Published: Wed, August 16, 2017
Money | By Armando Alvarado

Target Corporation (TGT)'s Stock Is Buy After Today's Huge Increase

Target Corporation (TGT)'s Stock Is Buy After Today's Huge Increase

In terms of a technical look around Target Corporation (TGT) stock price comparison to its moving averages, shares of company spotted the move of 2.91% isolated from the 50-day moving average and derived distance of -0.19% away from 20-day moving average in the most recent session. Institutional investors and hedge funds own 82.59% of the company's stock. Susquehanna initiated Target Corporation (NYSE:TGT) on Friday, February 10 with "Neutral" rating. It also reduced Amgen Inc (NASDAQ:AMGN) stake by 19,489 shares and now owns 105,480 shares. Sterling Capital Management LLC boosted its position in shares of Target Corporation by 152.8% in the second quarter. Gradient Investments LLC now owns 93,276 shares of the retailer's stock valued at $5,148,000 after buying an additional 21,631 shares during the last quarter. Stonebridge Capital Advisors LLC now owns 35,785 shares of the retailer's stock valued at $1,975,000 after buying an additional 11,537 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Target Corporation by 11.6% in the first quarter. Prudential Financial Inc. now owns 2,634,644 shares of the retailer's stock valued at $145,406,000 after buying an additional 66,690 shares during the last quarter.

Shares of Target Corporation (TGT) opened at 54.35 on Wednesday. The company had a trading volume of 9,457,262 shares. The company has market cap of $30.78 billion.

Target announced its results on the heels of the news that it was acquiring technology transportation company Grand Junction, and that it was expanding its next-day delivery pilot, Target Restock. The retailer reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.30. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. That compared with consensus estimates from Thomson Reuters that called for $1.19 in EPS and revenue of $16.3 billion. The 1 year EPS growth rate is -12.70%. During the same quarter a year ago, the firm posted $1.29 EPS. Equities research analysts predict that Target Corporation will post $4.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th.

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During the second quarter, the company returned $627 million to shareholders, which consisted of $331 million in dividends and the remainder being share repurchases. Target Corporation is expected to give up sales by -0.11% in next year to $69.95B. The ex-dividend date is Mon, Aug 14th. this indicates a $2.48 annual dividend and a payout of 4.45%. This represents a $2.48 dividend on an annualized basis and a yield of 4.56%.

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Several brokerages have recently weighed in on TGT. Vetr raised shares of Target Corporation from a "hold" rating to a "buy" rating and set a $59.67 price objective on the stock in a research report on Monday. Cowen and Company restated a "market perform" rating and set a $64.00 target price on shares of Target Corporation in a research note on Friday, July 14th.

Now we take a performance look how Target Corporation (TGT) has been performing in different time periods. They set a sell rating and a $47.00 price objective on the stock. BidaskClub raised Target Corporation from a "sell" rating to a "hold" rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Target Corporation from a "sell" rating to a "hold" rating in a research note on Monday, May 15th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the stock. Target Corporation presently has a consensus rating of "Hold" and an average price target of $61.99.

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