(TGT) Expected to Announce Earnings of $1.05 Per Share

Owen Stevens
June 1, 2017

Target (NYSE:TGT) opened at 54.40 on Friday. The original version of this news story can be viewed at https://www.thestockobserver.com/2017/06/01/enterprise-financial-services-corp-has-275000-stake-in-target-co-tgt-updated.html. AlphaOne also assigned media stories about the retailer an impact score of 71 out of 100, meaning that recent media coverage is likely to have an impact on the company's share price in the near future.

TGT has been the subject of several research analyst reports. Piper Jaffray maintained Target Corporation (NYSE:TGT) on Thursday, February 4 with "Overweight" rating. The stock of Target Corporation (NYSE:TGT) earned "Buy" rating by Citigroup on Thursday, May 19. Deutsche Bank maintained the stock with "Hold" rating in Sunday, September 6 report. Zacks Investment Research upgraded Target from a "sell" rating to a "hold" rating in a report on Monday, February 20th.

Kidder Stephen W decreased Target Corp (TGT) stake by 63.5% reported in 2016Q4 SEC filing. The company has a consensus rating of Hold and an average price target of $65.49.

Among 32 analysts covering First Data Corp (NYSE:FDC), 24 have Buy rating, 0 Sell and 8 Hold. TGT's total short interest was 36.17M shares in June as published by FINRA. Insiders own 0.25% of the company's stock. Company insiders own 0.25% of the company's stock.

The stock volatility for week was 2.12% while for month was 2.35%.The stock, as of last close, traded 114.39% to its 52 week low and was changed -2.21% from its 52 week high. The share price has moved forward from its 20 days moving average 0.41% and negatively from its 50 days moving average -0.57%.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 17th. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $1.06. Revenue for the quarter also killed consensus, coming in at $16.02B, compared to the consensus of 15.63B. Target had a return on equity of 25.18% and a net margin of 4.75%. However the company reported $1.23 earnings per share for the same quarter during past year. Target posted earnings of $1.23 per share during the same quarter last year, which suggests a negative year over year growth rate of 14.6%. Investors of record on Wednesday, May 17th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Monday, May 15th. The shares were acquired at an average price of $58.95 per share, with a total value of $294,750.00.

Currently Target Corp (NYSE:TGT)'s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 85%. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The firm has "Underweight" rating given on Saturday, August 22 by Morgan Stanley. Following the acquisition, the director now owns 16,431 shares in the company, valued at $901,404.66. The disclosure for this purchase can be found here. Finally, Two Sigma Advisers LP increased its stake in Target by 652.1% in the third quarter. Aviance Capital Partners LLC boosted its position in Target by 3.9% in the third quarter. First National Bank Sioux Falls now owns 1,603 shares of the retailer's stock worth $110,000 after buying an additional 250 shares in the last quarter. Tompkins Financial Corp boosted its stake in shares of Target by 84.0% in the first quarter. Stephens Ar invested in 31,131 shares or 0.07% of the stock. Access Financial Services Inc.'s holdings in Target were worth $1,334,000 at the end of the most recent quarter. Reilly Financial Advisors LLC raised its position in Target by 77.6% in the first quarter. First Trust Advisors LP now owns 703,208 shares of the retailer's stock worth $48,296,000 after buying an additional 81,604 shares during the period. Finally, Pinnacle Bank purchased a new stake in shares of Target during the first quarter worth about $123,000. SignalPoint Asset Management LLC now owns 4,816 shares of the retailer's stock worth $331,000 after buying an additional 433 shares in the last quarter. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. The Company's 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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