Target Corporation (NASDAQ:TGT) To Report Earnings

Target Corporation (NASDAQ:TGT) To Report Earnings

Buckingham Research's target price would suggest a potential upside of 17.76% from the stock's previous close.

LN has been the subject of a number of analyst reports.

Heading into the earnings release, covering analysts have a consensus target price of $60.35 on Target Corporation shares. BidaskClub raised shares of Target Corporation from a sell rating to a hold rating in a research note on Monday, July 31st. The company presently has an average rating of Hold and a consensus price target of $64.06.

Target's shares traded down 4.4% in Wednesday's premarket, at $57.38 in a 52-week range of $48.56 to $79.33. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company's stock. LINE Corporation has a 52-week low of $30.90 and a 52-week high of $44.16.

Target Corporation (TGT) opened at $60.09 on Wednesday. The firm has a market cap of $33,538.63, a P/E ratio of 12.45, a P/E/G ratio of 2.90 and a beta of 0.63. The stock has a 50 day moving average of $74.51 and a 200-day moving average of $71.99. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%.

The Minneapolis-based retail chain reported Q3 earnings per share (EPS) of $0.91, which was $0.05 better than the Wall Street consensus estimate of $0.86.

Revenues rose 1.4% from past year to $16.67 billion, compared with analysts' view for $16.61 billion.

Net income fell to $480 million, or 88 cents per share, in the third quarter ended October 28, from $608 million, or $1.06 per share, a year earlier, on higher selling and general expenses.

In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business's stock in a transaction that occurred on Friday, September 15th. On average, equities analysts forecast that Target Corp. will post $5.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be given a $0.62 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 annualized dividend and a yield of 4.11%. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hedge funds have recently added to or reduced their stakes in the stock. During the same quarter past year, the firm earned $1.23 EPS. Fiera Capital Corp now owns 4,888 shares of the retailer's stock valued at $256,000 after buying an additional 19 shares in the last quarter. Jolley Asset Management LLC now owns 3,455 shares of the retailer's stock valued at $181,000 after buying an additional 75 shares in the last quarter. TN purchased a new stake in shares of Target Corporation in the second quarter valued at approximately $234,000. Boston Private Wealth LLC now owns 53,455 shares of the retailer's stock valued at $2,795,000 after purchasing an additional 2,285 shares during the period. Digital channel sales rose 24% and contributed 0.8 points to same-store sales growth.