Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Target (NYSE:TGT) Share Price

News headlines about Target (NYSE:TGT) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Target earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the retailer an impact score of 46.3858480134452 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

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Shares of TGT stock opened at $69.43 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.30 and a current ratio of 0.95. Target has a fifty-two week low of $48.56 and a fifty-two week high of $78.70. The company has a market capitalization of $37,604.36, a PE ratio of 14.66, a price-to-earnings-growth ratio of 2.92 and a beta of 0.71.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 6th. The retailer reported $1.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.02). Target had a net margin of 4.08% and a return on equity of 23.04%. The company had revenue of $22.77 billion for the quarter, compared to analysts’ expectations of $22.56 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. research analysts forecast that Target will post 5.29 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 10th. Shareholders of record on Wednesday, May 16th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.57%. Target’s dividend payout ratio is presently 46.36%.

A number of equities research analysts have recently weighed in on TGT shares. ValuEngine raised Target from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Moffett Nathanson started coverage on Target in a research note on Monday, December 4th. They set a “neutral” rating for the company. MKM Partners set a $77.00 price target on Target and gave the stock a “buy” rating in a report on Thursday, December 14th. Sanford C. Bernstein set a $65.00 price target on Target and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Vetr cut Target from a “buy” rating to a “hold” rating and set a $66.59 target price on the stock. in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $74.20.

In other Target news, insider Robert M. Harrison sold 8,557 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $76.74, for a total transaction of $656,664.18. Following the sale, the insider now directly owns 13,288 shares in the company, valued at $1,019,721.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephanie A. Lundquist sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the sale, the insider now owns 16,906 shares in the company, valued at $1,320,020.48. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

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About Target

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.

Insider Buying and Selling by Quarter for Target (NYSE:TGT)

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