Target Corporation (TGT) Releases Earnings Results, Beats Expectations By $0.10 EPS

Target Corporation (TGT) reported quarterly earnings results on Wednesday, Aug-17-2016. The company said it had a profit of $1.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $1.13. The company posted revenue of $16169.00 million in the period, compared to analysts expectations of $16170.29 million. The company’s revenue was down -7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.

Many Wall Street Analysts have commented on Target Corporation. Company shares were Reiterated by Deutsche Bank on Aug 15, 2016 to “Hold”, Firm has raised the Price Target to $ 79 from a previous price target of $78 .Miller Tabak Initiated Target Corporation on Jul 29, 2016 to “Buy”, Price Target of the shares are set at $87.

Target Corporation opened for trading at $75.58 and hit $76.23 on the upside on Monday, eventually ending the session at $75.53, with a gain of 0.43% or 0.32 points. The heightened volatility saw the trading volume jump to 53,73,376 shares. Company has a market cap of $44,508 M.

In a different news, on May 23, 2016, Calvin Darden (director) sold 37,105 shares at $67.02 per share price. According to the SEC, on May 23, 2016, Catherine R Smith (Executive Officer) purchased 5,000 shares at $67.82 per share price. On Mar 18, 2016, Timothy R Baer (Executive Officer) sold 23,782 shares at $82.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Target Corporation is engaged in providing everyday essentials and fashionable and differentiated merchandise at discounted prices. The Company offers its products through stores online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment including perishables dry grocery dairy and frozen items. Its urban format stores CityTarget and TargetExpress offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise including various items found in its stores along with a complementary assortment such as additional sizes and colors sold online. The Company’s brands include Archer Farms Simply Balanced Boots & Barkley Circo Embark Gilligan & O’Malley Market Pantry Merona Room Essentials Smith & Hawken Spritz and Sutton & Dodge.

Target Corporation

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