Economy

The Vetr Inc. Lowers Target Corporation (NYSE:TGT) to Buy

The Vetr Inc. Lowers Target Corporation (NYSE:TGT) to Buy

SNS Financial Group LLC decreased its position in Target Corporation (NYSE:TGT) by 23.9% during the first quarter, Holdings Channel reports. Stephens Inc. AR now owns 62,001 shares of the retailer's stock worth $3,422,000 after buying an additional 11,872 shares during the period. Cibc World Markets Corp increased its position in Target Corporation by 50.9% in the first quarter.

TGT has been the topic of several other research reports. Dodge & Cox purchased a new position in shares of Target Corporation during the fourth quarter valued at $788,237,000. Welch & Forbes LLC now owns 8,150 shares of the retailer's stock worth $450,000 after buying an additional 24 shares in the last quarter.

Corda Investment Management Llc, which manages about $545.28M and $646.70 million US Long portfolio, upped its stake in Vodafone Group Plc Adr (NASDAQ:VOD) by 143,481 shares to 615,222 shares, valued at $15.03M in 2016Q4, according to the filing. The stock's quarterly performance indicates a Negative momentum of -1.4 percent, whereas its last one month trend is Optimistic with 6.75 percent. Swiss National Bank now owns 2,230,611 shares of the retailer's stock worth $123,107,000 after buying an additional 363,800 shares during the last quarter. The institutional investor held 73,956 shares of the department and specialty retail stores company at the end of 2016Q4, valued at $5.34M, up from 67,851 at the end of the previous reported quarter. Peoples Financial Services CORP. increased its stake in Target Corporation by 116.7% in the first quarter. Wolfe Research downgraded the shares of TGT in report on Wednesday, March 1 to "Underperform" rating. IL raised its stake in shares of Target Corporation by 0.6% in the first quarter. Park National Corp OH now owns 348,354 shares of the retailer's stock worth $19,226,000 after buying an additional 21,366 shares in the last quarter.

Shares of Target Corporation (NYSE TGT) opened at 54.84 on Friday. After $1.21 actual EPS reported by Target Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth. The company has market cap of $30.14 billion. The company had revenue of $16.02 billion for the quarter, compared to analysts' expectations of $15.63 billion. Target Corporation earnings have risen with an annualized rate of 1.4% over the last 5 years. Target Corporation had 54 analyst reports since July 21, 2015 according to SRatingsIntel. Equities research analysts predict that Target Corporation will post $4.37 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be issued a $0.62 dividend. Target Corporation earned a daily sentiment score of 0.10 on Accern's scale. Target Corporation's dividend payout ratio is presently 48.98%. If you are reading this report on another publication, it was illegally copied and reposted in violation of worldwide trademark and copyright law. The original version of this news story can be viewed at https://www.themarketsdaily.com/2017/07/24/target-corporation-tgt-earning-somewhat-positive-press-coverage-report-finds-updated-updated.html.

In recent action, Target Corporation (TGT) has made a move of +6.48% over the past month, which has come on weak relative transaction volume. Finally, ValuEngine downgraded Target Corporation from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. Buckingham analysis reiterated a "buy" recommendation and given a $71.00 target price on stock of recipient Corporation in a note on Wed, Apr 19th. BMO Capital Markets raised their price target on shares of Target Corporation from $60.00 to $62.00 and gave the stock a "market perform" rating in a research note on Friday, July 14th. The fund owned 18,795 shares of the retailer's stock after selling 10,574 shares during the period. Vetr upgraded the shares of TGT in report on Tuesday, August 25 to "Buy" rating. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company's stock.

More notable recent Target Corporation (NYSE:TGT) news were published by: Fool.com which released: "3 Signs You Should Sell Target Corporation Stock" on July 12, 2017, also Seekingalpha.com with their article: "On Target" published on July 17, 2017, Seekingalpha.com published: "Target Leading Rebound In Retail" on July 14, 2017.

In other news, insider Robert M. Harrison sold 2,639 shares of Target Corporation stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The Company's general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. The Company's digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.


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