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Target slides after disappointing holiday guidance

15 November 2017

TGT has been the topic of a number of recent research reports. State Street Corp boosted its stake in shares of Target Corporation by 1.5% in the 2nd quarter.

Now insiders hold 2,360,453 shares in the business which makes up 0.43% of shares. BlackRock Inc. boosted its holdings in shares of Target Corporation by 2,069.0% during the first quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer's stock valued at $553,000 after buying an additional 44 shares in the last quarter. These holdings make up 84.82% of the company's outstanding shares. Vanguard Group Inc is the second biggest holder with 37 million shares now valued at 1.94 B million whilst Franklin Advisers Inc has 21 million shares valued at 1.10 B million. Finally, Dodge & Cox boosted its holdings in shares of Target Corporation by 83.3% during the second quarter. BMO Capital Markets restated a "market weight" rating on shares of Target Corporation in a research note on Thursday, September 14th. MKM Partners restated a "neutral" rating on shares of Target Corporation in a report on Tuesday, August 15th. The stock now has an average rating of "Hold" and a consensus target price of $64.06. After a recent check, company stock has been trading near the $59.21 mark. The company presently has a consensus rating of "Hold" and a consensus price target of $74.25.

Cornell said Target's offering now includes thousands of new items from eight exclusive brands launched throughout 2017, including Hearth and Hand with Magnolia, a new home goods partnership with Chip and Joanna Gaines. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Sell-side analysts have also provided a consensus recommendation of 3.00 on company shares.

Media headlines about Target Corporation (NYSE:TGT) have been trending somewhat positive recently, Accern reports. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.91.

Confidence does have its limits however as revealed by Target's guidance for fourth quarter same store sales which envisions a range of possibilities from flat to 2% growth.

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Depending on the earnings numbers reported, Target Corporation (NYSE:TGT) stock may see increased volatility following the report. In the same period a year ago, the company reported EPS of $1.04 on revenue of $16.44 billion.

Target Corp. had a return on equity of 25.18% and a net margin of 4.75%.

They expect $0.86 EPS, down 20.93% or $0.18 from last year's $1.04 per share. Target Corp. Target Corp.'s revenue was down 6.7% compared to the same quarter past year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be given a $0.62 dividend. The ex-dividend date is Monday, February 13th. This represents a $2.48 annualized dividend and a yield of 4.11%. Target Corporation's dividend payout ratio is now 50.00%.

Target slides after disappointing holiday guidance