20 May, 2017
The average analysts gave this company a mean recommendation of 1.80. Equities analysts expect that Target Co. will post $4.00 EPS for the current year. Stock has got OUTPERFORM rating from 7 analysts of Thomson Reuters, 21 analysts given HOLD rating to the stock and 2 given UNDERPERFORM rating. The stock of Target Corporation (NYSE:TGT) has "Outperform" rating given on Thursday, February 25 by Cowen & Co. It has a Return on Investment (ROI) of 7.80% and a gross margin of 29.70%.
Now the P/E of Target Corp. stands at 11.86. For the quarter ending Oct-17, 18 analysts have a mean sales target of 16,230.40 million whilst for the year ending Jan-17, 26 analysts have a mean target of 69,510.70 million. The business is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, May 17th.
Maximum and minimum EPS estimate for the current quarter is projected at $1.25 and $0.79, respectively, according to 24 analysts. The firm had revenue of $16.02 billion during the quarter, compared to analysts' expectations of $15.63 billion. TGT generated revenue of $17.1 Billion in the same quarter, one year ago. TheStreet downgraded Target from a "b-" rating to a "c+" rating in a report on Monday, March 27th. Buckingham Research reiterated a "buy" rating and set a $71.00 price objective on shares of Target in a research report on Wednesday, April 19th. The stock of Target Corporation (NYSE:TGT) earned "Neutral" rating by M Partners on Thursday, November 19. The Company has 52-week high of $78.61 and 52-week low of $52.72. Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). They issued a neutral rating and a $70.00 price objective on the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The shares were acquired at an average cost of $58.20 per share, for a total transaction of $116,400.00.
While looking at the Stock's Performance, Target Corp. now shows a Weekly Performance of -5.77%, where Monthly Performance is 2.69%, Quarterly performance is -16.29%, 6 Months performance is -23.03% and yearly performance percentage is -23.29%. The disclosure for this purchase can be found here. If we take a look on its volatility, 1.67 percent was seen in a week and for the month it was 2.06 percent.
Target's below market price/earnings ratio, together with a dividend yield over 4%, support investors' view of the company as a deep value stock with upside potential. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/05/18/target-co-tgt-position-maintained-by-manchester-capital-management-llc-updated.html. Cribstone Capital Management LLC now owns 1,906 shares of the retailer's stock worth $101,000 after buying an additional 1,016 shares during the last quarter. Gould Asset Management LLC CA boosted its stake in shares of Target by 0.3% in the fourth quarter. Renaissance Technologies LLC purchased a new stake in shares of Target during the fourth quarter worth about $129,277,000. BlackRock Inc. now owns 47,046,403 shares of the retailer's stock valued at $2,596,495,000 after buying an additional 44,877,391 shares during the last quarter. Target's share repurchases stood at $305 million during the quarter, as per its latest $5 billion buyback program that started after the completion of a $10 billion program, which kicked off back in 2012. Finally, Investment Centers of America Inc. raised its position in Target by 9.6% in the first quarter. 1ST Source Bank now owns 14,641 shares of the retailer's stock valued at $1,005,000 after buying an additional 39 shares during the period.
Several institutional investors have recently made changes to their positions in the stock.
Target Corp. (TGT) lost -0.46% to reach $55.8 in the previous trading session. (TGT) has the trading volume of 11.92 Million shares with the average trading volume of 8350 shares.
Another critical number in evaluating a stock is P/E or the price to earnings ratio. The company's 50-day moving average price is $54.92 and its 200 day moving average price is $64.79. Target also saw some unusual options trading on Thursday. EPS breaks down the profitability of the company on a single share basis. This is an increase of approximately 328% compared to the typical volume of 5,596 put options.
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 10th.
Investors looking to grow long term wealth should devote at least some of their portfolio to companies that pay dividends. The ex-dividend date of this dividend is Monday, May 15th.