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.
Days after Trump's visit, China to send special envoy to North Korea
While Xi and Kim have yet to meet, the Chinese leader called for stable ties in a message to Kim shortly before Trump's Asia tour. The trip, however, comes amid global concerns over North Korea's nuclear weapons programme and missile tests.
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%.
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