The number of transactions declined 2.2%, while the average transaction amount climbed 1.1%. Target Corporation makes up approx 1.24% of River Road Asset Management’s portfolio.Sit Investment Associates Inc reduced its stake in TGT by selling 336,435 shares or 44.79% in the most recent quarter. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Analysts expect annual earnings of $5.13 per share. The shares were purchased at an average price of $67.82 per share, with a total value of $339,100.00. Under the current $10 billion share buyback program, the company has repurchased 125 million shares at a price of $70.57 per share, totaling approximately $8.8 billion. The disclosure for this sale can be found here. The Hedge Fund company now holds 56,855 shares of TGT which is valued at $4,212,956. Capital World Investors raised its stake in shares of Target Corp.by 7.8% in the fourth quarter.
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But retail stocks rallied late last week on the hopes that the worst may be soon over. And Target’s supply chain wasn’t built to transport items with a short shelf life, as the chain sorts everything through just four food distribution centers nationally or through C&S Wholesale Grocers, according to the Journal. (NYSE:TGT) opened at 75.53 on Tuesday. 3,061,648 shares of TGT traded hands, down from an avg. trading volume of 6,316,560.
The price/earnings ratio (P/E) is 14.27 and the forward P/E ratio stands at 13.38. The firm’s 50-day moving average is $73.27 and its 200-day moving average is $75.25. Target Corp. has a 52 week low of $65.50 and a 52 week high of $84.62.
Target on Wednesday reported earnings that topped Wall Street’s expectations by 11 cents a share and rose slightly over the prior year, while revenue were roughly in line. Analysts had predicted a 1 percent drop in sales, according to Consensus Metrix. During the same quarter in the previous year, the business earned $1.10 EPS. The company had revenue of $16196.00 million for the quarter, compared to analysts expectations of $16313.21 million. The business’s revenue for the quarter was down 5.4% compared to the same quarter previous year. Target now expects full year earnings per share of between $4.80 a share and $5.20 per share, down from $5.20 to $5.40 per share originally.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Goldman Sachs Group Inc. restated a “hold” rating on shares of Target Corp.in a research report on Sunday, May 22nd. A research note issued on 11/10/2014 the stock was upgraded by Stifel from Hold to Buy. The average target is $78.64 with zero rating the company a strong buy, zero rating the company a buy, zero firms rating the stock a hold, zero rating the company to underperform, and lastly zero brokeragesrating the stock as sell.
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Target Corporation is engaged in providing everyday essentials and fashionable and differentiated merchandise at discounted prices. The Company sells a range of general merchandise and food through its store and digital channels.
