Target Corp. (TGT) — Trending Stock Alert

May 20, 2017, 01:54

On average, analysts forecast that Target Co. will post $4.15 EPS for the current year. TheStreet lowered shares of Target from a "b-" rating to a "c+" rating in a research report on Monday, March 27th. Cowen & Co maintained the shares of TGT in report on Thursday, February 25 with "Outperform" rating. The Return on Investment (ROI) ratio of Target Corp.

Analysts on average have given a price target of $59.43 to Target Corp.

The company reported the earnings of $1.45/Share in the last quarter where the estimated EPS by analysts was $0.91/share. The company had revenue of $16.02 billion during the quarter, compared to the consensus estimate of $15.63 billion. The Return on Equity (ROE) value stands at 23.7%. Year to date is 36.83%, 14.82% over the last quarter, 29.36% for the past six months and 34.10% over the last 12 months. Buckingham Research reissued a "buy" rating and set a $71.00 price objective on shares of Target in a research report on Wednesday, April 19th. Sanford C. Bernstein started coverage on Target in a research report on Monday, February 6th. The stock has an average rating of "Hold" and an average price target of $66.07.

A 52-week high/low is the highest and lowest price that a stock has traded at during the previous year.

Some buy side analysts are also providing their Analysis on Target Corp., where 4 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 18 said it's a HOLD, 3 reported it as Underperform and 1 analysts rated the stock as Sell. First Manhattan Co. now owns 38,029 shares of the retailer's stock valued at $2,611,000 after buying an additional 11,127 shares during the period. The shares were bought at an average cost of $57.00 per share, for a total transaction of $114,000.00.

In other news, Director Donald R. Knauss acquired 10,000 shares of Target stock in a transaction on Thursday, March 9th. In the last 90 days, insiders have purchased 19,000 shares of company stock valued at $1,073,750. The disclosure for this purchase can be found here. Following the transaction, the insider now directly owns 56,983 shares in the company, valued at $3,248,031.

Target (NYSE:TGT) has insider ownership of 0.25% and institutional ownership of 88.53%.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The original version of this report can be accessed at [[permalink]]. Balentine LLC now owns 3,114 shares of the retailer's stock valued at $214,000 after buying an additional 30 shares during the period. Buckhead Capital Management LLC increased its position in shares of Target by 29.6% in the first quarter. Balentine LLC boosted its position in Target by 1.0% in the third quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer's stock worth $2,596,495,000 after buying an additional 44,877,391 shares in the last quarter. Dodge & Cox purchased a new stake in shares of Target during the fourth quarter worth about $788,237,000. Finally, Peoples Financial Services CORP. boosted its position in shares of Target by 116.7% in the first quarter. The stock was bought at an average price of $58.95 per share, with a total value of $294,750.00.

Several institutional investors have recently made changes to their positions in the stock.

As the earnings date approaches, we can see that insider ownership is now 0.20% shares, and institutional ownership is at 88.10% for Target Corporation (NYSE:TGT) stock. The company's market cap is $30.67 Billion, and the average volume is 7.65 Million. Company's distance from 20 day simple moving average is -2.60% and distance from 50-Day simple moving average is -0.67%. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Target also saw some unusual options trading on Thursday. About 846,112 shares traded.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Wednesday, May 17th will be issued a dividend of $0.60 per share. The stock's Dividend Yield stands at 4.40%.

On 1/12/2017 Target announced a quarterly dividend of $0.60 3.37% with an ex dividend date of 2/13/2017 which will be payable on 3/10/2017. Their payout ratio is 50.00%.

Continuing the momentum, Target's digital channel sales grew 22% in the quarter, but remain significantly small to make up for the decline at its brick and mortar stores - the company expects low single digit decline in comps throughout 2017. The Company's general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

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