Media coverage about Target (NYSE:TGT) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Target earned a news impact score of 0.13 on Accern’s scale. Accern also gave news headlines about the retailer an impact score of 46.6825456609679 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Ready for Cyber Monday? Amazon, Walmart, Target announce deals (rssfeeds.usatoday.com)
- Cyber Monday 2017: Deal Highlights on Gaming, TVs and All Things Tech (finance.yahoo.com)
- Is Target Hastening the Decline of Department Stores? (finance.yahoo.com)
- Target Co. (TGT) Downgraded by Vetr Inc. (americanbankingnews.com)
- Will Target's $7 Billion Bet Pay Dividends? (finance.yahoo.com)
TGT has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price target (up previously from $58.00) on shares of Target in a research report on Friday, August 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a $67.00 price target (up previously from $62.00) on shares of Target in a research report on Friday, August 18th. Vetr lowered shares of Target from a “buy” rating to a “hold” rating and set a $57.89 price target for the company. in a research report on Thursday, August 17th. Zacks Investment Research lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Gordon Haskett upgraded Target from a “sell” rating to a “hold” rating and boosted their price objective for the company from $47.00 to $58.00 in a research note on Wednesday, August 16th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $63.17.
Target (TGT) traded down $1.61 during midday trading on Friday, hitting $55.88. The stock had a trading volume of 5,890,000 shares, compared to its average volume of 8,026,935. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The company has a market cap of $30,374.86, a P/E ratio of 11.64, a P/E/G ratio of 6.91 and a beta of 0.63. Target has a 52-week low of $48.56 and a 52-week high of $79.33.
Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The company had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. Target’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts expect that Target will post 4.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 annualized dividend and a yield of 4.44%. Target’s payout ratio is presently 51.88%.
In other Target news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.
Target Company Profile
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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