TGT - How To Earn $500 A Month From Target Stock After Downbeat Q1 Earnings | Benzinga
Target Corp (NYSE:TGT) reported weaker-than-expected first-quarter earnings on Wednesday.
The Minneapolis-based company reported a first-quarter FY24 sales decline of 3.1% year-on-year to $24.531 billion, beating the analyst consensus estimate of $24.521 billion. Comparable sales declined 3.7% in the first quarter. Adjusted EPS of $2.03 missed the analyst consensus estimate of $2.06, according to data from Benzinga Pro.
Several analysts, including, Deutsche Bank, RBC Capital, UBS, BMO Capital, Truist Securities, Morgan Stanley and Morgan Stanley, lowered their price targets on the stock Thursday.
With the recent buzz around Target, some investors may be eyeing potential gains from the company's dividends. As of now, Target has a dividend yield of 3.05%, which is a quarterly dividend amount of $1.10 a share ($4.40 a year).
To figure out ...