Target (TGT) Given Media Impact Rating of 0.08

Alicia Cross
May 20, 2017

The company is expected to report earnings of $0.91 a share for the next quarter.

Although the first quarter was less painful due to the "strong execution" by the sales team, operational headwinds remain - a problem faced by most conventional retailers amid the rise of online retailing. Target has a 12 month low of $52.72 and a 12 month high of $79.33. The firm has a market cap of $30.82 billion, a P/E ratio of 11.87 and a beta of 0.63. Zooming out to the 200-day moving average, shares have been seen trading -16.05% away from that value.

Target Corporation (TGT) closed business day at $55.04 with 0.94%. The retailer reported $1.45 EPS for the quarter, missing the consensus estimate of $1.51 by $0.06. Return on Equity (ROE) stands at 23.7% and Return on Investment (ROI) of 15.5 percent. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The firm's revenue was down 1.1% compared to the same quarter past year. Equities research analysts forecast that Target Co. will post $4.15 earnings per share for the current year.

The firm 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 is Monday, May 15th. A recommendation of 1 or 2 would represent a consensus Buy. Their payout ratio is 50.00%. 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. Stock has got OUTPERFORM rating from 7 analysts of Thomson Reuters, 21 analysts given HOLD rating to the stock and 2 given UNDERPERFORM rating.

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Additionally on 3/01/17 Telsey Advisory Group "Downgrades" Target Corp (NYSE:TGT) to Market Perform setting price target at $58 and on 2/10/17 Susquehanna "Initiates Coverage On" the stock to Neutral at $70. They set a "neutral" rating and a $70.00 target price for the company. Vetr downgraded Target from a "buy" rating to a "hold" rating and set a $59.51 price objective for the a report on Tuesday. The company now has a consensus rating of Hold and an average price target of $66.15. Also, Director Donald R. Knauss bought 10,000 shares of the company's stock in a transaction dated Thursday, March 9th. In the last 90 days, insiders have bought 19,000 shares of company stock valued at $1,073,750. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".

On the other hand the company has Relative Strength Index (RSI 14) of 49.83 along with Average True Range (ATR 14) of 0.96, Consequently Target Corp (NYSE:TGT)'s weekly and monthly volatility is 1.97%, 1.46% respectively. The disclosure for this purchase can be found here. Following the purchase, the director now owns 16,431 shares of the company's stock, valued at approximately $901,404.66. However the six-month change in the insider ownership was recorded 1.01%, as well as three-month change in the institutional ownership was recorded -2.62%.

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Other large investors have also added to or reduced their stakes in the company. Buckhead Capital Management LLC increased its position in shares of Target by 29.6% 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.

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