Target Corporation (TGT) is Initiated by Miller Tabak to Buy, Price Target at $87

Target Corporation (TGT) was Initiated by Miller Tabak to “Buy” and the brokerage firm has set the Price Target at $87. Miller Tabak advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Target Corporation. Shares were Reiterated by Telsey Advisory Group on May 19, 2016 to “Outperform” and Lowered the Price Target to $ 88 from a previous price target of $91 .Shares were Reiterated by MKM Partners on May 19, 2016 to “Neutral” and Lowered the Price Target to $ 73 from a previous price target of $81 .Shares were Reiterated by Barclays on May 19, 2016 to “Underweight” and Lowered the Price Target to $ 65 from a previous price target of $70 .

On the company’s financial health, Target Corporation reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 18, 2016. Analyst had a consensus of $1.19. The company had revenue of $16196.00 million for the quarter, compared to analysts expectations of $16313.21 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.10 EPS.

Target Corporation closed down -0.46 points or -0.61% at $74.79 with 41,65,801 shares getting traded on Thursday. Post opening the session at $75.04, the shares hit an intraday low of $74.05 and an intraday high of $75.23 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Investors should note that on Jun 8, 2016, Target Corporation announced a cash dividend of $0.6000. The company’s management has announced Aug 15, 2016 as the ex-dividend date and fixed the record date on Aug 17, 2016. The payable date has been fixed on Sep 10, 2016.

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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