Target Corporation Earnings Ahead: Quick Glance

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Target Corp. on 02/28/2017 reported its EPS as $1.45 with the analysts projecting the EPS of the stock as $1.51.

"We are in the early stage of a multi-year effort to position Target for profitable, consistent long-term growth, and while we are confident in our plans, we are facing multiple headwinds in the current landscape", said CEO Brian Cornell.

Now the shares of Target Corp. (NYSE:TGT) opened at 55.04 on Thursday. The firm has a market capitalization of $30.83 billion, a price-to-earnings ratio of 11.877 and a beta of 0.63. The company's 50-day moving average price is $54.92 and its 200 day moving average price is $64.79.

Previously on 5/10/2017, Vetr Inc. released a statement about Target Corporation (NYSE:TGT) increased the target price from $0.00 to $61.86. The company reported EPS of $1.45, below the consensus estimate calling for EPS of $1.51 - a positive surprise of 3.72%. Target had a net margin of 4.75% and a return on equity of 25.18%. During the same quarter previous year, the company posted $1.29 EPS. On average, analysts expect that Target Co. will post $4.15 earnings per share for the current fiscal year.

Investors looking to grow long term wealth should devote at least some of their portfolio to companies that pay dividends.

On 1/12/2017 Target announced a quarterly dividend of $0.60 3.37% with an ex dividend date of 2/13/2017 which will be payable on 3/10/2017. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.36%.

A number of research analysts have weighed in on TGT shares. Strong earnings growth is essential to a stock's success and has the greatest impact on its future price performance.

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The consensus recommendation, according to Zacks Investment research, is 2.96.

Additionally on 3/01/17 Telsey Advisory Group "Downgrades" Target Corp (NYSE:TGT) to Market Perform setting price target at $58 and on 2/10/17 Susquehanna "Initiates Coverage On" the stock to Neutral at $70. The stock of Target Corporation (NYSE:TGT) earned "Neutral" rating by M Partners on Thursday, November 19. Buckingham Research reaffirmed a "buy" rating and set a $71.00 price target on shares of Target in a research report on Wednesday, April 19th.

The company's consensus rating is now Hold, with 3 analysts rating it a Strong Buy, and 11 analysts rating it with a Hold. Target Corp. P/E (price to earnings) ratio is 11.98 and Forward P/E ratio of 13.63. Also, Director Donald R. Knauss acquired 10,000 shares of the company's stock in a transaction on Thursday, March 9th. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Following the transaction, the director now owns 16,431 shares in the company, valued at $901,404.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

On 3/6/2017 Don H Liu, Insider, bought 2,000 with an average share price of $57.00 per share and the total transaction amounting to $114,000.00. The firm owned 8,064 shares of the retailer's stock after buying an additional 1,844 shares during the period. The disclosure for this purchase can be found here. Sigma Planning Corp now owns 18,060 shares of the retailer's stock valued at $997,000 after buying an additional 1,397 shares during the period. Company insiders own 0.25% of the company's stock.

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Several other institutional investors have also added to or reduced their stakes in TGT. First National Bank Sioux Falls boosted its position in shares of Target by 18.5% in the third quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer's stock valued at $2,596,495,000 after buying an additional 44,877,391 shares during the last quarter.