Vendredi, 17 Novembre 2017
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Principale » Target forecasts a disappointing holiday quarter

Target forecasts a disappointing holiday quarter

15 Novembre 2017

Several large investors have recently added to or reduced their stakes in the company. Carlson Capital Management boosted its holdings in shares of Target Corporation by 0.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer's stock valued at $117,000 after buying an additional 399 shares in the last quarter. CAPROCK Group Inc. purchased a new stake in shares of Target Corporation in the third quarter valued at approximately $832,000. Davidson Investment Advisors now owns 2,559 shares of the retailer's stock valued at $141,000 after buying an additional 400 shares in the last quarter. Kistler Tiffany Companies LLC boosted its holdings in shares of Target Corporation by 19.1% in the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer's stock worth $155,000 after purchasing an additional 185 shares during the period. Target Corp. Target Corp.'s revenue was down 6.7% compared to the same quarter previous year. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer's stock worth $155,000 after purchasing an additional 132 shares during the period. Insiders own 0.20% of the company's stock.

In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm's stock in a transaction dated Friday, September 15th. The sale was disclosed in a legal filing with the SEC, which is available through this link. The biggest holder now is Mr. Gregg W. Steinhafel who owns 174,323 shares (0.03% of those outstanding), whilst Mr. Douglas A. Scovanner holds 118,988 (0.02% of shares outstanding) and Brian C. Cornell holds 118,856 (0.02% of shares outstanding).

Analysts await Target Corporation (NASDAQ:TGT) to report earnings on Nov, 15 for the fiscal quarter ending Oct 2017. Vetr raised shares of Target Corporation from a "hold" rating to a "buy" rating and set a $59.67 target price for the company in a research report on Monday, August 14th. The company presently has a consensus rating of "Hold" and a consensus price target of $74.25. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $60.00 price target (up previously from $58.00) on shares of Target Corporation in a research note on Friday, August 18th.

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Palisade Asset Management LLC raised its holdings in shares of Target Corporation (NYSE:TGT) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 6,608,700 shares of the company were exchanged, compared to its average volume of 7,166,543. The firm has a market capitalization of $33,538.63, a PE ratio of 12.45, a PEG ratio of 2.90 and a beta of 0.63. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The company has a quick ratio of 0.26, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.03.

The department store operator forecast adjusted earnings of $1.05 to $1.25 per share for the quarter ending January 2018, largely below the average analyst estimate of $1.24. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. During the same period a year ago, the firm posted $0.86 earnings per share. During the same quarter in the prior year, the business earned $1.23 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Monday, February 13th.

The biggest institutional shareholders in Target Corporation include State Street Corp which owns 52 million shares in the company valued at $2.72 B million. The Company sells a range of general merchandise and food through its store and digital channels.

Target forecasts a disappointing holiday quarter