Target Q1 EPS $1.71 Beats Estimates, Lifts Guidance as Shares Drop 7.1%
TGT•Target Corp reported Q1 EPS of $1.71 on $25.44 billion in revenue, beating analyst estimates and raising its full-year sales outlook. Despite the beat, shares fell 7.1% to $118.02 after dropping below the 30-day moving average, while short interest declined 17.7% to 3.4% of float and put/call ratio hit 1.10.
1. Earnings Beat and Revenue Results
Target reported first-quarter earnings per share of $1.71 on revenue of $25.44 billion, both figures surpassing consensus estimates and marking continued momentum in its turnaround efforts under CEO Michael Fiddelke.
2. Stock Reaction and Technicals
Shares tumbled 7.1% to $118.02 after opening higher, slipping below the ascending 30-day moving average that had supported the stock’s 30% year-to-date gain, indicating potential technical pressure.
3. Guidance Outlook
Management raised its full-year sales outlook, citing broad-based strength across multiple business segments, reinforcing confidence in its refreshed product assortment and remodeled store strategy.
4. Market Sentiment Metrics
Short interest fell 17.7% over two reporting periods to 3.4% of float, while the 10-day put/call volume ratio reached 1.10 (94th percentile) and the Schaeffer’s Volatility Scorecard stood at 14 out of 100, signaling elevated bearish positioning and lower realized volatility.
