Target (TGT) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.70-4.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.86. Target also updated its Q1 guidance to $1.22-1.32 EPS.
Shares of Target (TGT) opened at 64.05 on Wednesday. Target (TGT) has a one year low of $54.68 and a one year high of $65.80. The stock’s 50-day moving average is currently $61.7. The company has a market cap of $41.683 billion and a P/E ratio of 14.20.
Target last released its earnings data on Wednesday, February 27th. The company reported $1.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.48 by $0.17. The company had revenue of $22.37 billion for the quarter, compared to the consensus estimate of $22.66 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Target has set its Q1 guidance at $1.22-1.32 EPS and its FY14 guidance at $4.70-4.90 EPS. On average, analysts predict that Target (TGT) will post $4.40 earnings per share for the current fiscal year.
TGT has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a buy rating on shares of Target in a research note to investors on Tuesday. On a related note, analysts at Cowen initiated coverage on shares of Target in a research note to investors on Tuesday. They set a neutral rating on the stock. Finally, analysts at Piper Jaffray raised their price target on shares of Target to $74.00 in a research note to investors on Monday.
Thirteen equities research analysts have rated the stock with a buy rating, two have issued an overweight rating, and nine have assigned a hold rating to the stock. The company has an average rating of overweight and an average price target of $69.22.
Target Corporation (Target) operates in three segments: U.S. Retail, U.S. Credit Card and Canadian. As a component of the U.
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