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Target to Buy Back $5B Shares

Target Corp. TGT measures an EPS growth for 2017 at a rate of 7.36% that consequently shows an EPS growth of 5.60% for the past five years, and an EPS growth of 7.35% for the following five years.

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The $0.60 quarterly dividend this quarter is the same as their dividend from last quarter and will be paid on December 10 to all shareholders on record as of November 16.

During last 3 month it remained at 2.13%. Target Corp. The firm earned $16.20 billion during the quarter. The company had Year Ago Sales of 17.61 Billion. The Current Ratio of Target Corp. Dodge & Cox now owns 11,757,005 shares of the retailer’s stock worth $820,874,000 after buying an additional 1,341,678 shares in the last quarter. Smith Catherine R now have 16,868 shares in the stock after this transaction. MA increased its stake in Target Corp.by 13.4% in the second quarter.

Target has repurchased $8.8 billion in stock under the current program, or 18.6% of outstanding shares when the plan began in 2012. Hedge funds and other institutional investors own 86.23% of the company’s stock. (NYSE:TGT) opened at 69.47 on Thursday. The average numbers of shares are traded in a security per day, during the recent 3-month period.

Target Corp. had a return on equity of 23.59% and a net margin of 4.59%.

Carnival Corporation (NYSE:CCL) has a 1 Year Target Estimate of $213.63. The retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. Analysts had expected Target Corporation (NYSE:TGT) to report earnings of about $1.12 per share on $16,176.40M in revenue.

Currently Target Corporation (TGT) captured an average recommendation of ” Hold ” from analysts, according to FactSet data.

TGT has been the subject of a number of analyst reports.

Target Corp.’s (TGT), a part of Services sector and belongs to Discount, Variety Stores industry; ended its day with a loss of -0.49% and finalized at the price of $68.89.

Target Corp. continues to use its cash to buy back shares at a time when it’s not opening as many stores as it once did. Zacks Investment Research raised shares of Target Corp. from a sell rating to a hold rating in a report on Tuesday, July 26th.

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One Month ago, the stock has gained consensus mean rating of Hold based on the analysis of brokerage analyst firms polled. “The stock has been suggested as “Buy” from “6” Analysts”.

Customers push a shopping cart towards the entrance of a Target Corp. store in Chicago