Target Corporation (NYSE:TGT): Are Traders Shorting This Stock?

Marco Green
August 19, 2017

The firm has "Buy" rating given on Thursday, August 18 by Citigroup. Gordon Haskett started coverage on shares of Target Corporation in a research report on Tuesday, May 9th. The company was maintained on Monday, June 19 by UBS.

On August 17 the company was set at "Buy" according to a MKM Partners report which is up from the previous "Neutral" rating. RBC Capital Markets downgraded the stock to "Sector Perform" rating in Thursday, June 30 report. $73.09's average target is 29.52% above currents $56.43 stock price. The stock has been active on the tape, now trading at $56.12, down from yesterday's close by -0.34%. TRUE Private Wealth Advisors now owns 4,488 shares of the retailer's stock valued at $238,000 after buying an additional 38 shares during the period. The stock is trading $54.26 its 50-day moving average by -1.86%. Target Corporation (NYSE:TGT) has declined 16.51% since August 18, 2016 and is downtrending. The dividend will be $0.620 per share for the quarter which comes to $2.48 on an annualized basis. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The company had revenue of $16.43 billion during the quarter, compared to analysts' expectations of $16.30 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. Analysts expect next quarter's EPS will be $1.23 and the next full year EPS is projected to be $4.39. As of the last earnings report the EPS was $4.95 and is projected to be $4.44 for the current year with 546,183,000 shares now outstanding. If you are reading this report on another website, it was copied illegally and reposted in violation of USA & global copyright and trademark law. The correct version of this piece of content can be read at https://weekherald.com/2017/08/18/target-corporation-tgt-stake-cut-by-xact-kapitalforvaltning-ab.html.

More notable recent Target Corporation (NYSE:TGT) news were published by: Fool.com which released: "Are These the First Signs of a Turnaround at Target Corporation?" on August 06, 2017, also Investorplace.com with their article: "Thursday's Vital Data: Apple Inc". Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.62 per share. (AAPL), Target Corporation (TGT) and United ..." with publication date: "August 17, 2017. This dividend amount will represent a yeild of $4.40. Cowen & Co downgraded Target Corporation (NYSE:TGT) rating on Monday, September 12. Davis Capital Partners Llc sold 175,000 shares as American Express (AXP)'s stock declined 3.65%. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company's stock.

Several hedge funds have recently made changes to their positions in TGT. Its down 1.43% from 34.93 million shares previously. ING Groep NV boosted its position in Target Corporation by 114.3% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer's stock worth $110,000 after buying an additional 874 shares in the last quarter. TRUE Private Wealth Advisors boosted its position in Target Corporation by 0.9% in the first quarter. OLD National Bancorp IN now owns 62,330 shares of the retailer's stock worth $3,440,000 after buying an additional 7,547 shares during the period. Cheviot Value Management LLC's holdings in Target Corporation were worth $461,000 at the end of the most recent reporting period. Finally, Prospera Financial Services Inc boosted its position in Target Corporation by 29.6% in the first quarter. WealthTrust Fairport LLC now owns 5,958 shares of the retailer's stock valued at $329,000 after buying an additional 55 shares during the period. The stock declined 0.30% or $0.26 reaching $85.83 per share.

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