Target Corporation (TGT) Position Boosted by Palisade Asset Management LLC

Target Corporation (TGT) Position Boosted by Palisade Asset Management LLC

Target Corporation (TGT) Position Boosted by Palisade Asset Management LLC

Target Corp. (NYSE:TGT)'s stock had its "buy" rating reaffirmed by Buckingham Research in a research note issued to investors on Wednesday. The firm now has $67.50 target price on the retailer's stock. Zacks Investment Research downgraded shares of Target Corporation from a "buy" rating to a "hold" rating in a research note on Monday, October 23rd. Gordon Haskett raised shares of Target Corporation from a sell rating to a hold rating and upped their price target for the company from $47.00 to $58.00 in a research note on Wednesday, August 16th. They set a "buy" rating and a $85.00 target price for the company.

Excluding items, the company earned a profit of 91 cents per share, beating the average analyst estimate of 86 cents. The company presently has a consensus rating of "Hold" and a consensus price target of $74.25. Target Corporation has a one year low of $48.56 and a one year high of $79.33. (NYSE:TGT) opened at 65.39 on Wednesday. The stock has a market cap of $32,992.40, a PE ratio of 12.25, a price-to-earnings-growth ratio of 2.84 and a beta of 0.63. After a recent look, shares have been seen 4.04% from the 200-day moving average, and -0.18% from the 50-day moving average. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. Guidance for earnings per share in the range of $1.05 to $1.25 is well below last year's fourth quarter EPS of $1.46 as the company continues to invest in labor and price while absorbing greater costs related to fulfillment during what is expected to be the most digital Christmas ever. The firm had revenue of $16.43 billion during the quarter, compared to analyst estimates of $16.30 billion.

Net income fell to $480 million, or 88 cents per share, in the third quarter ended October 28, from $608 million, or $1.06 per share, a year earlier, on higher selling and general expenses.

Stock: Shares dropped 5% to 5710 early in the stock market today after closing up 0.5% to 60.09 Tuesday. Gamble Jones Investment Counsel boosted its holdings in shares of Target Corporation by 0.4% in the 2nd quarter.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, November 14th. In terms of recent volatility, the average for the month is 2.13% and 3.18% for the past week. This represents a $2.48 annualized dividend and a yield of 4.11%. Sell-side analysts have also provided a consensus recommendation of 3.00 on company shares. The stock was sold at an average price of $75.45, for a total transaction of $298,555.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. During the same quarter previous year, the firm earned $1.23 EPS. The firm owned 196,654 shares of the retailer's stock after acquiring an additional 2,830 shares during the quarter. ELCO Management Co. LLC bought a new stake in Target Corp. during the third quarter worth about $1,034,000. TN purchased a new stake in shares of Target Corporation in the second quarter valued at approximately $234,000. Institutional investors and hedge funds own 83.51% of the company's stock. The comp growth was nearly entirely driven by digital channel sales that increased 24% and accounted for 0.8% of the total comp growth. The Company's general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

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