Target Corp (TGT) Holder Quantres Asset Management LTD Has Raised Position

Shares of Target (NYSE:TGT) opened at 55.04 on Thursday.

On average, analysts expect that Target will report full-year sales of $15.61 billion for the current year, with estimates ranging from $68.12 billion to $69.24 billion. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. (TGT) has an Average Brokerage Recommendation (ABR) of 2.96, according to data compiled by Zacks Investment Research. The company rocked its 52-Week High of $79.33 and touched its 52-Week Low of $52.72. If the market is performing well and the stock is over-valued, TGT might be a good investment at this point but if the market is dropping down, you might not consider buying the stock. They set a "hold" rating and a $72.00 target price for the company. Year to date is 36.83%, 14.82% over the last quarter, 29.36% for the past six months and 34.10% over the last 12 months. Finally, Focused Wealth Management Inc purchased a new position in Target during the fourth quarter worth $166,000.

While looking at the Stock's Performance, Target Corp. now shows a Weekly Performance of -5.77%, where Monthly Performance is 2.69%, Quarterly performance is -16.29%, 6 Months performance is -23.03% and yearly performance percentage is -23.29%. The retailer reported $1.45 EPS for the quarter, missing the consensus estimate of $1.51 by $0.06. The Return on Equity ratio of Target Corp. Following the completion of the acquisition, the director now directly owns 16,431 shares in the company, valued at $901,404.66.

Target Corp. was covered by a number of analysts recently, 4 rated the stock as Buy, 18 rated Hold, 1 rated sell and 3 gave an Underperform. The firm had revenue of $16.02 billion during the quarter, compared to analysts' expectations of $15.63 billion. MKM Partners reiterated a "neutral" rating and set a $70.00 price objective (down previously from $77.00) on shares of Target in a research report on Thursday, January 19th. Vanguard Group Inc is the second biggest holder with 41 million shares now valued at 2.93 B million whilst BlackRock Fund Advisors has 23 million shares valued at 1.68 B million. The stock was bought at an average price of $58.95 per share, for a total transaction of $294,750.00. The company's market capitalization is $239.09 billion with the total outstanding shares of 9.95 billion. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. The disclosure for this purchase can be found here.

The Relative Volume of the company is 2.98 and Average Volume (3 months) is 7.79 million.

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Target Corp. (TGT)'s distance from 200 day simple moving average is -15.24 percent, its distance from 50 day simple moving average is 1.49 percent, while its distance from 20 day simple moving average is 0.04 percent.

On 3/9/2017 Donald R Knauss, Director, bought 10,000 with an average share price of $54.86 per share and the total transaction amounting to $548,600.00.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Up in the future. Target also saw some unusual options trading on Thursday. The company had a trading volume of 6,298,296 shares. Shareholders of record on Wednesday, May 17th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Monday, May 15th.

On 9/21/2016 Target announced a quarterly dividend of $0.60 3.5% with an ex dividend date of 11/14/2016 which will be payable on 12/10/2016.

Following disappointing results from Macy's Inc (M) and other large retailers, Target's earnings highlighted the successful implementation of its turnaround strategy and restored investor optimism, proving it isn't another brick-and-mortar casualty to the likes of (AMZN). The Company's general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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