Can Target Corporation (TGT) Shock Analysts Again?

Now the shares of Target Corp.

Headlines about Target (NYSE:TGT) have been trending somewhat positive this week, according to Alpha One Sentiment.

Target Corp (NYSE:TGT)'s trailing twelve month revenues are $69.5 Billion, whereas its price to sales ratio for the same period is 0.44. Zooming out to the 200-day moving average, shares have been seen trading -16.05% away from that value.

Previously on 5/10/2017, Vetr Inc. released a statement about Target Corporation (NYSE:TGT) increased the target price from $0.00 to $61.86. The retailer reported $1.21 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.91 by $0.30. Revenue during the period amounted to $16.44B, while analysts were anticipating $16.3B.

The company's net profit margin stands at 23.50% whereas its return on equity (ROE) is 6.60%. During the same quarter in the previous year, the company posted $1.29 earnings per share. The firm's revenue was down 1.1% compared to the same quarter a year ago.

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The company also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 15th. This represents a $2.40 annualized dividend and a dividend yield of 4.36%. Their payout ratio is 50.00%.

Several equities analysts recently weighed in on TGT shares. Susquehanna Bancshares Inc began coverage on shares of Target in a research report on Friday, February 10th. Carroll Financial Associates Inc. now owns 2,664 shares of the retailer's stock worth $147,000 after buying an additional 147 shares during the period. Zacks has "Hold" rating and $91 target.

Target Corp. (TGT) stock price fell -25.08 percent over the past one year, while decreased -23.31 percent during the past 6 months. Citigroup maintained it with "Buy" rating and $80 target in Thursday, May 19 report.

In terms of Buy, Sell or Hold recommendations, Target Corp (NYSE:TGT) has analysts' mean recommendation of 2.9.

Many analysts have provided their estimated foresights on Target Corp.

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Clearly, that's still a massive audience, and not a number low enough to pull the plug. When I heard the news, I assumed the ratings dropped.

In other news, Director Donald R. Knauss bought 10,000 shares of the business's stock in a transaction on Thursday, March 9th. Many traders and investors view the 52-week high or low as an important factor in determining a stock's current value and predicting future price movement. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

The Stock had a 2.85 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.75 and 2.52 respectively. Vanguard Group Inc is the second biggest holder with 41 million shares now valued at 2.93 B million whilst BlackRock Fund Advisors has 23 million shares valued at 1.68 B million. The disclosure for this purchase can be found here.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares.

Now insiders hold 2,414,284 shares in the business which makes up 0.44% of shares. "(TGT) Issues Q2 Earnings Guidance" was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and global trademark and copyright legislation. The original version of this report can be accessed at [[permalink]].

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Carroll Financial Associates Inc. boosted its position in Target by 5.8% in the first quarter. Balentine LLC boosted its position in Target by 1.0% in the third quarter. Norges Bank purchased a new stake in shares of Target during the fourth quarter worth about $460,220,000. Shelton Capital Management raised its position in Target by 76.5% in the first quarter. Following the transaction, the insider now directly owns 56,983 shares in the company, valued at $3,248,031.

Former SolarCity CEO Lyndon Rive will leave Tesla
Under Tesla, SolarCity has slowed installations and focused on the most profitable projects that generate cash upfront. "Lyndon Rive co-founded SolarCity eleven years ago, and built it into the number one solar provider in the nation".

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