Target Corporation (NYSE:TGT) is set to report first-quarter earnings before the opening bell on Wednesday, May 20.
Analysts expect the retailer to post earnings of $1.45 per share, up from $1.30 a year earlier, on revenue of $24.63 billion versus $23.85 billion last year, according to Benzinga Pro.
Ahead of the report, Piper Sandler analyst Peter Keith maintained a Neutral rating on the stock Friday and raised his price target from $119 to $121. Meanwhile, JPMorgan Chase analyst Christopher Horvers also maintained a Neutral rating and lifted his target from $120 to $129.
With renewed attention on Target shares, some investors may also be looking at the company's dividend potential. Target currently offers an annual dividend yield of 3.75%, paying $1.14 per share quarterly, or $4.56 annually.
So, how much would investors need to own to generate $500 in monthly dividend income from the stock?
