News articles about Target Corporation (NYSE:TGT) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Target Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the retailer an impact score of 46.4068638371528 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Target Target of Unusually High Options Trading (NYSE:TGT) (americanbankingnews.com)
- Target Is Going After the Four-Legged Market (fool.com)
- Traders Buy Large Volume of Target Corporation Call Options (NYSE:TGT) (americanbankingnews.com)
- Fortune Brands Home & Security Becomes #98 Most Shorted S&P 500 Component, Replacing Target (marketnewsvideo.com)
- BarkBox partners with Target, will be sold in retail stores for first time (bizjournals.com)
Shares of Target Corporation (NYSE TGT) opened at 55.65 on Friday. The stock has a market capitalization of $30.70 billion, a PE ratio of 11.40 and a beta of 0.61. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. The company has a 50-day moving average price of $54.12 and a 200 day moving average price of $56.47. Target Corporation also saw unusually large options trading on Wednesday. Traders bought 13,826 put options on the stock. This represents an increase of 188% compared to the average daily volume of 4,793 put options.
Target Corporation (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.30. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. The company had revenue of $16.02 billion during the quarter, compared to analyst estimates of $15.63 billion. During the same period in the previous year, the business earned $1.29 EPS. Target Corporation’s quarterly revenue was down 1.1% on a year-over-year basis. Equities analysts forecast that Target Corporation will post $4.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be given a $0.62 dividend. The ex-dividend date is Monday, August 14th. This is a positive change from Target Corporation’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.46%. Target Corporation’s dividend payout ratio is 48.98%.
TGT has been the subject of a number of recent research reports. Vetr downgraded Target Corporation from a “buy” rating to a “hold” rating and set a $59.66 target price for the company. in a research report on Monday, June 12th. UBS AG restated a “neutral” rating and issued a $56.00 target price (down previously from $60.00) on shares of Target Corporation in a research report on Tuesday, June 20th. Jefferies Group LLC restated a “hold” rating and issued a $59.00 target price (up previously from $56.00) on shares of Target Corporation in a research report on Friday, May 19th. Citigroup Inc. downgraded Target Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $51.00 to $56.00 in a research report on Wednesday, June 21st. Finally, BMO Capital Markets boosted their target price on Target Corporation from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Friday, July 14th. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $61.99.
In other news, insider Robert M. Harrison sold 2,639 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.
About Target Corporation
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its 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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