Target Corp. (TGT) to Issue $0.60 Quarterly Dividend
Target Corp. (NYSE:TGT) declared a quarterly dividend on Wednesday, September 21st. Shareholders of record on Wednesday, November 16th will be given a dividend of 0.60 per share by the retailer on Saturday, December 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.50%.
A number of research analysts have weighed in on the stock. Vetr cut shares of Target Corp. from a “buy” rating to a “hold” rating and set a $75.39 target price on the stock. in a research note on Monday, July 11th. Telsey Advisory Group dropped their target price on shares of Target Corp. from $88.00 to $82.00 and set an “outperform” rating on the stock in a research note on Thursday, August 18th. Zacks Investment Research lowered shares of Target Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 15th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $86.00 price target on shares of Target Corp. in a research report on Wednesday, August 17th. Finally, Cowen and Company reissued an “outperform” rating and issued a $75.00 price target (down previously from $81.00) on shares of Target Corp. in a research report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $77.12.
Target Corp. (NYSE:TGT) opened at 68.62 on Wednesday. The firm has a 50-day moving average of $71.38 and a 200 day moving average of $74.58. The company has a market capitalization of $39.44 billion, a price-to-earnings ratio of 12.70 and a beta of 0.68. Target Corp. has a one year low of $65.50 and a one year high of $84.14.
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Target Corp. (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.11. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The business had revenue of $16.20 billion for the quarter. During the same quarter last year, the firm earned $1.22 EPS. The company’s revenue was down 7.2% on a year-over-year basis. Equities research analysts predict that Target Corp. will post $4.96 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of TGT. Loomis Sayles & Co. L P raised its stake in shares of Target Corp. by 1.9% in the second quarter. Loomis Sayles & Co. L P now owns 2,201 shares of the retailer’s stock worth $154,000 after buying an additional 42 shares in the last quarter. Banced Corp bought a new stake in shares of Target Corp. during the second quarter worth about $211,000. MEMBERS Trust Co bought a new stake in shares of Target Corp. during the second quarter worth about $250,000. Laurel Wealth Advisors Inc. raised its stake in shares of Target Corp. by 9.2% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,826 shares of the retailer’s stock worth $267,000 after buying an additional 322 shares in the last quarter. Finally, First Heartland Consultants Inc. raised its stake in shares of Target Corp. by 39.7% in the second quarter. First Heartland Consultants Inc. now owns 4,503 shares of the retailer’s stock worth $314,000 after buying an additional 1,280 shares in the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.
Target Corp. Company Profile
Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.
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