Target Corporation (NYSE:TGT) Chalking Up Volume in Session
- Author: Zachary Reyes May 25, 2017,
May 25, 2017, 13:02
Pacific Global Investment Management Co owns 770,055 shares or 1.98% of their United States portfolio.
Since the beginning of the calendar year, the stock is -24.56%. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: "Target: Looking Beyond The Headline Beat" published on May 17, 2017 as well as Benzinga.com's news article titled: "Dan Nathan's Target Trade" with publication date: May 22, 2017. Somerset Trust Co increased its position in shares of Target by 1.9% in the first quarter. Boston Family Office Llc sold 4,900 shares as Target (TGT)'s stock declined 14.90%. Rockland Trust Co. now owns 15,818 shares of the retailer's stock valued at $1,086,000 after buying an additional 465 shares in the last quarter. Linscomb & Williams Inc. boosted its stake in Target by 0.7% in the fourth quarter. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.31% with $550.69 Million sitting short, betting on future declines. Investment Centers of America Inc. now owns 62,502 shares of the retailer's stock worth $3,448,000 after buying an additional 5,452 shares during the period. The Company has 52-week high of $78.61 and 52-week low of $52.72.
Covering sell-side analysts have recently weighed in on shares of Target Corporation (NYSE:TGT). (TGT) has a trading volume of 7.13 Million shares, with an average trading volume of 12440 shares - with shares dropping to a 52 week low of $52.72, and the company's shares hitting a 52 week high of $ 79.33. The company has a market capitalization of $29.86 billion, a P/E ratio of 11.09 and a beta of 0.63. The stock has a 50-day moving average of $55.20 and a 200 day moving average of $64.00.
Ngam Advisors Lp decreased its stake in Target Corp (TGT) by 29.93% based on its latest 2016Q4 regulatory filing with the SEC.
The average 1-year price target for Target Corporation (NYSE:TGT) - averaging the work of different analysts - reveals a mean PT of $58.92/share. The business had revenue of $16.02 billion during the quarter, compared to the consensus estimate of $15.63 billion. Target had a net margin of 4.75% and a return on equity of 25.18%. While in the same Quarter Previous year, the Actual EPS was $1.23. During the same quarter in the prior year, the business earned $1.29 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Saturday, June 10th.
The stock is now showing YTD performance of -23.22 Percent. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Monday, May 15th. Target's dividend payout ratio is now 42.93%.
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A number of brokerages have weighed in on TGT. The share price of the stock surged 24.23% for the year. Jefferies Group LLC reiterated a "hold" rating and set a $59.00 price target (up previously from $56.00) on shares of Target in a report on Friday, May 19th. Vetr upgraded the stock to "Strong-Buy" rating in Tuesday, September 8 report. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company.
Want to receive stock recommendations on Target Corporation (NYSE:TGT) as well as the latest stock picks before the Street? The shares were bought at an average cost of $54.86 per share, with a total value of $548,600.00. The company has market cap of $3.26 billion. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cathy R. Smith acquired 5,000 shares of Target stock in a transaction that occurred on Wednesday, March 1st. The stock was purchased 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. Shares of Halliburton Company (HAL) have sank -12.48% in the past three months, while the S&P 500 has dropped -12.18% in that time. Company insiders own 0.25% of the company's stock. The Company's general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.