What Analysts say About Target Corp (TGT)?
Corporate insiders own 0.25% of the company’s stock. Pillar Pacific Capital Management LLC’s holdings in Target were worth $2,207,000 as of its most recent SEC filing. Linscomb & Williams Inc. boosted its position in shares of Target by 0.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 112,116 shares of the retailer’s stock valued at $7,700,000 after buying an additional 1,925 shares during the last quarter. Advisors Asset Management Inc. now owns 121,892 shares of the retailer’s stock valued at $8,372,000 after buying an additional 23,554 shares in the last quarter. Pinnacle Bank purchased a new stake in Target during the first quarter valued at $123,000. Schwab Charles Invest Management Incorporated holds 0.06% or 1.02 million shares in its portfolio. The retailer reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.30. Reilly Financial Advisors LLC boosted its stake in Target by 77.6% in the first quarter.
17 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 16270.4 million while high and low sale targets are estimated at 16705 million and 16070 million respectively.
Let’s have a look at some of the important valuation ratios of the Target Corporation (TGT). The share price has moved forward from its 20 days moving average 0.41% and negatively from its 50 days moving average -0.57%. The company’s current price-earnings ratio amounts to 11.45 times earnings, below the average P/E ratio of 24.99 times earnings.
Target Corporation (NYSE:TGT) stock reached a 1-year peak price of $79.33. During the same quarter in the prior year, the company posted $1.29 earnings per share. Over the past 2 quarters, the stock is down -29.04%, compared with a fall of almost -4.63% for 3 months and about -1.11% for the past 30 days.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. This represents a $2.40 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Monday, May 15th. Target’s payout ratio is 42.93%.
In other news, insider Don H. Liu acquired 2,000 shares of Target stock in a transaction on Monday, March 6th.
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Other equities analysts have also recently issued research reports about the company. Instinet reduced their target price on Target to $60.00 in a research note on Wednesday, March 1st.
To stay one step ahead we extended our research by comparing different price targets. The stock of Target Corporation (NYSE:TGT) has “Hold” rating given on Monday, May 16 by Deutsche Bank. Stifel Nicolaus reinitiated the shares of TGT in report on Friday, January 20 with “Hold” rating. Vetr cut Target from a “buy” rating to a “hold” rating and set a $59.51 price target on the stock.in a report on Tuesday, May 9th. For now, Target Corporation is the toast of Wall Street as its ABR stands at 3.00 with 3 out of 26 analysts rating the stock a buy. They now have a Dollars 59 price target on the stock. The shares were acquired at an average price of $57.00 per share, with a total value of $114,000.00. Following the completion of the purchase, the director now owns 16,431 shares of the company’s stock, valued at $901,404.66. Also, Director Donald R. Knauss acquired 10,000 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were bought at an average price of $58.20 per share, with a total value of $116,400.00. APG Asset Management N.V. now owns 4,208,486 shares of the retailer’s stock valued at $289,039,000 after buying an additional 357,100 shares in the last quarter. The disclosure for this purchase can be found here. The Company’s 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.