Target (TGT) Earning Somewhat Favorable Media Coverage, Accern Reports
News stories about Target (NYSE:TGT) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Target earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the retailer an impact score of 78 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Can Target Buy a Grocery Chain? (feedproxy.google.com)
- Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé – New York Times (nytimes.com)
- Nestle Said to Be Targeted by Activist Dan Loeb’s Third Point (bloomberg.com)
- Today’s Research Reports on Trending Tickers: Sears Holdings and Target (finance.yahoo.com)
- Target Removing Just Mayo and Other Hampton Creek Products From Shelves (finance.yahoo.com)
Several research firms have weighed in on TGT. Cowen and Company restated a “market perform” rating and set a $75.00 price objective on shares of Target in a report on Tuesday, February 28th. Vetr downgraded shares of Target from a “buy” rating to a “hold” rating and set a $59.51 price objective on the stock. in a report on Tuesday, May 9th. UBS AG restated a “neutral” rating and set a $72.00 price objective on shares of Target in a report on Tuesday, February 28th. Instinet lowered their price objective on shares of Target to $60.00 in a report on Wednesday, March 1st. Finally, BMO Capital Markets restated a “market weight” rating and set a $60.00 price objective (down previously from $74.00) on shares of Target in a report on Sunday, March 5th. Seven investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $63.76.
Shares of Target (TGT) traded up 1.34% during trading on Monday, reaching $51.44. 3,854,778 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $55.56 and a 200 day moving average price of $61.25. The firm has a market cap of $28.38 billion, a price-to-earnings ratio of 10.54 and a beta of 0.58. Target has a 12 month low of $48.56 and a 12 month high of $79.33.
Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.30. Target had a net margin of 4.23% and a return on equity of 24.72%. The firm had revenue of $16.02 billion during the quarter, compared to analyst estimates of $15.63 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts forecast that Target will post $4.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.82%. This is a positive change from Target’s previous quarterly dividend of $0.60. Target’s dividend payout ratio is presently 48.98%.
Target 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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