The Buckingham Research Reiterates "Buy" Rating for Target Corp. (TGT)

The Buckingham Research Reiterates

In other news, Director Anne M. Mulcahy sold 3,957 shares of the company's stock in a transaction on Thursday, November 17th. The company presently has an average rating of Hold and a consensus price target of $64.06. Total sales during the period ended October 28, increased 1.4% to $16.7 billion and benefitted from the addition of smaller stores as Target ended the quarter with 44 stores measuring less than 50,000 square feet compared to 22 at the end of the third quarter the prior year. 6,608,700 shares of the company were exchanged, compared to its average volume of 7,166,543. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.91. The firm has a market capitalization of $33,538.63, a PE ratio of 12.45, a P/E/G ratio of 2.90 and a beta of 0.63.

Target Corporation (NYSE:TGT) last issued its earnings results on Wednesday, August 16th. Guidance for earnings per share in the range of $1.05 to $1.25 is well below last year's fourth quarter EPS of $1.46 as the company continues to invest in labor and price while absorbing greater costs related to fulfillment during what is expected to be the most digital Christmas ever.

Target Corp. had a return on equity of 25.18% and a net margin of 4.75%. The business had revenue of $16.44 billion for the quarter, compared to analyst estimates of $16.30 billion.

"While we expect the fourth-quarter environment to be highly competitive, we are very confident in our holiday season plans", he said.

Target Corp. posted higher quarterly sales but profits fell and the retailer gave a disappointing earnings outlook for the holiday period, as the big-box chain spends heavily to revamp stores, lower prices and raise wages.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & worldwide trademark and copyright legislation. Stockholders of record on Wednesday, November 15th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation's payout ratio is 50.00%.

Greggs has apologised for replacing baby Jesus with a sausage roll
The advent calendar is available in selected shops in the United Kingdom and behind each door is a voucher for one of its treats. Bakery chain Greggs has released an advent calendar - with sausage rolls and pasties behind the doors instead of chocolates.

Far-Right Marchers in Warsaw Chant 'Jews Out of Poland'
He said it makes no difference if a person's father was "German, Jewish, Belarusian, Russian, or whatever". In recent years, it has been used by the radical right to show hostility to Islam.

Scottish minimum alcohol pricing ruled legal by UK Supreme Court
It marks a significant blow to the drinks industry's opposition to minimum pricing on drinks and may set an important precedent. And it estimated that alcohol misuse costs Scotland some £3.6 billion a year - the equivalent of £900 for every adult.

Receive Target Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corporation with MarketBeat.com's FREE daily email newsletter. The stock was sold at an average price of $75.45, for a total transaction of $298,555.65. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Several large investors have recently added to or reduced their stakes in the company. Davidson Investment Advisors increased its position in shares of Target Corporation by 18.5% during the 1st quarter. During the same period previous year, the firm posted $0.86 earnings per share. Gamble Jones Investment Counsel boosted its holdings in shares of Target Corporation by 0.4% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 115,107 shares of the retailer's stock worth $8,314,000 after buying an additional 4,261 shares during the last quarter. The institutional investor owned 9,738,657 shares of the retailer's stock after acquiring an additional 682,253 shares during the period. Parallel Advisors LLC now owns 2,072 shares of the retailer's stock valued at $117,000 after purchasing an additional 399 shares during the period. Finally, Jolley Asset Management LLC boosted its holdings in shares of Target Corporation by 2.2% in the 2nd quarter.

Shares of Target Corp. were down more than 5 percent, or $3.19 to $56.90 in pre-market trading.

Other analysts have also issued reports about the company.

The Company sells a range of general merchandise and food through its store and digital channels.

Related:

  • A third woman accuses Ed Westwick of sexual assault in 2014

    A third woman accuses Ed Westwick of sexual assault in 2014

    Westwick " asked me to invite a friend to hang out with the three of us ", she said, but it was late and her friends were asleep. The Los Angeles Police Department has launched an investigation into Cohen's claim, after she filed a police report last week.
    Call of Duty: WW2 Granting Players Double XP Since Launch

    Call of Duty: WW2 Granting Players Double XP Since Launch

    All those who pre-ordered the digital edition of Call of Duty: WWII will receive the 1,100 Call of Duty Points next week as well. These points are purchased with real money and can be used in any of the three latest games.
    Key Brexit battle begins as repeal bill is tabled

    Key Brexit battle begins as repeal bill is tabled

    Conservative rebellions are likely later on in the process, with a further six days of discussion set aside over the coming weeks. Theresa May will face off against Jeremy Corbyn at Prime Minister's Questions as Brexit splits grip their respective parties.
  • Alwar Police produce arrested accused in Umar murder case in court

    Alwar Police produce arrested accused in Umar murder case in court

    He had said that they had found "5-6 cases" against Tahir, including abduction, and that he had been absconding for some time. Umar died of a bullet wound on the spot, while another suffered bullet injuries has been admitted to a Haryana hospital.
    Governor Banwarilal Purohit's meet with Kovai officials stirs controversy

    Governor Banwarilal Purohit's meet with Kovai officials stirs controversy

    Earlier, he inspected the Gandhipuram bus stand and took part in a cleaning drive there as part of the Swachch Bharat initiative. He swept the bus bays and removed the waste from there. "I have been carrying out inspections from yesterday.
    Dallas Cowboys: 3 Players with rising stock after Week 10

    Dallas Cowboys: 3 Players with rising stock after Week 10

    The Eagles haven't lost any sleep since paying a steep price in the 2016 draft to trade up and select Carson Wentz second overall. The Cowboys (5-4) are doing the math on how to get in the postseason because they are now on the outside looking in.
  • Premier Foods sales rise thanks to Batchelors and Angel Delight

