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Featured Stock Overview: Target Corp. (TGT)

27 September 2017

Five financial stock experts recommended the company shares with a sell recommendation, eighteen have issued a hold recommendation and five have issued a buy recommendation to the share. recipient Corporation now has a average recommendation of Hold and an average price target of $61.64. The firm owned 102,635 shares of the retailer's stock after selling 24,224 shares during the quarter. Trust Co. of Oklahoma's holdings in Target were worth $309,000 at the end of the most recent quarter. The number of shares now owned by investors are 549.3 mln. Parallel Advisors LLC raised its stake in shares of Target Corporation by 23.8% in the second quarter. The institutional investor held 23,472 shares of the department and specialty retail stores company at the end of 2017Q2, valued at $1.23M, down from 119,498 at the end of the previous reported quarter. Flippin Bruce & Porter Inc. increased its holdings in Target Corporation by 17.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer's stock worth $117,000 after purchasing an additional 399 shares during the period. Davidson Investment Advisors raised its stake in shares of Target Corporation by 18.5% in the first quarter. Peachtree Investment Advisors Inc. now owns 28,088 shares of the retailer's stock valued at $1,550,000 after buying an additional 165 shares during the period. Penserra Capital Management LLC lifted its position in Target Corporation by 9.5% during the first quarter.

The company reported its EPS on 7/30/2017.

Target Corporation (TGT) closed -0.96% below its 200-day moving average and is 3.72% above another chart threshold, its 50-day moving average. Target Corporation (NYSE:TGT) has declined 16.51% since September 26, 2016 and is downtrending. Target Corporation has $92 highest and $4.45 lowest target. The share price has moved forward from its 20 days moving average, trading at a distance of 1.89% and stays 3.72% away from its 50 days moving average.

The market capitalization of Target at $32.16 Billion. The stock of Target Corporation (NYSE:TGT) has "Neutral" rating given on Friday, September 16 by Credit Suisse. About 3.62M shares traded. The business had revenue of $16.43 billion during the quarter, compared to analysts' expectations of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. During the same quarter past year, the firm posted $1.23 EPS. Target's revenue was down 4.3% on a year-over-year basis. Vetr lowered shares of Target Corporation from a "buy" rating to a "hold" rating and set a $59.67 price target for the a report on Monday, August 7th.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.62 per share.

Target Corp. (TGT) has an annual dividend of $2.48, while its annual dividend yield is 4.24%. Target's payout ratio is 42.93%.

TGT has been the topic of several recent research reports. M Partners maintained Target Corporation (NYSE:TGT) on Thursday, November 19 with "Neutral" rating. Stifel Nicolaus has "Hold" rating and $60.0 target. Jefferies Group LLC reiterated a "hold" rating on shares of Target Corporation in a research report on Friday, August 25th. As per Thursday, July 13, the company rating was maintained by BMO Capital Markets.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. $70.52's average target is 20.44% above currents $58.55 stock price.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction on Friday, September 15th. The consensus analyst target price is $59.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Dividends are mostly given in terms of cash payments, property or as shares of stock. The shares were sold at an average price of $52.05, for a total value of $137,359.95. The disclosure for this sale can be found here. (SUM) - averaging the work of different analysts - reveals a mean PT of $34.36/share.

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Analysts await Target Corporation (NYSE:TGT) to report earnings on November, 15. The Company's general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

Featured Stock Overview: Target Corp. (TGT)