Press coverage about Target (NYSE:TGT) has trended somewhat positive on Wednesday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Target earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the retailer an impact score of 46.4705018916613 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- DADI ICO Investors Become Targets of Phishing Scams Amid Reports of Data Leak (bitcoinist.com)
- Crypto.Review Launch Crypto Product Review Platform Targeting Both Beginners and Veterans (themerkle.com)
- Eurozone Inflation Preview: Draghi Already Said It Is Way Off The Target (feeds.benzinga.com)
- Dropbox IPO Target Valuation Set at $7 Billion to $8 Billion (msn.com)
- Melania Trump’s meeting with Facebook, Twitter to target cyberbullying — and people are beside themselves (yahoo.com)
TGT has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a research report on Saturday, January 20th. Robert W. Baird reissued a “hold” rating and issued a $70.00 price objective on shares of Target in a research report on Wednesday, January 3rd. MKM Partners set a $77.00 price objective on shares of Target and gave the company a “buy” rating in a research report on Thursday, December 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 price objective (up from $65.00) on shares of Target in a research report on Wednesday, January 10th. Finally, Morgan Stanley dropped their price objective on shares of Target from $52.00 to $50.00 and set an “underweight” rating on the stock in a research report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $73.97.
Target (NYSE:TGT) last released its earnings results on Tuesday, March 6th. The retailer reported $1.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.02). Target had a return on equity of 23.04% and a net margin of 4.08%. The firm had revenue of $22.77 billion during the quarter, compared to analyst estimates of $22.56 billion. During the same quarter last year, the business posted $1.45 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. equities research analysts forecast that Target will post 5.29 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Tuesday, February 20th. Target’s dividend payout ratio (DPR) is presently 53.68%.
In related news, insider Stephanie A. Lundquist sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the sale, the insider now owns 16,906 shares in the company, valued at $1,320,020.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 4,705 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The disclosure for this sale can be found here. Insiders sold 16,262 shares of company stock valued at $1,185,484 in the last quarter. Company insiders own 0.20% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was reported by BBNS and is the property of of BBNS. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://baseballnewssource.com/2018/03/14/target-tgt-receiving-somewhat-positive-news-coverage-report-finds/1926827.html.
Target Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its 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.
Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.