Markets

Can Target Corporation (TGT) Shock Analysts Again?

Can Target Corporation (TGT) Shock Analysts Again?

The average analysts gave this company a mean recommendation of 1.80. Zacks has "Hold" rating and $91 target.

The share of Target Corp.

Whereas they predicted High and Low Earnings Estimate as $1.01 and $0.82 respectively.

In case of Revenue Estimates, 15620000 analysts have provided their consensus Average Revenue Estimates for Target Corp.as 21000.

Target Corporation (TGT) has gained $1.14, or +2.14%, in the last 30 days.

The company's expected revenue in the current quarter to be 15.62 Billion, seeing a projected current quarter growth of -29.5%, and per annum growth estimates over the next 5 year period of around -0.65%. According to these analysts, the Low Revenue Estimate for Target Corp.is 15.38 Billion and the High Revenue Estimate is 15.86 Billion. The Return on Equity ratio of Target Corp. The business's quarterly revenue was down 1.1% on a year-over-year basis.

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.

Several equities research analysts have recently commented on the company. TheStreet downgraded Target from a "b-" rating to a "c+" rating in a research note on Monday, March 27th.

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In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Stifel Nicolaus assumed coverage on Target in a report on Thursday, January 19th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company's stock.

On 5/20/2016 Catherine R Smith, Insider, bought 5,000 with an average share price of $67.82 per share and the total transaction amounting to $339,100.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

In other news, Director Donald R. Knauss acquired 10,000 shares of Target stock in a transaction on Thursday, March 9th. The disclosure for this purchase can be found here. Following the transaction, the director now owns 16,431 shares of the company's stock, valued at $901,404.66. Company insiders own 0.25% of the company's stock. 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.

KeyCorp (NYSE:KEY) shares moved to $18.21 after opening the day at $18.10, on Friday. Carroll Financial Associates Inc. boosted its position in Target by 5.8% in the first quarter. Finally, Focused Wealth Management Inc purchased a new position in Target during the fourth quarter worth $166,000. 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 worth $2,596,495,000 after buying an additional 44,877,391 shares in the last quarter. The stock of Target Corporation (NYSE:TGT) has "Hold" rating given on Monday, August 17 by Deutsche Bank. Finally, Investment Centers of America Inc. raised its position in Target by 9.6% in the first quarter.

The stock has a 1-year performance down -23.70% and a negative weekly performance at -2.65%. The company's shares traded on stronger-than-usual volume today: $11.92M shares changed hands while the stock's average volume is 7.65M shares per day. 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. Target Corporation's 50-day moving average is $55.00 and its 200-day moving average is $64.70. The stock appeared -6.50% below its 52-week highs and is up 1.38% for the last five trades. Target also saw some unusual options trading on Thursday. Earnings per share are calculated by dividing a company's net income by its number of shares outstanding.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. A recommendation of 1 or 2 would represent a consensus Buy. The ex-dividend date is Monday, May 15th.

On 9/21/2016 Target announced a quarterly dividend of $0.60 3.5% with an ex dividend date of 11/14/2016 which will be payable on 12/10/2016.

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.


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