Target says sales are up after a year-long slump

Why Target Remains Unattractive to Shoppers and Investors

Why Target Remains Unattractive to Shoppers and Investors

RI boosted its stake in Target Corporation by 0.4% in the first quarter. Levin Capital Strategies L.P. now owns 1,840,654 shares of the retailer's stock worth $132,950,000 after buying an additional 37,889 shares during the period. Norges Bank acquired a new position in Target Corporation during the fourth quarter worth approximately $460,220,000. Discount retailer Dollar Tree Inc's shares rose 1.3 percent and Costco Wholesale Corp's stock was up 1 percent. OR boosted its stake in Target Corporation by 48.0% in the fourth quarter.

The company has also been investing in two key categories, including apparel and home goods, to support their sales growth. Susquehanna initiated Target Corporation (NYSE:TGT) on Friday, February 10 with "Neutral" rating. About 21.12 million shares traded or 169.73% up from the average. The current share price indicates that stock is -32.80% away from its one year high and is moving 9.78% ahead of its 52-week low. The company's 50 day moving average is $54.35 and its 200 day moving average is $60.17. The company has market cap of $46.69 billion. Although he writes that the increase to the company's guidance shows that the tide is turning positive and he's looking forward to store improvements and new brand and product innovation, he still prefers other retailers like Wal-Mart (WMT) instead.

Target's (TGT) profitability is impacted by its dismal performance on the sales front. The business had revenue of $16.02 billion during the quarter, compared to analyst estimates of $15.63 billion. It has a return on equity (ROE) of 25.00%. Despite Thursday's gains, Target shares are still down 27% so far this year.

EPS in next five year years is expected to touch -4.50% while EPS growth in past 5 year was 1.40% along with sales growth of -0.10% in the last five years.

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Target reported a 1.3 percent drop in comparable sales in the first quarter of this year, which was better than the 3.6 percent decline analysts had forecast.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. The ex-dividend date of this dividend is Monday, August 14th. Target Corporation (NYSE:TGT) has declined 16.51% since July 14, 2016 and is downtrending. This represents a $2.48 annualized dividend and a yield of 4.65%. Target Corporation's dividend payout ratio is presently 48.98%.

Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, May 17th. If you are accessing this report on another site, it was stolen and reposted in violation of worldwide copyright & trademark law.

A number of research analysts have commented on TGT shares. Jefferies Group LLC reissued a hold rating and issued a $59.00 target price (up previously from $56.00) on shares of Target Corporation in a research note on Friday, May 19th. Zacks Investment Research raised Target Corporation from a "sell" rating to a "hold" rating in a research report on Monday, May 15th. BidaskClub downgraded Target Corporation from a hold rating to a sell rating in a research report on Tuesday, June 20th.

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