Target (NYSE:TGT – Get Free Report) issued its quarterly earnings results on Wednesday. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45), RTT News reports. Target had a return on equity of 33.10% and a net margin of 4.18%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. Target’s revenue was up .9% on a year-over-year basis.
Target Price Performance
Shares of NYSE TGT opened at $121.73 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. Target has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm has a market capitalization of $56.08 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24. The stock’s 50-day simple moving average is $152.33 and its 200-day simple moving average is $150.12.
Target Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is currently 46.28%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Target
Insider Transactions at Target
In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This trade represents a 12.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. This trade represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,348 shares of company stock valued at $8,290,995. Corporate insiders own 0.15% of the company’s stock.
About Target
Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.
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