Factors to Note Before Buying Target Corp. (TGT)

Posted May 20, 2017

First National Bank Sioux Falls now owns 1,603 shares of the retailer's stock worth $110,000 after buying an additional 250 shares during the last quarter.

Insider Trades for Target Corp. show that the latest trade was made on 9 April 2017 where Casey (L Carl), the Officer completed a transaction type "Sell" in which 2017 shares were traded at a price of $53.87. Compton Capital Management Inc.

Several equities research analysts have recently commented on the company. First National Bank Sioux Falls boosted its position in shares of Target by 18.5% in the third quarter. 10,700,897 shares of the stock traded hands. The firm owned 8,064 shares of the retailer's stock after buying an additional 1,844 shares during the period.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. First Manhattan Co. increased its stake in Target by 41.4% in the first quarter. The firm has "Market Perform" rating given on Monday, September 12 by Cowen & Co. United Capital Financial Advisers LLC raised its position in Target by 35.8% in the first quarter. 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. The Company has 52-week high of $78.61 and 52-week low of $52.72.

Target Corp (NYSE:TGT) shares traded -0.46% down during most recent session to reach at the closing price of $55.8. Target Co. The firm has a market capitalization of $30.70 billion, a P/E ratio of 11.83 and a beta of 0.63.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Target Corp. the EPS stands at 1.45 for the previous quarter, while the analysts predicted the EPS of the stock to be 1.51, suggesting the stock fell short of the analysts' expectations. The retailer reported $1.45 EPS for the quarter, missing the consensus estimate of $1.51 by $0.06. The company had revenue of $16.02 billion for the quarter, compared to the consensus estimate of $15.63 billion. It has a return on equity (ROE) of 23.70%. TGT generated revenue of $17.1 Billion in the same quarter, one year ago.

Plane with New York CEO, 3 others, missing in Bahamas
At the time, the aircraft was off Eleuthera, flying at a speed of 300 knots at an altitude of 24,000 feet, the Coast Guard said. On Tuesday, a C-130 and an MH-60 Jayhawk helicopter searched, the Coast Guard said. "I am sad and in shock", she wrote.

HTC unveil "squeezable" phone as their new flagship device
The highlight of the smartphone its Edge Sense feature, that lets users squeeze the U 11 for perform specific tasks. Thus HTC has worked hard on aspects of this smartphone which could differentiate it from Droids from other brands.

Instagram adds updates making it look more like Snapchat
Over the past few months, Instagram has stolen all of Snapchat's major features, including Stories and ephemeral direct messaging. Well what if you could take your photographs (or "selfies", amirite kids?!), and add cool, colourful filters to them?

In terms of earnings per share, 24 analysts have a 1.00 EPS mean target for the quarter ending Jul-17, for the quarter ending Oct-17, 24 analysts have a 0.79 EPS mean target and for the quarter ending Oct-17 there are 24 estimates of 5.06 EPS. Target Corporation posted net revenue of 20.69B, beating Wall Street analysts who had forecast $20.7B.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Monday, May 15th. Target's dividend payout ratio (DPR) is now 42.93%.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of worldwide copyright and trademark legislation. The legal version of this article can be viewed at https://www.themarketsdaily.com/2017/05/18/target-co-tgt-issues-q2-earnings-guidance.html. Susquehanna Bancshares Inc started coverage on Target in a research note on Friday, February 10th. High growth rates in EPS are more reliable in the case of "matured companies" which has experienced a complete economic cycle of expansion and contraction, through a bear market phase and a bull run. They issued a "hold" rating and a $72.00 price objective for the company.

The consensus recommendation, according to Zacks Investment research, is 2.96.

Target Corp. was covered by a number of analysts recently, 4 rated the stock as Buy, 18 rated Hold, 1 rated sell and 3 gave an Underperform. Target presently has a consensus rating of "Hold" and an average target price of $66.15. The shares were acquired at an average cost of $58.20 per share, for a total transaction of $116,400.00. Following the transaction, the director now owns 16,431 shares of the company's stock, valued at $901,404.66.