Target (TGT) Issues Q2 Earnings Guidance

Target (NYSE:TGT) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $1.52-1.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.59. Target also updated its FY 2019 guidance to $5.75-6.05 EPS.

NYSE TGT opened at $71.96 on Wednesday. The firm has a market capitalization of $36.93 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.94 and a beta of 0.65. Target has a 1 year low of $60.15 and a 1 year high of $90.39. The company has a current ratio of 0.83, a quick ratio of 0.20 and a debt-to-equity ratio of 1.08.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 22nd. The retailer reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.10. The company had revenue of $17.63 billion for the quarter, compared to analysts’ expectations of $17.49 billion. Target had a return on equity of 25.74% and a net margin of 3.90%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 earnings per share. As a group, analysts anticipate that Target will post 5.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.64 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.56 annualized dividend and a dividend yield of 3.56%. Target’s dividend payout ratio is currently 47.50%.

Several research analysts have issued reports on TGT shares. Citigroup reaffirmed a neutral rating and issued a $78.00 price target on shares of Target in a report on Tuesday, February 26th. Telsey Advisory Group reissued an outperform rating and set a $88.00 target price (up from $86.00) on shares of Target in a research note on Wednesday, March 6th. BMO Capital Markets boosted their target price on shares of Target from $70.00 to $78.00 and gave the company a market perform rating in a research note on Wednesday, March 6th. Deutsche Bank boosted their target price on shares of Target from $80.00 to $84.00 and gave the company a hold rating in a research note on Wednesday, March 6th. Finally, Zacks Investment Research raised shares of Target from a hold rating to a buy rating and set a $86.00 target price on the stock in a research note on Friday, March 8th. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $88.61.

In other news, insider Robert M. Harrison sold 1,791 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $80.28, for a total value of $143,781.48. Following the transaction, the insider now directly owns 12,836 shares of the company’s stock, valued at $1,030,474.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cathy R. Smith sold 30,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $74.00, for a total transaction of $2,220,000.00. The disclosure for this sale can be found here. Insiders sold 36,977 shares of company stock worth $2,774,409 over the last ninety days. 0.19% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Target (TGT) Issues Q2 Earnings Guidance” was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

Read More: Understanding Specialty Certificates of Deposit

Earnings History and Estimates for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with's FREE daily email newsletter.