Trading Vision: Active Stock Focus on Shares of Target Corporation (NYSE:TGT)

Equities analysts predict that Target Co. The business is expected to report its next quarterly earnings results before the market opens on Wednesday, May 17th.

The analyst estimate of $4.00 in EPS for the whole year looks rather conservative as well, when we account for the fact that the quarter which was supposed to be the worst (Q1) already brought in much more than one dollar in earnings per share. This estimate is provided by 15620000 analysts. Now Target Corporation's current price is $21.65 shy of the official highest sell-side analyst price target on Wall Street.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, February 28th. The institutional investor owned 5,000 shares of the retailer's stock at the end of the first quarter.

Analysts are also projecting an Average Revenue Estimate for Target $19000 in the Current Quarter. Target had a net margin of 4.75% and a return on equity of 25.18%. The firm's revenue was down 4.3% compared to the same quarter past year. The company forecast Q1 EPS between $0.80 and $1.00, with full-year EPS of $3.80 to $4.20.

Several other equities analysts also recently weighed in on the company. TheStreet cut Target from a b- rating to a c+ rating in a report on Monday, March 27th. Instinet decreased their price objective on shares of Target to $60.00 in a research report on Wednesday, March 1st. Finally, Credit Suisse Group AG downgraded Target from a neutral rating to a sell rating and dropped their price target for the stock from $77.00 to $67.00 in a research report on Friday, January 20th. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Target presently has a consensus rating of "Hold" and a consensus target price of $66.40. Also, Director Donald R. Knauss acquired 10,000 shares of the stock in a transaction that occurred on Thursday, March 9th. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 19,000 shares of company stock worth $1,073,750 over the last ninety days. The stock was bought at an average price of $58.20 per share, with a total value of $116,400.00. The disclosure for this purchase can be found here. The stock was acquired at an average cost of $54.86 per share, for a total transaction of $548,600.00.

Target's first quarter financial performance was better than our expectations, reflecting strong execution by our team as they delivered for our guests in a very choppy environment. Cribstone Capital Management LLC boosted its position in shares of Target by 114.2% in the first quarter. Looking back over the last month, shares have performed 3.67%. Finally, Morgan Stanley increased its stake in shares of Target by 31.8% in the third quarter. First National Bank Sioux Falls now owns 1,603 shares of the retailer's stock valued at $110,000 after buying an additional 250 shares during the period. Edmond DE Rothschild Holding S.A. now owns 24,540 shares of the retailer's stock valued at $1,355,000 after buying an additional 5,129 shares in the last quarter.

Target Corporation (NYSE:TGT) was down -0.81% at $55.35 on Monday, in a 52-week range of $52.72 to $78.61 and with a consensus analyst target price of $59.43. 11,944,459 shares of the stock were exchanged. Target Co. The company's 50-day moving average price is $55.00 and its 200-day moving average price is $64.70. The stock has a market capitalization of $30.59 billion, a P/E ratio of 11.785 and a beta of 0.63.

The High Revenue estimate is predicted as 15.86 Billion, while the Low Revenue Estimate prediction stands at 15.38 Billion. 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. This increase is typical for the uptrend and shows the considerable optimism among investors. The ex-dividend date of this dividend is Monday, May 15th.

Target's shareholder returns stood out in the first quarter as well, with $640 million returned to the company's owners in one quarter the annualized shareholder yield is roughly 8% (using the pre-market share price). Target's dividend payout ratio (DPR) is 42.93%.

As far as timing of the report, TGT released its numbers at 6:30am ET last quarter, so it's fair to think the timing will be similar this time around. If you are viewing this news story on another site, it was copied illegally and republished in violation of U.S. and global trademark & copyright law. The Company's general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

  • Zachary Reyes