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Main » Robert W. Baird Reaffirms Hold Rating for Target (TGT)

Robert W. Baird Reaffirms Hold Rating for Target (TGT)

13 January 2018

The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. Bank of New York Mellon Corp now owns 9,738,657 shares of the retailer's stock worth $574,680,000 after purchasing an additional 682,253 shares during the last quarter. The correct version of this story can be viewed at https://www.thelincolnianonline.com/2018/01/11/north-star-investment-management-corp-boosts-position-in-target-co-tgt.html.

A number of other research analysts have also weighed in on the company. Parallel Advisors LLC grew its stake in Target by 23.8% in the 2nd quarter. Heritage Trust Co now owns 1,771 shares of the retailer's stock valued at $105,000 after buying an additional 1,000 shares in the last quarter. Bedell Frazier Investment Counseling LLC purchased a new stake in Target in the third quarter worth $219,000. Franklin Street Advisors Inc. Carlson Capital Management now owns 12,291 shares of the retailer's stock worth $802,000 after acquiring an additional 2,289 shares in the last quarter. State Street Corp lifted its stake in Target by 1.5% during the second quarter. NC now owns 5,450 shares of the retailer's stock worth $356,000 after acquiring an additional 1,450 shares in the last quarter. Boston Private Wealth LLC boosted its stake in shares of Target by 4.5% during the 2nd quarter. While talking about Performance of the Stock, Target Corp. now has a Weekly performance of 5.3%, monthly performance percentage is 15.25 percent, Quarterly performance is 22.8 percent, 6 months performance shows a percent value of 39.04% and Yearly Performance is -0.98 percent. The institutional investor held 62,922 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $3.29M, down from 148,193 at the end of the previous reported quarter. Finally, Stifel Nicolaus set a $60.00 target price on shares of Target and gave the company a hold rating in a research report on Wednesday, October 18th.

Target Corp. (NYSE:TGT) gained 2.3 Percent and closed its previous trading session at $70.73. BMO Capital Markets reiterated a market weight rating on shares of Target in a research note on Thursday, September 14th. Finally, Susquehanna Bancshares raised shares of Target from a "neutral" rating to a "positive" rating and lifted their target price for the stock from $54.00 to $70.00 in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $66.15. The stock has "Overweight" rating by Barclays Capital on Friday, January 8.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 29.06%, and has a solid year to date (YTD) performance of 13.41% which means that the stock is constantly adding to its value from the previous fiscal year end price. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Active investors may choose to use this technical indicator as a stock evaluation tool.

Shares of Target Co. The NYSE listed company saw a recent bid of $76.51 and 9720000 shares have traded hands in the session. Target has a 52 week low of $48.56 and a 52 week high of $74.06. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $35.78 billion, a PE ratio of 11.33 and a beta of 0.62.

Target Corporation (NYSE:TGT) traded down 0.73% on Friday, reaching $63.70. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. The return on assets stands at 6.9%, Return on Equity now is 24% and the Return on Investment value is 15.5%. The business had revenue of $16.67 billion during the quarter, compared to analysts' expectations of $16.61 billion.

For the current quarter, 25 analysts are projecting a mean EPS of $1.31/share.

Now focusing our attention on earnings data, we were able to identify that EPS consensus estimate for Target Corporation (NYSE:TGT) for the current quarter stands at $1.22. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.60 per share. This represents a $2.48 annualized dividend and a yield of 3.51%. Target Corporation's payout ratio is 42.93%.

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