Published: Fri, November 17, 2017
Markets | By Terence Owen

Discovering Momentum Stocks: Target Corporation (TGT), Best Buy Co., Inc. (BBY)

Discovering Momentum Stocks: Target Corporation (TGT), Best Buy Co., Inc. (BBY)

Emerald Acquisition Ltd. cut its position in Target Corp.

Target Corporation says that it is expecting earnings per share for the fourth quarter of the year to range from $1.05 to $1.25. Piedmont Investment Advisors LLC increased its position in shares of Target Corporation by 29.6% during the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer's stock valued at $141,000 after acquiring an additional 1,310 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Target Corporation by 5.3% during the third quarter. Kanaly Trust Co now owns 1,534 shares of the retailer's stock valued at $105,000 after buying an additional 154 shares during the period.

Target has missed Wall Street's fourth-quarter profit expectations for the past two years. Parallel Advisors LLC now owns 2,072 shares of the retailer's stock valued at $117,000 after acquiring an additional 399 shares in the last quarter.

In the most updated research from a number of analysts on Wall Street, the company gets 4 Buys and 4 Sell among 26 analysts. Finally, Loomis Sayles & Co. TN acquired a new position in shares of Target Corporation in the 2nd quarter valued at approximately $234,000. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer's stock worth $145,000 after purchasing an additional 445 shares during the period. Institutional investors own 83.51% of the company's stock. Net earnings per share dropped 17.1 percent to $0.88 from $1.06 a year ago. (NYSE:TGT) opened at 73.50 on Monday.

With a total market value of $0, Target has P/E ratio of 12.64 with a 52 week low of $48.56 and a 52 week high of $79.33. The firm has a market cap of $29,580.00, a price-to-earnings ratio of 12.19, a P/E/G ratio of 5.38 and a beta of 0.63. The company presently has a consensus rating of "Hold" and an average target price of $63.68.

Target Corp. had a return on equity of 25.18% and a net margin of 4.75%. Target Corporation (NYSE:TGT) has declined 16.51% since November 16, 2016 and is downtrending. The retailer reported $1.04 EPS for the quarter, topping the Zacks' consensus estimate of $0.83 by $0.21.

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Analysts, on average, expected earnings of 86 cents per share on revenues of $16.67 billion. Target Corp. Target Corp.'s quarterly revenue was down 6.7% compared to the same quarter a year ago. Its previous guidance had earnings per share for the period coming in between $4.35 to $4.55.

The stock of Target Corporation (TGT) formed H&SI with $64.30 price target or 7.00 % above the current $60.09 share price. BidaskClub upgraded shares of Target Corporation from a "sell" rating to a "hold" rating in a research report on Monday, July 31st. TheStreet upgraded shares of Target Corporation from a "c+" rating to a "b" rating in a research report on Thursday, September 28th.

In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business's stock in a transaction that occurred on Friday, September 15th. MKM Partners upped their price objective on shares of Target Corporation from $58.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, August 17th. 21,528,489 shares of the company traded hands, compared to its average volume of 7,170,398. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The percentage of shares being held by the company management was 0.4% while institutional stake was 91.3%.

In October, Target said most of its holiday gifts would cost less than $15 and that it would offer customers free shipping beginning in November.

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels.

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