Target Corporation is Initiated by Bernstein to “Outperform”

Target Corporation (TGT) was Initiated by Bernstein to “Outperform” and the brokerage firm has set the Price Target at $77. Bernstein advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, Target Corporation reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Nov 16, 2016. Analyst had a consensus of $0.83. The company had revenue of $16441.00 million for the quarter, compared to analysts expectations of $16303.40 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

Several company insiders have filed Insider transactions , on Dec 6, 2016, Roxanne S Austin (director) sold 3,957 shares at $77.87 per share price. According to the SEC, on Nov 21, 2016, Anne M Mulcahy (director) sold 3,957 shares at $75.45 per share price. On May 23, 2016, Calvin Darden (director) sold 37,105 shares at $67.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Target Corporation closed down -0.68 points or -1.02% at $65.73 with 55,20,829 shares getting traded on Friday. Post opening the session at $66.51, the shares hit an intraday low of $65.22 and an intraday high of $66.96 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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