Accern also assigned news headlines about the retailer an impact score of 78 out of 100, meaning that recent press coverage is likely to have an effect on the stock's share price in the next several days. CNBC noted that there were hints that Target's same-store trends were improving during the first quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer's stock worth $2,596,495,000 after buying an additional 44,877,391 shares during the last quarter. Stockman Wealth Management Inc. boosted its position in shares of Target Corporation by 3.9% in the fourth quarter. TRUE Private Wealth Advisors now owns 4,488 shares of the retailer's stock valued at $238,000 after buying an additional 38 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its stake in Target Corporation by 1.5% in the first quarter. Discount retailer Dollar Tree Inc's shares rose 1.3 percent and Costco Wholesale Corp's stock was up 1 percent. $1.29M worth of stock was sold by Lantrip Mark on Wednesday, June 14. Institutional investors own 83.01% of the company's stock.
The collective rating of 3.1 for Target Corporation (NYSE:TGT) also leans strongly towards the bearish end of the spectrum. 838,756 shares of the company's stock traded hands.
The stock Hit its 1-year high of $98.66 on 08/02/16 and its 1-year low price of $69.30 on 11/08/16. The stock has a 50 day moving average price of $54.35 and a 200-day moving average price of $60.17. The company has market cap of $46.69 billion. Target's upbeat forecast drove retail stocks higher on Thursday. We continue to rate TGT Market Perform and prefer Outperform-rated WMT.
Earnings (both GAAP and adjusted EPS) are now anticipated above the high-end of the retailer's previous guidance range, which was 95 cents to US$1.15. The firm had revenue of $16.02 billion during the quarter, compared to analysts' expectations of $15.63 billion.
Target Corporation (NYSE:TGT) yearly performance is -27.14% and net profit margin is 4.00%. The average 1-year price target for (SNAP) reveals an average price target of $20.41 per share. During the same period in the previous year, the business earned $1.29 EPS. The multiline retail index of which Target is a part has tumbled 19 percent so far in 2017, with most of the news on the retail front being very bad. Stockholders of record on Wednesday, August 16th will be issued a $0.62 dividend.More news: Vanguard's global CEO to step down
According to Yahoo Finance, The Dividend Date for CVS Corp is Aug 3, 2017 and its Ex-Dividend Date is April 19, 2017. In the latest quarter, Target generated free cash flow of $817 million, compared to the dividend payment of $332 million. Target Corporation's dividend payout ratio is presently 48.98%.
Target Corporation (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 17th. If you are viewing this piece on another publication, it was copied illegally and republished in violation of USA and worldwide trademark & copyright legislation.
A number of hedge funds have recently added to or reduced their stakes in TGT.
The big-box retailer has been seen as straggling behind some of its peers, with Amazon snagging grocery chain Whole Foods and rival Wal-Mart beefing up its digital operations by buying Jet.com and also acquiring smaller apparel brands like Bonobos and Modcloth. Gordon Haskett initiated coverage on Target Corporation in a research note on Tuesday, May 9th. Finally, BidaskClub lowered shares of Target Corporation from a "hold" rating to a "sell" rating in a research note on Tuesday, June 20th.