Published: Sat, July 15, 2017
Life&Culture | By Rose Hansen

Target Still Faces 'Daunting' Challenges, Despite Upbeat Q2 Forecast

Target Still Faces 'Daunting' Challenges, Despite Upbeat Q2 Forecast

Several other brokerages have also weighed in on TGT. Citigroup Inc. lowered Target Corporation from a buy rating to a neutral rating and lifted their price target for the stock from $51.00 to $56.00 in a research report on Wednesday, June 21st. Buckingham Research restated a "buy" rating and issued a $71.00 price target on shares of Target Corporation in a report on Wednesday, April 19th. Below is a list of Target Corporation (NYSE:TGT) latest ratings and price target changes.

Target Corporation (TGT) traded down 0.34% during midday trading on Friday, hitting $53.13. The company has market cap of $46.69 billion. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33. There are brokerage firms with lower targets than the average, including one setting a price target of $44. Target Corporation also saw some unusual options trading on Thursday. Stock investors acquired 38,360 call options on the stock.

The consensus analysts recommendation at this point stands at 3.10 on Target Corporation (NYSE:TGT).

The retailer said it now expects a modest increase in its second quarter comparable sales.

In his statement Thursday, CEO Brian Cornell said broad-based improvement in traffic and category sales trends in the second quarter, despite continued challenges in the competitive environment, led to the company's elevated guidance. Annual EPS Growth of past 5 years is 1.40%.

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Stock has got OUTPERFORM rating from 16 analyst (s) whereas last month 15 analyst (s) have given outperform rating. On average, equities research analysts predict that Target Corporation will post $4.34 EPS for the current year. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of global trademark and copyright laws. Investors of record on Wednesday, August 16th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Monday, August 14th. In addition, Target expects second quarter adjusted earnings to be above the high end of its previous guidance range of $0.95 to $1.15. Cowen & Co downgraded Target Corporation (NYSE:TGT) on Monday, September 12 to "Market Perform" rating.

In related news, insider Robert M. Harrison sold 2,639 shares of the company's stock in a transaction that occurred on Wednesday, July 5th. They now have a United States dollars 52 price target on the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Gould Asset Management LLC CA now owns 8,275 shares of the retailer's stock valued at $598,000 after buying an additional 25 shares in the last quarter. RI boosted its stake in Target Corporation by 0.4% in the first quarter. OLD National Bancorp IN now owns 62,330 shares of the retailer's stock worth $3,440,000 after buying an additional 7,547 shares in the last quarter. Target releases its second-quarter financial results next month. During the same quarter a year ago, the firm posted $1.29 earnings per share. Finally, Penserra Capital Management LLC boosted its position in Target Corporation by 9.5% in the first quarter.

EPS in next five year years is expected to touch -4.50% while EPS growth in past 5 year was 1.40% along with sales growth of -0.10% in the last five years. 2702 shares were traded on Target Corporation's last session.

Other research analysts also recently issued research reports about the stock.

Target (TGT) is a very profitable and affordable retailer, which had to battle dropping same store sales.

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