Somewhat Favorable News Coverage Somewhat Unlikely to Impact Target (TGT) Share Price

Media stories about Target (NYSE:TGT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Target earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the retailer an impact score of 45.5697038586914 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

A number of brokerages recently commented on TGT. Sanford C. Bernstein set a $65.00 price target on Target and gave the stock a “buy” rating in a report on Thursday. MKM Partners set a $77.00 price target on Target and gave the stock a “buy” rating in a report on Thursday. Moffett Nathanson began coverage on Target in a report on Monday, December 4th. They set a “neutral” rating on the stock. ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Vetr lowered Target from a “strong-buy” rating to a “buy” rating and set a $66.10 price target on the stock. in a report on Wednesday, November 29th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $62.42.

Target (NYSE:TGT) traded up $0.67 during trading on Friday, reaching $62.61. The company had a trading volume of 9,151,556 shares, compared to its average volume of 7,633,927. Target has a twelve month low of $48.56 and a twelve month high of $78.37. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The stock has a market capitalization of $33,668.89, a PE ratio of 12.90, a price-to-earnings-growth ratio of 7.72 and a beta of 0.64.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The business had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. equities research analysts predict that Target will post 4.51 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.96%. The ex-dividend date was Tuesday, November 14th. Target’s dividend payout ratio (DPR) is currently 51.88%.

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About Target

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

Insider Buying and Selling by Quarter for Target (NYSE:TGT)

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