Target Corporation (TGT) Q3 Earnings Beat The Street As Comps Rise

Target Corporation - TGT - Stock Price Today - Zacks

SEC FORM 4 - SEC.gov

A number of other equities research analysts also recently issued reports on TGT. Zacks Investment Research downgraded shares of Target Corporation from a "buy" rating to a "hold" rating in a research note on Monday, October 23rd. MKM Partners restated a "neutral" rating on shares of Target Corporation in a report on Tuesday, August 15th. Gordon Haskett raised shares of Target Corporation from a sell rating to a hold rating and upped their price target for the company from $47.00 to $58.00 in a research note on Wednesday, August 16th.

In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business's stock in a transaction that occurred on Friday, September 15th.

At the moment 26 analysts are watching Target Corporation (NASDAQ:TGT), 2 rate it "Buy", 2 "Outperform", 18 "Underperform", 3 "Sell", while 1 "Hold". Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock.

Target Corporation (TGT) opened at $60.09 on Wednesday.

The price wars between Target, Wal-Mart and Amazon ( AMZN ) are escalating, through Target appears to be lagging behind Amazon's e-commerce muscle and Wal-Mart's online strategy that has included acquiring small online shops and Jet.com, as well as allotting space on its site for Lord & Taylor's higher end offerings.

Target ( TGT ) sees a "highly competitive" holiday quarter and gave weak earnings guidance, after topping third-quarter expectations Wednesday. The big-box retailer posted adjusted earnings per share (EPS) of $0.91 and $16.67 billion in revenues. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. Total sales during the period ended October 28, increased 1.4% to $16.7 billion and benefitted from the addition of smaller stores as Target ended the quarter with 44 stores measuring less than 50,000 square feet compared to 22 at the end of the third quarter the prior year.

They expect $0.86 EPS, down 20.93% or $0.18 from last year's $1.04 per share.

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The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. Target Corp.'s dividend payout ratio is presently 42.93%. The ex-dividend date is Monday, February 13th.

Target Corporation offers everyday essentials and merchandise to its customers. LINE Corporation earned a news sentiment score of 0.15 on Accern's scale. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Target Corporation's revenue was up 1.6% on a year-over-year basis.

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