Can Target Corporation (TGT) Shock Analysts Again?


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. The company rocked its 52-Week High of $79.33 and touched its 52-Week Low of $52.72. Beta can be useful to gauge stock price volatility in relation to the broader market. The company's 50-day moving average price is $54.92 and its 200 day moving average price is $64.79. The institutional investor held 55,700 shares of the department and specialty retail stores company at the end of 2016Q4, valued at $4.02 million, up from 4,600 at the end of the previous reported quarter. The firm had revenue of $16.02 billion during the quarter, compared to analysts' expectations of $15.63 billion. The Return on Equity (ROE) value stands at 23.7%.

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. The firm's revenue was down 1.1% compared to the same quarter a year ago. On average, analysts expect that Target Co. will post $4.15 earnings per share for the current fiscal year. Investors of record on Wednesday, May 17th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, May 15th. The company's trailing twelve month income is 2.67 Billion dollars and is paying 4.3% dividend yield annually. Target's dividend payout ratio (DPR) is presently 42.93%. 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. They set an "outperform" rating and a $77.00 price objective 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.

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.

Now the P/E of Target Corp. stands at 11.86.

In related news, Director Donald R. Knauss acquired 10,000 shares of the stock in a transaction dated Thursday, March 9th. (TGT) now has a value of $54.53 while the company's 52 week low is at $52.72, the shares dropped to the 52 week low on 04/05/17.

On 11/17/2016 Anne M. Mulcahy, Director, sold 3,957 with an average share price of $75.45 per share and the total transaction amounting to $298,555.65. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.96 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.

The stock has a 1-year performance down -23.70% and a negative weekly performance at -2.65%. The disclosure for this purchase can be found here.

To gauge your chances of picking a winning stock, take a close look at its fundamentals, especially its earnings-per-share growth. Liberty Ventures (LVNTA) shares have moved -2.51% in the week and -0.96% in the month.


COPYRIGHT VIOLATION WARNING: This story was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this article on another website, it was copied illegally and republished in violation of U.S. and worldwide copyright and trademark laws. The original version of this piece can be viewed at BlackRock Inc. boosted its position in shares of Target by 2,069.0% in the first quarter. Gould Asset Management LLC CA now owns 8,275 shares of the retailer's stock valued at $598,000 after buying an additional 25 shares during the period. United Capital Financial Advisers LLC now owns 117,280 shares of the retailer's stock worth $6,473,000 after buying an additional 30,933 shares in the last quarter.