Tuesday, 24 October, 2017

Target Corporation (TGT) Reports Smaller Than Expected Decline In Revenue And EPS

Jeannie Matthews | 20 May, 2017, 02:01

Its book value per share for the most recent quarter is $19.56 while its price to book ratio for the same period is 2.85, as for as the company's cash per share for the most recent quarter is $4.53, however its price to cash per share ratio for the same period is 12.31.

Other research analysts also recently issued reports about the company. First National Bank Sioux Falls boosted its position in shares of Target by 18.5% in the third quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer's stock worth $101,000 after buying an additional 1,016 shares during the last quarter.

Target's Q1 profit of $1.21 per share significantly beat analysts' expectations of a profit of 91 cents per share. Over the last three months, the shares of the company have changed -16.94% and performed -22.22% over the last six months.

The share of Target Corp. Welch & Forbes LLC boosted its stake in shares of Target by 0.3% in the first quarter. Osborne Partners Capital Management LLC now owns 75,312 shares of the retailer's stock valued at $4,156,000 after buying an additional 270 shares during the period.

Target Corporation has 52 week low of $52.72 and a 52 week high of $79.33 with a PE ratio of 11.79 and has a market capitalization of $0.

Target Corp. (TGT) belonging to the Retail-Wholesale sector has declined -0.81% and closed its last trading session at $55.35.

Target Corp. (TGT)'s distance from 200 day simple moving average is -15.24 percent, its distance from 50 day simple moving average is 1.49 percent, while its distance from 20 day simple moving average is 0.04 percent.

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The company reported the earnings of $1.45/Share in the last quarter where the estimated EPS by analysts was $0.91/share.

While considering growth estimates of the company, it has next quarter growth estimates of -18.7% whereas during current quarter it has -29.5% estimations over growth, comparing to the estimations of -20.2% during current year and 1% for next year. During the same period previous year, the business posted $1.29 EPS. This compares to year-ago quarter's $1.29 in EPS and a revenue of $16.20 billion. Equities research analysts forecast that Target Co. will post $4.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. The stock's Dividend Yield stands at 4.40%. The ex-dividend date is Monday, May 15th.

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A number of research firms have recently commented on TGT. High growth rates in EPS are more reliable in the case of "matured companies" which has experienced a complete economic cycle of expansion and contraction, through a bear market phase and a bull run. TheStreet lowered shares of Target from a "b-" rating to a "c+" rating in a research report on Monday, March 27th. They issued a "hold" rating and a $72.00 price objective for the company. Zacks' sales averages are an average based on a survey of research analysts that that provide coverage for Target.

In terms of Buy, Sell or Hold recommendations, Target Corp (NYSE:TGT) has analysts' mean recommendation of 2.9. Target presently has a consensus rating of "Hold" and an average target price of $66.15.

In other news, Director Donald R. Knauss bought 10,000 shares of the business's stock in a transaction on Thursday, March 9th. The shares were acquired at an average cost of $58.20 per share, for a total transaction of $116,400.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cathy R. Smith acquired 5,000 shares of the firm's stock in a transaction dated Wednesday, March 1st.

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