Target Corporation (TGT) To Go Ex-Dividend on November 10th

Target Corporation (NYSE:TGT) declared a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Wednesday, November 11th will be paid a dividend of $1.16 per share by the retailer on Tuesday, December 1st. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, November 10th.

Target has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 54 years. Target has a payout ratio of 56.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Target to earn $9.38 per share next year, which means the company should continue to be able to cover its $4.64 annual dividend with an expected future payout ratio of 49.5%.

Target Stock Up 0.1%

Shares of TGT opened at $156.39 on Friday. Target has a 52 week low of $83.44 and a 52 week high of $170.75. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $71.05 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 2.96 and a beta of 0.99. The stock’s 50-day moving average price is $153.94 and its 200-day moving average price is $135.76.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating the consensus estimate of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The company had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same period last year, the business earned $2.05 earnings per share. Target’s quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, sell-side analysts predict that Target will post 8.85 EPS for the current year.

Target Company Profile

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.