The company provided earnings per share (EPS) guidance of $4.60-4.75 for the period, compared to the Thomson Reuters consensus estimate of $4.62, Marketbeat reports.
Advertisement
Several brokerages have recently weighed in on TGT. Finally, Piper Jaffray reiterated an “overweight” rating and issued a $91.00 target price on shares of Target in a report on Tuesday, June 16th.
Target Corporation (NYSE:TGT) managed to stay afloat and traded higher with an addition of 3.65 point or 4.55% at $83.95. The 52-week low of the share price is at $57.75. Vetr upgraded shares of Target from a “sell” rating to a “hold” rating and set a $85.61 price objective for the company in a research report on Wednesday, July 8th.
Target (NYSE:TGT) had its stock rating noted as “hold” by analysts at Deutsche Bank.
Many analysts have commented on the company rating. The company ended the quarter with cash and cash equivalents (including short-term investments) of $2,742 million, long-term debt and other borrowings of $11,883 million and shareholders’ investment of $13,942 million. On June 23, 2015 The shares registered one year high of $85.81 and one year low was seen on August 20, 2014 at $58.25. The heightened volatility saw the trading volume jump to 21,173,761 shares. The firm’s market capitalization is $51.79 billion. The 50-day moving average is $81.64 and the 200 day moving average is recorded at $80.31.
Target Corporation (NYSE:TGT) on Wednesday posted its financial report for the second quarter of fiscal year 2015 (2QFY15) before the markets opened today.
The company has reported EPS of $1.22, which exceeds the analyst estimates of $1.12.
If we look forward at the long term growth estimates for the company, research analysts are expecting current year earnings per share to be $4.73. Target’s revenue for the quarter was up 2.8% compared to the same quarter last year. This is up from average of 4.02M shares.
It has also recently announced to promote Chief Financial Officer John Mulligan to the position of Chief Operating Officer. This represents a $2.24 dividend on an annualized basis and a yield of 2.79%. Company shares. In the past six months, there is a change of -47.34% in the total insider ownership. Our stocks momentum model is shown on the price chart below. Average transaction amount rose 0.8 percent.
Target Corporation (NYSE:TGT) is engaged in supplying everyday essentials and fashionable, and distinguished goods at discounted costs. The Company operates in two segments: U.S. and Canadian. The U.S. Segment includes all of its the United States retail operations, including digital sales. The Company’s owned brands contain Archer Farms, Gilligan & O’Malley, Sutton & Dodge, Simply Balanced, Marketplace Pantry, Threshold, Boots & Barkley, Merona, up & up, CHEFS, Room Essentials, Wine Cube, Circo, Smith & Hawken, Xhilaration, Embark and Spritz, amongst others.
Advertisement
The Organization ‘s general merchandise and City Target stores offer an edited food assortment, including dairy, dry grocery store, perishables and frozen things.
