Earnings on the Doorstep For Target Corporation

Target shopping carts a shows outside a newly constructed Target store in San Diego California

Target lifted its full year adjusted earnings per share guidance from $4.34-$4.54 to $4.40-$4.60.

Like all traditional retailers, Target, based in Minneapolis, is in fierce competition with Amazon.com and needs to cater to more and more people who transition seamlessly between store aisles and mobile phones when they shop.

Target was down 20.93% for the year.

Other institutional investors have also made changes to their positions in the company. And Target has also been expanding its online services including now shipping online orders from 1,400 of its 1,800 stores for faster delivery. Conning Inc. boosted its position in Target Corp.by 13.7% in the second quarter. Vanguard Group Inc. now owns 37,154,396 shares of the retailer's stock worth $1,942,803,000 after purchasing an additional 130,252 shares during the period. These holdings make up 84.82% of the company's outstanding shares. Zacks Investment Research downgraded shares of Target Corporation from a "buy" rating to a "hold" rating in a research note on Monday, October 23rd. 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 Securities & Exchange Commission, which is available at this link.

Depending on the earnings numbers reported, Target Corporation (NYSE:TGT) stock may see increased volatility following the report.

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The stock increased or $0 during the last trading session, hitting $. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33. The company has a market cap of $36.73 billion, a P/E ratio of 11.64 and a beta of 0.62. The company has a quick ratio of 0.26, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%.

Results: EPS of 91 cents on revenue of $16.67 billion. During the same period in the previous year, the business posted $1.23 EPS. equities research analysts predict that Target Corporation will post 4.53 earnings per share for the current fiscal year. However, sales rose 1.4 percent to $16.67 billion on the back of 0.9 percent comps growth. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 3.67%. Target Corp.'s payout ratio is presently 42.93%. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and worldwide copyright law.

A number of research firms have issued reports on TGT. BidaskClub upgraded shares of Target Corporation from a "hold" rating to a "buy" rating in a research note on Sunday, August 6th. Target Corporation had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Target Corporation (NYSE:TGT) earned "Hold" rating by Deutsche Bank on Monday, May 16.

The company on Wednesday reported higher traffic and sales at established stores rose as a campaign to improve the experience in stores and online pay off. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company.

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