Reilly Financial Advisors LLC boosted its position in Target Corporation by 77.6% in the first quarter. BlackRock Inc. raised its position in Target Corporation by 2,069.0% in the first quarter. Furthermore, the company plans to invest $3 to $5 million on share buybacks each quarter, which would offer a strong support to earnings per share and dividends.
Intact Investment Management Inc decreased Target Corp (TGT) stake by 8.8% reported in 2016Q4 SEC filing.
Shares of Target Corporation (NYSE TGT) opened at 53.31 on Friday. Target Corporation's revenue for the quarter was down 1.1% on a year-over-year basis. The stock closing price is now trading downward to its 50 day moving average with change of -1.83%, escalated to its 20 day moving average with figure of 2.60% and behind its 200 day moving average with value -15.11%. The company has market cap of $46.69 billion.
Bank of America Corporation (NYSE:BAC)'s stock on Thursday traded at beginning with a price of $24.43 and when day-trade ended the stock finally popped up 1.11% to reach at $24.62. This is an increase of approximately 296% compared to the typical daily volume of 9,682 call options. The stock of Target Corporation (NYSE:TGT) earned "Market Perform" rating by BMO Capital Markets on Friday, August 21.
Last time, the company shocked Wall Street by reporting EPS of $1.21, smashing the consensus of $0.91 per share. The business had revenue of $16.02 billion during the quarter, compared to analyst estimates of $15.63 billion.
Among 22 analysts covering Target Corporation (NYSE:TGT), 4 have Buy rating, 4 Sell and 14 Hold. The average 1-year price target for (SNAP) reveals an average price target of $20.41 per share. In addition, the Company now expects to report second quarter GAAP and Adjusted EPS1 above the high end of its previous guidance range of $0.95 to $1.15. Equities research analysts predict that Target Corporation will post $4.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. The company is expected to report EPS as high as $0.88 and as low as $0.64 per share. The ex-dividend date is Monday, August 14th. The Minneapolis-based company had said in May that it expected a decline of a low single-digit percentage for the quarter.
Analysts' mean recommendation for Target Corporation (TGT) stands at 3.10.
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A number of hedge funds have recently added to or reduced their stakes in TGT.
In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of Target Corporation stock in a transaction that occurred on Wednesday, July 5th. Following a big change in Wal-Mart's strategy to reduce prices and improve their consumer experience by investing in their store's appearance and workforce. Vetr downgraded shares of Target Corporation from a "buy" rating to a "hold" rating and set a $59.66 target price on the stock.in a research report on Monday, June 12th. A 12 analysts rate it as either a buy or a strong buy, while 7 believe that investors should either steer clear of (NYSE:SNAP) or, if they already own its stock, sell it.