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Monday, August 15, 2022 10:15:15 AM
By: 24/7 Wall St. | August 15, 2022
• Here is a look at three companies scheduled to report quarterly results first thing Wednesday morning.
Target
Target Corp. (NYSE: TGT) stock has tumbled by about 34% since mid-May, when the company warned that inventory overhang would weigh on second-quarter results. The stock plunged 40% on the report. Shares have staged something of a comeback since dropping to a 52-week low in mid-June, largely due to less concern about inflation and recession. There is still little evidence that Target has solved its inventory forecasting issues yet, and investors will want to hear what the company plans to do to get margins back up.
Of 31 analysts covering the company, 21 have a Buy or Strong Buy rating and 10 others rate the stock at Hold. At a share price of around $172.50, the upside potential based on a median price target of $185.00 is about 7.2%%. At the high price target of $231.00, the upside potential is nearly 40%.
The consensus second-quarter 2023 revenue estimate is $26.09 billion, up 3.7% sequentially and 3.7% higher year over year. Adjusted EPS are forecast at $0.71, down 67.4% sequentially and by 80.5% year over year. For the full year ending in January, analysts expect Target to report EPS of $8.40, down 38%, on sales of $109.84 billion, up 3.6%.
Target stock trades at 20.5 times expected 2023 EPS, 14.2 times estimated 2024 earnings of $13.52 and 12.8 times estimated 2025 earnings of $13.44 per share. The stock’s 52-week range is $137.16 to $268.98. The company pays an annual dividend of $4.32 (yield of 2.5%). Total shareholder return for the past year was negative 33.1%.
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Recent TGT News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 10:37:05 AM
- Target Names Jim Lee Chief Financial Officer • PR Newswire (US) • 09/19/2024 10:30:00 AM
- Target Corporation Declares Regular Quarterly Dividend • PR Newswire (US) • 09/18/2024 10:30:00 AM
- Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon • IH Market News • 09/17/2024 10:40:35 AM
- Target Brings Holiday Magic with More Savings Across Largest Holiday Assortment Ever • PR Newswire (US) • 09/16/2024 10:01:00 AM
- Hapbee Expands Retail Distribution with Target Stores • GlobeNewswire Inc. • 09/12/2024 01:00:00 PM
- Target Announces Limited-Edition Collection for Pets and Pet Lovers • PR Newswire (US) • 09/09/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 05:14:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 09:04:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:59:18 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 09/03/2024 07:46:48 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 09/03/2024 12:31:08 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/30/2024 04:16:09 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/30/2024 03:54:48 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/29/2024 08:32:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 08:23:27 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/27/2024 05:47:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/26/2024 03:56:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:14:25 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/22/2024 08:23:32 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2024 11:30:22 AM
- Target Corporation Reports Second Quarter Earnings • PR Newswire (US) • 08/21/2024 10:30:00 AM
- Target Corporation to Webcast 2nd Quarter Earnings Conference Call on Wednesday, August 21, 2024 • PR Newswire (US) • 08/20/2024 12:00:00 PM
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