    Premier Foods sales rise thanks to Batchelors and Angel Delight

    Premier Foods reported that its global revenues have progressed at an annual growth rate of 18% in the last three years. Food manufacturer Premier Foodshas narrowed its losses after securing a hefty jump in sales from its global business.
    Lukaku breaks Belgium goalscoring record at 24

    Lukaku breaks Belgium goalscoring record at 24

    He says Martinez urged him to watch the movement of one past and one present Mexico striker as he fine tunes his game, and one Uruguayan.
    Kapil Sharma 'skips' Akshay Kumar's The Great Indian Laughter Challenge

    Kapil Sharma 'skips' Akshay Kumar's The Great Indian Laughter Challenge

    A source close to Kapil said that the comedian wasn't able to make it to the show as he was "a bit under the weather". Recently, Kapil Sharma was on the sets of popular reality TV show Bigg Boss season 11 to promote his film Firangi .
  • Global Terrorism Index 2017

    Global Terrorism Index 2017

    ISIS, Boko Haram, Al Qaeda, and the Taliban were the four deadliest terrorist groups in 2016, accounting for 59% of deaths. The report said improvements in counterterrorism strategies have led to more attacks being foiled than in previous years.
    Forever 21 warns of potential data breach that impacted payment card transactions

    Forever 21 warns of potential data breach that impacted payment card transactions

    The breach also seems to be limited to stores that did not receive a 2015 encryption upgrade on their point of sale devices. Forever 21 is investigating a potential data breach which may have compromised customer information and payment cards.
    Wright: Kane will run Shearer close

    Wright: Kane will run Shearer close

    The England worldwide leads the goalscoring charts with eight strikes so far, level with Manchester City hitman Sergio Aguero.

Comments

Latest news

Pink's First Heartbreak Was All Bon Jovi's Fault
American star P!nk has revealed she nearly vomited when she learned Jon Bon Jovi had married Dorothea Hurley in 1989. Pink was the latest star to join James Corden in the hugely popular Carpool Karaoke segment of the Late, Late Show .

Myanmar's Suu Kyi says she 'hasn't been silent' over Rohingya
The report comes just ahead of US Secretary of State Rex Tillerson planned visit to Myanmar on Wednesday. In the past week, some 1,200 people crossed over on such flimsy rafts, according to police.

Chef Lyon stops play for 30 minutes
New South Wales were batting and were within sight of a three-day victory when a fire alarm went off. Usman Khawaja and David Warner, among others, were perplexed at the proceedings.

Italy identify top target as they prepare to axe Ventura
He has [Lorenzo] Insigne and [Antonio] Candreva on the right side so I don't think we have a problem with the options in attack. Giampiero Ventura insists he had some of the best results of any Italy coach despite his team's World Cup play-off failure.

Storms to bring rain and snow to Northern California, Washington state
The storm resulted in one death when a tree fell onto a moving vehicle Monday night in Renton, Washington, and killed the driver. Forecasters say snow showers or snow flurries are possible in the high terrain in northwestern New Jersey early Sunday morning.

China to send senior diplomat to North Korea for talks
North Korea has time and again said it has no intention of backing away from its nuclear program. With all the verbal barbs flying between North Korean leader Kim Jong Un and U.S.

Indian man declares unclaimed 2000 sq km area in Africa his 'kingdom'
Earlier in 2014, an American had travelled to the desert land to make his daughter a princess of the "Kingdom of North Sudan". After making the announcement of "Kingdom of Dikshit", Suyash has made his father Prime Minister, President and Military Head.

Apple's iPhone X Lineup Will Continue To Grow In 2018
What's your take on this? The upcoming iPhone models will not face limited supply issues which is seen in the existing iPhone X . There are anecdotal reports of those who have already ordered an iPhone X receiving their handsets much sooner than anticipated.

State Players on John Wooden Award Preseason List
The other four nominees from the Big 12 are Texas's Mohamed Bamba, Oklahoma's Trae Young, West Virginia's Jevon Carter and Oklahoma State's Jeffrey Carroll.

Serena Williams And Her Fiancé Are Getting Married Sooner Than You Think
In other news, Serena Williams recently complained that her fiancé spends a little bit too much money on toys for their baby. On December 29, 2016, Serena announced her engagement to boyfriend Alexis Ohanian , co-founder of Reddit.

ESOcast 137 Light: Temperate Planet Orbiting Quiet Red Dwarf (4K UHD)
It "is expected to become our nearest stellar neighbour in just 79,000 years - a blink of the eye in cosmic terms". While Ross 128 b shares two very important characteristics with Earth, little else about it is familiar to us.

A no-deal Brexit 'could see Aston Martin stop vehicle production'
Aston Martin has warned it could have to halt production of all its cars if Theresa May fails to secure a Brexit deal. World Trade Organisation rules, the default position after no deal, apply tariffs of 10% to finished automobiles.

Nicki Minaj Is Ready to Break the Internet with 'Paper' Mag Cover
Our media company sits at the center of where internet culture becomes pop culture, and Nicki is certainly a queen of disruption. Now that there are another sensations around the block, Kardashian might be ready to pass on the "break the internet" baton.

Tiger Zinda Hai song: Salman, Katrina ready to make you groove
Shot in Greece, this mesmerizing picture is a clear proof that this time, Tiger Zinda Hai is going to be an aesthetic film too. It's been five years since Salman Khan and Katrina Kaif scorched the screen with their sizzling chemistry .

The best Target Cyber Monday deals 2017
Black Friday , the biggest shopping day of the year in the USA and now Britain will descend upon us on Friday, November 24. Over the last few years the brand has also featured Black Friday discounts on branded jewellery and fashion items too.

Other news