Target Co. (NYSE:TGT) – Stock analysts at Jefferies Group boosted their Q2 2019 EPS estimates for shares of Target in a report released on Tuesday. Jefferies Group analyst D. Binder now anticipates that the retailer will post earnings of $1.31 per share for the quarter, up from their previous estimate of $1.12.
A number of other equities research analysts have also recently issued reports on the company. MKM Partners set a $93.00 price objective on Target and gave the company a “buy” rating in a research note on Friday. Vetr cut Target from a “hold” rating to a “sell” rating and set a $70.45 price objective on the stock. in a research note on Thursday. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price objective on shares of Target in a research note on Thursday. Deutsche Bank upgraded Target from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $57.00 to $70.00 in a research note on Wednesday. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $75.00 price objective (up from $65.00) on shares of Target in a research note on Wednesday. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $66.15.
Shares of Target (NYSE:TGT) traded up $2.80 during trading on Thursday, reaching $76.80. The company had a trading volume of 14,842,440 shares, compared to its average volume of 7,690,000. Target has a fifty-two week low of $48.56 and a fifty-two week high of $77.00. The company has a market cap of $41,750.00, a PE ratio of 16.13, a P/E/G ratio of 3.81 and a beta of 0.63. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.
Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the previous year, the business posted $1.04 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Tuesday, February 20th. Target’s dividend payout ratio is presently 52.10%.
In other news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Heritage Trust Co increased its position in shares of Target by 129.7% in the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after purchasing an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC increased its position in shares of Target by 2,200.0% in the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after purchasing an additional 1,826 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Target by 23.8% in the second 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 last quarter. Jacobi Capital Management LLC increased its position in shares of Target by 109.8% in the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Sandy Spring Bank increased its position in shares of Target by 6.7% in the second quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock worth $155,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 87.42% of the company’s stock.
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Target Company Profile
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.
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