The Target (TGT) Receiving Somewhat Favorable Media Coverage, Study Finds

The Target (TGT) Receiving Somewhat Favorable Media Coverage, Study Finds

These are some of the media stories that may have impacted AlphaOne’s rankings:

Media headlines about Target (NYSE:TGT) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research group, a division of Accern, identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Target earned a media sentiment score of 0.19 on AlphaOne’s scale. AlphaOne also assigned press coverage about the retailer an impact score of 77 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next several days.

Shares of Target (TGT) opened at 55.52 on Monday. The stock’s 50 day moving average is $55.55 and its 200 day moving average is $63.29. The company has a market capitalization of $30.63 billion, a P/E ratio of 11.38 and a beta of 0.63. Target has a 52-week low of $52.72 and a 52-week high of $79.33. Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.30. Target had a net margin of 4.75% and a return on equity of 25.18%. The firm had revenue of $16.02 billion during the quarter, compared to analyst estimates of $15.63 billion. During the same period in the previous year, the business posted $1.29 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts expect that Target will post $4.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Wednesday, May 17th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Monday, May 15th. Target’s payout ratio is 42.93%. TGT has been the subject of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Target in a research report on Monday, February 6th. They issued an “outperform” rating and a $77.00 price objective for the company. Buckingham Research reaffirmed a “buy” rating and issued a $71.00 target price on shares of Target in a research note on Wednesday, April 19th. Barclays PLC reduced their target price on shares of Target from $60.00 to $50.00 and set an “underweight” rating for the company in a research note on Wednesday, March 1st. Zacks Investment Research upgraded shares of Target from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Finally, Gordon Haskett initiated coverage on shares of Target in a research note on Tuesday, May 9th. They set a “sell” rating and a $47.00 price objective for the company. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $65.49.

In other news, Director Donald R. Knauss purchased 10,000 shares of the stock in a transaction on Thursday, March 9th. The shares were acquired at an average price of $54.86 per share, with a total value of $548,600.00. Following the completion of the acquisition, the director now directly owns 16,431 shares of the company’s stock, valued at $901,404.66. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TGT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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