43.55 billion company. Target has a 52-week low of $66.50 and a 52-week high of $85.81.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.10%.
Target has invested heavily in its digital operations over that last few years and is shoveling out another billion to beef up its e-commerce capacity in 2015. Following the transaction, the insider now owns 12,317 shares in the company, valued at $966,884.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
That matched the number predicted by analysts. Deutsche Bank restated a hold rating and set a $84.00 target price on shares of Target in a research report on Sunday, September 6th. Finally, Citigroup Inc. started coverage on Target in a report on Monday, November 9th. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $6.02. (NYSE:TGT), 5 rate it “Buy”, 1 “Sell”, while 4 “Hold”.
Target Corporation is hip and engaged in providing regular essentials, and identified goods at discounted prices.
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In a conference call, CEO Brian Cornell said the company is banking on its exclusive offers – such as its “Star Wars” merchandise, a special edition of Adele’s new “25” album, and an increase in hand-crafted products – and thinks they’ll be a victor with shoppers from Black Friday to Christmas. The Business sells a variety of general merchandise and food through its shop and digital stations.
