Monday, 10 December, 2018

Target (TGT) Now Covered by Analysts at Credit Suisse Group

Target Corp Target (TGT) Now Covered by Analysts at Credit Suisse Group
Nellie Chapman | 07 March, 2018, 12:00

Deutsche Bank upgraded shares of Target from a "neutral" rating to a "positive" rating and lifted their target price for the stock from $57.00 to $70.00 in a report on Wednesday, January 10th. Stifel Nicolaus maintained Target Corporation (NYSE:TGT) rating on Monday, September 18. Rating Scale; where 1.0 rating mean Strong Buy, 2.0 rating signifies Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Gordon Haskett has "Hold" rating and $58 target.

Target (NYSE:TGT) opened at $75.14 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. The company has a market cap of $40,849.49, a P/E ratio of 15.72, a P/E/G ratio of 3.55 and a beta of 0.71.

Target Co. has a 52 week low of $48.56 and a 52 week high of $78.70.

Analysts await Target Corporation (NASDAQ:TGT) to report earnings on Mar, 06 for the fiscal quarter ending Jan 2018.

The big box retailer expects adjusted earnings of $1.25 to $1.45 per share, against analyst estimates for $1.40 per share. Bloomberg News pointed out Target reported its weakest holiday quarter gross profit margins in 20 years. For the full year, Target expects EPS ranging from $5.15 to $5.45, straddingly Wall Street's $5.26 per share estimate. The initiative is part of Target's multi-year $7 billion plan announced last year that aimed to fully integrate stores and e-commerce and use its 1,800 stores to speed up delivery. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.62 per share.

For the trailing twelve months, this company is paying dividend with the payout ratio of 3.30% to its shareholders. The ex-dividend date is Tuesday, February 20th. The stock decreased 0.01% or $0.01 during the last trading session, reaching $75.14. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. Following the completion of the transaction, the insider now owns 16,906 shares in the company, valued at $1,320,020.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

In other news, Director Roxanne S. Austin sold 4,705 shares of the firm's stock in a transaction that occurred on Friday, December 15th. Over the last quarter, insiders have sold 16,262 shares of company stock worth $1,185,484. The disclosure for this sale can be found here.

A number of analysts have recently weighed in on TGT shares. Credit Suisse Group initiated coverage on shares of Target in a research report on Monday, February 26th. Carnick & Kubik Group LLC purchased a new stake in shares of Target in the third quarter worth $554,000. It also increased its holding in Generac Holdings Inc (NYSE:GNRC) by 16,314 shares in the quarter, for a total of 335,446 shares, and has risen its stake in At & T Inc Com (NYSE:T). Security Asset Management bought a new stake in shares of Target during the fourth quarter valued at about $115,000. Westside Investment Management Inc. now owns 1,600 shares of the retailer's stock valued at $107,000 after buying an additional 900 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Target by 5.1% in the 3rd quarter. ETRADE Capital Management LLC now owns 6,747 shares of the retailer's stock valued at $440,000 after purchasing an additional 1,069 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Enterprise Leader and is owned by of Enterprise Leader. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & global copyright and trademark legislation. "At our Financial Community Meeting later this morning, we will outline our plans to continue investing in our team and make 2018 a year of acceleration in the areas that set Target apart- our stores, exclusive brands, and rapidly-growing suite of fulfillment options". Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.