Target Corporation (TGT) Upgraded to B at TheStreet
A number of other research analysts have also recently commented on the company. Vetr raised Target Corporation from a hold rating to a buy rating and set a $59.66 target price on the stock in a research note on Monday, June 19th. ValuEngine cut Target Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. BidaskClub raised Target Corporation from a sell rating to a hold rating in a research report on Monday, July 31st. Robert W. Baird reaffirmed a neutral rating and issued a $55.00 price objective on shares of Target Corporation in a research report on Friday, July 14th. Finally, MKM Partners increased their target price on Target Corporation from $58.00 to $69.00 and gave the stock a buy rating in a research note on Thursday, August 17th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company. Target Corporation currently has a consensus rating of Hold and a consensus target price of $61.64.
Shares of Target Corporation (NYSE TGT) traded down 0.07% on Thursday, reaching $58.97. The company had a trading volume of 3,051,595 shares. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. The firm has a market capitalization of $32.21 billion, a price-to-earnings ratio of 11.92 and a beta of 0.62. The stock’s 50 day moving average is $56.82 and its 200 day moving average is $55.00.
Target Corporation (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.20 by $0.03. The company had revenue of $16.43 billion for the quarter, compared to the consensus estimate of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS. On average, equities analysts anticipate that Target Corporation will post $4.51 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is 50.00%.
In other news, insider Robert M. Harrison sold 2,639 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its holdings in Target Corporation by 23.8% in the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares during the last quarter. Penserra Capital Management LLC grew its position in Target Corporation by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock worth $129,000 after purchasing an additional 204 shares during the period. Davidson Investment Advisors grew its position in Target Corporation by 18.5% during the 1st quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after purchasing an additional 400 shares during the period. Kistler Tiffany Companies LLC grew its position in Target Corporation by 19.1% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after purchasing an additional 445 shares during the period. Finally, Rowland & Co. Investment Counsel ADV raised its stake in shares of Target Corporation by 4.7% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer’s stock valued at $155,000 after buying an additional 132 shares during the last quarter. 83.22% of the stock is owned by hedge funds and other institutional investors.
Target Corporation Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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