News coverage about Target Corporation (NYSE:TGT) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Target Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the retailer an impact score of 45.4494854011084 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Target’s Prices Are Getting Cheaper and So Is Its Stock – Fortune (fortune.com)
- Trump could force a repeat of the Federal Reserve’s worst modern-day policy blunder – Business Insider (businessinsider.com)
- Target (TGT) Shares Slip on Thousands of New Price Cuts – Nasdaq (nasdaq.com)
- ‘They’ Were Way, Way, Way Off On Target – Seeking Alpha (seekingalpha.com)
- Target claws back after price cut announcement – Seeking Alpha (seekingalpha.com)
Shares of Target Corporation (NYSE TGT) traded down 1.97% during midday trading on Friday, hitting $57.27. The company’s stock had a trading volume of 10,951,402 shares. The firm has a market cap of $31.28 billion, a P/E ratio of 11.57 and a beta of 0.60. The stock’s 50 day moving average is $56.11 and its 200-day moving average is $55.29. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33.
Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion for the quarter, compared to analysts’ expectations of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Equities analysts predict that Target Corporation will post $4.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.33%. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. Target Corporation’s dividend payout ratio is presently 50.00%.
Several analysts have issued reports on the company. UBS AG restated a “neutral” rating and issued a $56.00 price objective (down previously from $60.00) on shares of Target Corporation in a research note on Tuesday, June 20th. BidaskClub lowered Target Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Vetr lowered Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective on the stock. in a research note on Monday, August 7th. Stifel Nicolaus restated a “hold” rating and issued a $60.00 price objective (up previously from $58.00) on shares of Target Corporation in a research note on Friday, August 18th. Finally, Gordon Haskett upgraded Target Corporation from a “sell” rating to a “hold” rating and upped their price objective for the company from $47.00 to $58.00 in a research note on Wednesday, August 16th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $61.64.
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In other news, insider Robert M. Harrison sold 2,639 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.
Target Corporation Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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