Somewhat Favorable Media Coverage Extremely Likely to Affect Target (TGT) Share Price
News headlines about Target (NYSE:TGT) have been trending somewhat positive on Thursday, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Target earned a media sentiment score of 2.00 on their scale. InfoTrie also gave news articles about the retailer an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have effected Target’s score:
- Target Talks Rising Traffic and Falling Profit Margins (fool.com)
- Target Fails To Hit The Bullseye: Will It Continue To Tank? (seekingalpha.com)
- Target ready for Black Friday after bleak numbers Tuesday (bizjournals.com)
- Target: Have The Good Times Come To An End? (seekingalpha.com)
- Target Falls After Q3 Print: Should Investors Buy The Dip? (benzinga.com)
Several brokerages have weighed in on TGT. ValuEngine lowered Target from a “buy” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets set a $70.00 target price on Target and gave the stock a “hold” rating in a research report on Tuesday. Deutsche Bank set a $82.00 target price on Target and gave the stock a “hold” rating in a research report on Wednesday. Credit Suisse Group raised Target to a “buy” rating and set a $94.00 target price on the stock in a research report on Tuesday. Finally, Stifel Nicolaus upped their target price on Target from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $88.19.
Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, November 20th. The retailer reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.02). The company had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.81 billion. Target had a net margin of 4.19% and a return on equity of 24.29%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. Research analysts expect that Target will post 5.41 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Tuesday, November 20th. Target’s dividend payout ratio is 54.35%.
In related news, insider Stephanie A. Lundquist sold 2,100 shares of the stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $86.00, for a total transaction of $180,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Janna A. Potts sold 15,172 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $88.00, for a total value of $1,335,136.00. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.
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Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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