News coverage about Target (NYSE:TGT) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. 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 0.19 on Accern’s scale. Accern also gave media coverage about the retailer an impact score of 46.67324245052 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
A number of analysts have weighed in on the stock. Vetr upgraded shares of Target from a “sell” rating to a “hold” rating and set a $72.52 price objective for the company in a research note on Monday, February 5th. Sanford C. Bernstein set a $65.00 price objective on shares of Target and gave the company a “buy” rating in a research note on Thursday, December 14th. Barclays set a $45.00 price target on shares of Target and gave the stock a “sell” rating in a research note on Wednesday, November 15th. MKM Partners set a $77.00 price target on shares of Target and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Stifel Nicolaus reduced their price target on shares of Target from $65.00 to $62.00 and set a “hold” rating for the company in a research note on Thursday, November 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $67.64.
Shares of Target (NYSE TGT) opened at $71.88 on Tuesday. Target has a 1 year low of $48.56 and a 1 year high of $78.70. The firm has a market cap of $39,381.84, a price-to-earnings ratio of 15.04, a P/E/G ratio of 3.42 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27.
Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The company had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. Target’s quarterly revenue was up 1.4% on a year-over-year basis. analysts forecast that Target will post 4.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio is presently 51.88%.
In other news, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Harrison sold 8,557 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $76.74, for a total transaction of $656,664.18. Following the completion of the sale, the insider now directly owns 13,288 shares of the company’s stock, valued at $1,019,721.12. The disclosure for this sale can be found here. Insiders sold 16,262 shares of company stock worth $1,185,484 in the last 90 days. 0.20% of the stock is currently owned by company insiders.
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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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