Target Corporation (NASDAQ:TGT) To Report Earnings

Target Corporation - TGT - Stock Price Today - Zacks

A number of other equities research analysts also recently issued reports on TGT. BMO Capital Markets restated a "market weight" rating on shares of Target Corporation in a research note on Thursday, September 14th. Zacks Investment Research downgraded shares of Target Corporation from a "buy" rating to a "hold" rating in a research note on Monday, October 23rd. State Street Corp now owns 51,944,505 shares of the retailer's stock worth $2,716,176,000 after buying an additional 775,265 shares during the last quarter. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $60.00 price target (up previously from $58.00) on shares of Target Corporation in a research note on Friday, August 18th. After a recent check, company stock has been trading near the $59.21 mark. Franklin Resources Inc. boosted its holdings in shares of Target Corporation by 8.7% during the second quarter. The relative volume (ratio between current volume and 3-month average) is presently sitting at 0.91. 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.

Depending on the earnings numbers reported, Target Corporation (NYSE:TGT) stock may see increased volatility following the report.

Target reported earnings and sales that topped estimates in the third quarter.

Target Corp. had a return on equity of 25.18% and a net margin of 4.75%.

Revenue was $16.67 billion, also topping forecasts $16.61 billion, and better than last year's third-quarter revenue of $16.4 billion.

Target's CEO Brian Cornell said in a company release, "While we expect the fourth-quarter environment to be highly competitive, we are very confident in our holiday season plans".

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Target announced in February that it was spending more than $7 billion to revamp its stores and online businesses over the next few years. If you are reading this piece on another publication, it was copied illegally and republished in violation of USA & global trademark and copyright legislation. The correct version of this story can be read at

The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Wednesday, November 15th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.11%. Target Corporation's payout ratio is 50.00%.

In pre-market activity on the NYSE, Target shares were losing 5.6 percent to trade at $56.71. The stock was sold at an average price of $75.45, for a total transaction of $298,555.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Like all traditional retailers, Target, based in Minneapolis, is in fierce competition with and needs to cater to more and more people who transition seamlessly between store aisles and mobile phones when they shop.

The company is now expecting full-year earnings between the ranges of $4.40 to $4.60 per share. Analysts expected earnings of $0.86 per share for the quarter.

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