November 24, 2017

Target Corporation (TGT) Analysts See $0.85 EPS

14 November 2017, 09:03 | Hattie Nash

Target Corporation insiders have bought a net of 724 shares during the past three months, which implies that the company's top executives have been feeling bullish about the stock's outlook.

A number of other institutional investors also recently added to or reduced their stakes in TGT. Target Corporation has set its Q3 guidance at $0.75-0.95 EPS and its FY18 guidance at $4.34-4.54 EPS. CAPROCK Group Inc. purchased a new stake in shares of Target Corporation during the third quarter worth about $832,000. About shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since November 13, 2016 and is downtrending.

Hanson Mcclain Inc increased its stake in Target Corp (TGT) by 450.29% based on its latest 2017Q2 regulatory filing with the SEC. Renaissance Technologies LLC now owns 1,837,200 shares of the retailer's stock worth $151,165,000 after buying an additional 1,484,100 shares during the period. Boston Private Wealth LLC now owns 51,170 shares of the retailer's stock worth $2,824,000 after buying an additional 5,358 shares during the period. River Wealth Advisors LLC's holdings in Target Corporation were worth $589,000 at the end of the most recent quarter. Summit Financial Wealth Advisors LLC now owns 20,364 shares of the retailer's stock worth $1,124,000 after acquiring an additional 292 shares during the period. Hedge funds and other institutional investors own 85.91% of the company's stock.

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Several research analysts have recently weighed in on TGT shares.

Among 26 analysts covering Target Corporation (NYSE:TGT), 7 have Buy rating, 3 Sell and 16 Hold. The company now has an average rating of "Hold" and an average target price of $74.49. The stock has "Hold" rating by Cowen & Co on Thursday, July 13. BidaskClub downgraded Target Corporation from a "buy" rating to a "hold" rating in a report on Saturday, August 12th. Out of 7 Wall Street analysts rating Norfolk Southern, 4 give it "Buy", 1 "Sell" rating, while 2 recommend "Hold". Target Corporation presently has an average rating of "Hold" and an average price target of $64.06.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company's stock in a transaction on Friday, September 15th. The stock's average target of $115.33 is -9.30% below today's ($127.15) share price. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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Finally, TheStreet downgraded Teekay LNG Partners L.P. from a b- rating to a c rating in a research note on Thursday, August 3rd. Raymond James Financial Services Advisors Inc. boosted its holdings in Teekay LNG Partners 30.3% in the 2nd quarter.

Shares of Target Corporation (NYSE TGT) traded down $1.00 during mid-day trading on Tuesday, reaching $60.40. Compared to the average company in the 25.55 space, TGT is relatively cheap. Looking at the stock's movement on the chart, Target Corporation recorded a 52-week high of $79.33. The stock has a market capitalization of $38.32 billion, a P/E ratio of 12.34 and a beta of 0.59. The company has a current ratio of 0.91, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98.

Target Corporation (TGT) reported earning per shares for the quarter ending Nov 15 BMO at 1.23, whereas, 23 number of analysts estimated the mean EPS at 1.51. Analysts are forecasting earnings of $0.85 on a per share basis this quarter. Company's return on equity, which is really just the product of the company's profit margin, asset turnover, and financial leverage ratios, is 22.30%, which is worse than the Discount, Variety Stores industry average ROE. That value represents a market adjusting for revenues that have been growing by 1.61 % on a quarterly year/year basis as of the company's last quarterly report. During the same period in the previous year, the business earned $1.23 earnings per share. After having $1.23 EPS previously, Target Corporation's analysts see -30.89 % EPS growth. The ex-dividend date of this dividend is Monday, November 14th. Target Corporation's current price of $61.40 translates into 1.01% yield.

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More notable recent Target Corporation (NYSE:TGT) news were published by: which released: "Target Corporation (TGT) to Remodel 1000 Stores" on October 20, 2017, also with their article: "Target Corporation (TGT) Ex-Dividend Date Scheduled for November 14, 2017" published on November 13, 2017, published: "Target: Will My Bullish Thesis Hold Water?" on November 08, 2017. The Company's general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

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