Appleton Partners Inc. MA Reduces Stake in Target Corporation (TGT)

Xavier Trudeau
Juin 21, 2017

Vetr cut shares of Target Corporation from a "buy" rating to a "hold" rating and set a $59.66 price objective on the stock.in a research report on Monday, June 12th. Archon Capital Management Llc owns 253,940 shares or 1.54% of their USA portfolio. First Trust Advisors LP now owns 703,208 shares of the retailer's stock valued at $48,296,000 after buying an additional 81,604 shares in the last quarter. First National Bank Sioux Falls raised its position in shares of Target Corporation by 18.5% in the third quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer's stock worth $125,000 after buying an additional 1,225 shares during the period. "Raises Stake in Target Corporation (TGT)" was first reported by Markets Daily and is the property of of Markets Daily. Inc. now owns 6,173 shares of the retailer's stock valued at $424,000 after buying an additional 500 shares in the last quarter.

More notable recent Target Corporation (NYSE:TGT) news were published by: Seekingalpha.com which released: "Target's "Glide Path" Becomes A Crawl" on June 14, 2017, also Seekingalpha.com with their article: "Amazon Just Brought The Sale Of A Lifetime..." Peoples Financial Services CORP. now owns 2,275 shares of the retailer's stock valued at $125,000 after buying an additional 1,225 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,307,951 shares of the retailer's stock worth $568,896,000 after buying an additional 1,279,077 shares during the last quarter. Moreover, Shannon River Fund Management Llc has 3.98% invested in the company for 657,361 shares.

Target Corporation has a consensus hold rating from 25 Wall Street analysts, and the number of shares now sold short amount to at least 6.34% of shares outstanding. Target Corporation (TGT) has made its way to a 12-month decline of -21.45%. The company's 50 day moving average is $55.81 and its 200-day moving average is $61.88. The stock of Target Corporation (NYSE:TGT) has "Buy" rating given on Friday, July 29 by Miller Tabak. This is an increase of approximately 262% compared to the typical volume of 1,363 call options. The stock of Target Corporation (NYSE:TGT) has "Neutral" rating given on Thursday, November 19 by M Partners. Analysts are forecasting earnings of $1.05 on a per share basis this quarter. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The company had revenue of $16.02 billion during the quarter, compared to the consensus estimate of $15.63 billion. That value represents a market adjusting for revenues that have been falling by -1.11 % on a quarterly year/year basis as of the company's last quarterly report. The average annual EPS growth estimates for the next one year is at -1.51%.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Moreover, Cannell Capital Llc has 0.94% invested in the company for 836,920 shares.

Investors saw a high income stock with dividend yields over 2%. This is an increase from Target Corporation's previous quarterly dividend of $0.60. On Monday, August 17 the stock rating was maintained by Deutsche Bank with "Hold". Target Corporation's dividend payout ratio (DPR) is 48.98%. As of the end of the quarter Piedmont Investment Advisors LLC had disposed of 14,790 shares trimming its holdings by 7.5%. If you are reading this news story on another website, it was copied illegally and republished in violation of US and worldwide copyright law.

Several equities analysts have recently weighed in on the company.

A number of research firms have issued reports on TGT. BidaskClub raised Target Corporation from a "sell" rating to a "hold" rating in a report on Tuesday, June 13th. Zacks Investment Research raised Target Corporation from a "sell" rating to a "hold" rating in a report on Monday, February 20th. Instinet reduced their price target on shares of Target Corporation to $60.00 in a research report on Wednesday, March 1st. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company's stock. M Partners maintained Target Corporation (NYSE:TGT) on Thursday, August 20 with "Neutral" rating.

Target Corporation 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.

D'autres rapports CampDesrEcrues

Discuter de cet article

SUIVRE NOTRE JOURNAL