Target Corporation (NYSE: TGT) - Do Analysts Think You Should Buy

Jeannie Matthews
January 13, 2018

Company insiders own 0.20% of the company's stock. Penserra Capital Management LLC increased its stake in Target Corporation by 100.0% in the third quarter. The institutional investor owned 9,908 shares of the retailer's stock after purchasing an additional 2,952 shares during the quarter. Target Corporation had 80 analyst reports since July 21, 2015 according to SRatingsIntel. The firm's quarterly revenue was up 1.4% compared to the same quarter past year. Dynamic Advisors Solutions LLC now owns 35,316 shares of the retailer's stock valued at $1,847,000 after buying an additional 27,167 shares during the period. First Mercantile Trust Co. bought a new stake in shares of Target during the second quarter worth $267,000. Finally, Prudential Financial Inc. grew its position in Target by 43.4% during the second quarter. The stock traded with the average Volume of 7.46 Million at the end of last session.

Target Corp. (NYSE:TGT) gained 2.3 Percent and closed its previous trading session at $70.73. According to today's trading volume Target Corp.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. The stock now has a consensus rating of "Hold" and an average target price of $66.15. Target has a one year low of $48.56 and a one year high of $77.00. The company has a market cap of $41,750.00, a P/E ratio of 16.13, a P/E/G ratio of 8.18 and a beta of 0.63.

More notable recent Target Corporation (NYSE:TGT) news were published by: Seekingalpha.com which released: "Target Personifies The Best Of American Capitalism And Growth Strategies" on January 04, 2018, also Seekingalpha.com with their article: "Target Raises Minimum Wage" published on December 25, 2017, Prnewswire.com published: "Target Corporation Declares Regular Quarterly Dividend" on January 11, 2018. The retailer reported $0.91 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.86 by $0.05. The Return on Equity (ROE) value stands at 24%. It also increased its holding in Eldorado Gold Corp New (NYSE:EGO) by 3.26M shares in the quarter, for a total of 6.91M shares, and has risen its stake in Westrock Co. Hence the difference between Predicted EPS and Actual EPS reported is $0.05/share which shows an Earnings Surprise of 5.8 Percent. They expect $0.31 earnings per share, down 18.42% or $0.07 from last year's $0.38 per share. Investors of record on Wednesday, February 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Tuesday, February 20th. Target's dividend payout ratio (DPR) is 52.10%.

Several analysts recently issued reports on the stock. Zacks Investment Research raised Target from a "hold" rating to a "buy" rating and set a $63.00 price objective for the company in a research note on Tuesday, October 10th. BMO Capital Markets restated a "market weight" rating on shares of Target in a research report on Thursday, September 14th. M Partners maintained Target Corporation (NYSE:TGT) on Thursday, November 19 with "Neutral" rating. Deutsche Bank maintained Target Corporation (NYSE:TGT) on Monday, August 17 with "Hold" rating. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $67.00 price objective on shares of Target Corporation in a report on Wednesday, December 28th.

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Sell side analysts plays vital role in buying and selling a stock where 1 analysts rated Target Corp.

In related news, Director Roxanne S. Austin sold 4,705 shares of the 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Target Corporation operates as a general merchandise retailer. 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. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes. Hedge funds and other institutional investors own 87.42% of the company's stock.

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