Target Corporation (NASDAQ:TGT) To Release Earnings
10 March, 2018, 03:04 | Author: Shawna Walton
If the $78.90 price target is reached, the company will be worth $2.04B more.
Other hedge funds have also recently modified their holdings of the company. Bedell Frazier Investment Counseling LLC acquired a new position in shares of Target in the third quarter valued at approximately $219,000.
Adjusted earnings per share from continuing operations for the fourth-quarter of 2017 were $1.37 compared to $1.45 in the prior year.
UBS Asset Management Americas Inc. reduced its stake in Target Co. Pacer Advisors Inc. now owns 37,779 shares of the retailer's stock worth $2,229,000 after purchasing an additional 2,422 shares in the last quarter. Hamlin Capital Management LLC bought a new position in shares of Target in the 4th quarter worth $60,860,000. Heritage Trust Co now owns 1,771 shares of the retailer's stock worth $105,000 after buying an additional 1,000 shares during the period.
Investors are eager to hear more Tuesday during the company's annual meeting at its headquarters. The shares were sold at an average price of $78.08, for a total transaction of $234,240.00. Following the sale, the insider now owns 16,906 shares in the company, valued at $1,320,020.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The disclosure for this sale can be found here. Following the completion of the sale, the insider now owns 13,288 shares in the company, valued at $1,019,721.12. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. (NYSE TGT) traded down $0.28 during trading hours on Wednesday, hitting $71.51. The company now has an average rating of Hold and an average price target of $72.93. Target Co. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The company has a market cap of $40,844.05, a P/E ratio of 15.02, a PEG ratio of 3.54 and a beta of 0.71.
(TGT) on Tuesday reported a 35 percent increase in profit for the fourth quarter of 2017 from past year.
In recent action, Target Corporation (TGT) has made a move of +3.00% over the past month, which has come on weak relative transaction volume.
The retailer posted fourth-quarter earnings that fell short of analysts' estimates, sending the shares down as much as 4.7% in early trading. During the same period in the prior year, the business earned $1.45 EPS.
Revenue rose 10 percent to $22.77 billion, edging out expectations for $22.46 billion.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be given a dividend of $0.62 per share. That value represents a market adjusting for revenues that have been growing by 1.37 % on a quarterly year/year basis as of the company's last quarterly report. Target's dividend payout ratio (DPR) is 52.10%.
Some 50% of Target's online orders during the holiday quarter were filled by a store and operations chief John Mulligan told analysts that shipping from a store was much cheaper than from a dedicated fulfillment center and that it was cost efficient to retool parts of the stores, with a big ramp up during the holidays, compared to open large new centers. Also, insider Stephanie A. Lundquist sold 3,000 shares of the firm's stock in a transaction dated Tuesday, January 23rd. Finally, Vetr lowered shares of Target from a "strong-buy" rating to a "buy" rating and set a $64.00 price target on the stock.in a report on Monday, November 20th. The rating was upgraded by Zacks to "Hold" on Thursday, August 20. Telsey Advisory Group dropped their price target on Target from $83.00 to $80.00 and set a "market perform" rating on the stock in a research report on Wednesday. Bank of America maintained the stock with "Buy" rating in Friday, August 18 report. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Target presently has a consensus rating of "Hold" and a consensus target price of $73.97.
TRADEMARK VIOLATION WARNING: "The Manufacturers Life Insurance Company Sells 62,146 Shares of Target Co".
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