Target (NYSE:TGT) reports 1Q17 Profit Down 6%; Beats Street View

Lucy Hill
May 20, 2017

First National Bank Sioux Falls now owns 1,603 shares of the retailer's stock worth $110,000 after buying an additional 250 shares during the last quarter. After a recent check, company stock has been trading near the $54.59 mark. Investment Centers of America Inc. now owns 62,502 shares of the retailer's stock worth $3,448,000 after buying an additional 5,452 shares in the last quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer's stock worth $125,000 after buying an additional 1,225 shares during the last quarter. Sigma Planning Corp increased its stake in Target by 8.4% in the first quarter.

While looking at the Stock's Performance, Target Corp. now shows a Weekly Performance of -5.77%, where Monthly Performance is 2.69%, Quarterly performance is -16.29%, 6 Months performance is -23.03% and yearly performance percentage is -23.29%. The stock of Target Corporation (NYSE:TGT) has "Outperform" rating given on Thursday, February 25 by Cowen & Co. Trend analysis is based on historical data about the stock's performance given the overall trends of the market and particular indicators within the market. Balentine LLC boosted its position in Target by 1.0% in the third quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer's stock worth $110,000 after buying an additional 874 shares during the last quarter.

Several institutional investors have recently made changes to their positions in the stock.

Target Co. has a 1-year low of $52.72 and a 1-year high of $79.33.

Target Corp. (TGT) belonging to the Retail-Wholesale sector has declined -0.81% and closed its last trading session at $55.35. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Target Co. The firm has a market capitalization of $30.70 billion, a P/E ratio of 11.83 and a beta of 0.63. The company has a 50-day moving average price of $55.14 and a 200-day moving average price of $64.38.

The company reported the earnings of $1.45/Share in the last quarter where the estimated EPS by analysts was $0.91/share. The company reported EPS of $1.45, below the consensus estimate calling for EPS of $1.51 - a positive surprise of 3.72%.

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The High Revenue estimate is predicted as 15.86 Billion, while the Low Revenue Estimate prediction stands at 15.38 Billion. The Return on Equity ratio of Target Corp. The company's quarterly revenue was down 1.1% compared to the same quarter previous year.

Target Corp. (TGT) is expected to post revenue of $15.92 Billion in the current quarter, according to consensus of 18 analysts.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.60 per share. The company's trailing twelve month income is 2.67 Billion dollars and is paying 4.3% dividend yield annually.

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. Target now has a consensus rating of "Hold" and a consensus price target of $66.15. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright legislation. The original version of this piece of content can be accessed at Susquehanna Bancshares Inc started coverage on Target in a research note on Friday, February 10th. Finally, Barclays PLC cut their price target on shares of Target from $60.00 to $50.00 and set an "underweight" rating on the stock in a report on Wednesday, March 1st. Morgan Stanley reiterated an "underweight" rating and set a $65.00 price objective on shares of Target in a research report on Wednesday, January 18th. Buckingham Research reissued a "buy" rating and set a $71.00 price objective on shares of Target in a research report on Wednesday, April 19th. They issued a "hold" rating and a $72.00 price objective for the company. Zacks Investment Research upgraded shares of Target from a "sell" rating to a "hold" rating in a research report on Monday.

Target Corp. was covered by a number of analysts recently, 4 rated the stock as Buy, 18 rated Hold, 1 rated sell and 3 gave an Underperform.

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