Target Beat 3Q17 Earnings Estimate, Earnings Remain Weak

Why Target Disappointed on Margins in 3Q17

The big-box retailer, however, reported better-than-expected sales, earnings and comps for the third quarter and also bumped up its full year earnings per share guidance.

Institutional investors and hedge funds have recently bought and sold shares of the stock.

MINNEAPOLIS | A cautious outlook on the crucial holiday season overshadowed a strong quarter from Target, pulling shares down sharply before the opening bell and the shares of other retailers as well. Boston Private Wealth LLC now owns 53,455 shares of the retailer's stock valued at $2,795,000 after buying an additional 2,285 shares in the last quarter. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer's stock valued at $107,000 after buying an additional 127 shares during the period. Cable Hill Partners LLC raised its holdings in shares of Target Corporation by 848.8% during the third quarter. First National Bank Sioux Falls now owns 1,603 shares of the retailer's stock valued at $110,000 after buying an additional 250 shares during the period.

"While we expect the fourth-quarter environment to be highly competitive, we are very confident in our holiday season plans", said Brian Cornell, CEO of Target in a company release. 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. TN acquired a new position in shares of Target Corporation in the 2nd quarter valued at approximately $234,000. If you are accessing this story on another domain, it was illegally stolen and republished in violation of USA and global trademark and copyright laws.

TRADEMARK VIOLATION WARNING: "Comerica Bank Has $16.26 Million Stake in Target Corporation (TGT)" was reported by Week Herald and is the property of of Week Herald. The firm has a market cap of $29,580.00, a P/E ratio of 12.19, a PEG ratio of 5.38 and a beta of 0.63. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. The company has a current ratio of 0.91, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. Wolfe Research downgraded the stock to "Underperform" rating in Wednesday, March 1 report.

On average, 24 analysts polled by Thomson Reuters expect earnings of $1.24 per share.

Target Corp. had a return on equity of 25.18% and a net margin of 4.75%.

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Gross margin improved 1 percent from a year ago to $4.96 billion. The company guided fourth quarter adjusted earnings per share to $1.05 to $1.25. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.58%. Target Corporation's dividend payout ratio is presently 50.10%. Miller Tabak initiated it with "Buy" rating and $87 target in Friday, July 29 report. The stock was sold at an average price of $77.87, for a total transaction of $308,131.59. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

A number of other research analysts also recently issued reports on the stock.

That easily beat Wall Street expectations on Wednesday of 86 cents per share, according to a survey by Zacks Investment Research. The company is expected to report flattish bottom-line results on 2.4 percent sales growth. BidaskClub upgraded shares of Target Corporation from a "hold" rating to a "buy" rating in a research report on Sunday, August 6th.

Target Corporation (NYSE:TGT) slipped over -0.51% at $60.09. They set a "market perform" rating and a $62.00 price objective for the company. Telsey Advisory Group maintained Target Corporation (NYSE:TGT) on Thursday, August 18 with "Outperform" rating.

Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. Target Corporation presently has an average rating of "Hold" and an average price target of $63.68.

The Company sells a range of general merchandise and food through its store and digital channels.

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