Target signals another weak holiday quarter, shares tumble
00:26, Nov 17, 2017
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The institutional investor owned 1,231,750 shares of the retailer's stock after selling 130,337 shares during the period.
Third-quarter adjusted earnings per share from continuing operations were $0.91, compared to $1.04 past year. (NYSE:PEP) news were published by: Nasdaq.com which released: "Texan Capital Management Buys Main Street Capital Corp, PepsiCo Inc, Sells ..." on October 27, 2017, also Forbes.com with their article: "Pepsico Stock A Dividend Growth Darling With Strong Corporate Governance ..." published on November 08, 2017, Dividend.com published: "PepsiCo, Inc.: With Soda Demand Falling, Pepsi Continues to Thrive" on October 25, 2017. Belpointe Asset Management LLC bought a new stake in shares of Target Corporation during the third quarter valued at about $577,000. Boston Private Wealth LLC now owns 53,455 shares of the retailer's stock valued at $2,795,000 after buying an additional 2,285 shares in the last quarter.
Canandaigua National Bank & Trust Company increased its stake in Target Corp. Kanaly Trust Co now owns 1,534 shares of the retailer's stock valued at $105,000 after buying an additional 154 shares during the period. Finally, Patten & Patten Inc. Parallel Advisors LLC raised its holdings in Target Corporation by 23.8% in the second quarter. Insiders own 0.20% of the company's stock. It is positive, as 9 investors sold FormFactor, Inc. shares while 34 reduced holdings. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
In a note revealed to clients on Friday morning, Wells Fargo analyst has today initiated coverage for Target (NYSE:TGT) shares with a Outperform rating.
In pre-market activity on the NYSE, Target shares were losing 5.6 percent to trade at $56.71. The company has a market cap of $29,970.00, a price-to-earnings ratio of 12.25, a PEG ratio of 2.84 and a beta of 0.63.
With a total market value of $0, Target has P/E ratio of 12.64 with a 52 week low of $48.56 and a 52 week high of $79.33. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.91.
The company expects full-year earnings in the range of $4.40 to $4.60 per share. The business had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. The company is expected to report flattish bottom-line results on 2.4 percent sales growth. Target Corp. Target Corp.'s quarterly revenue was down 6.7% compared to the same quarter previous year.
For the current quarter ending in January, Target expects its per-share earnings to range from $1.05 to $1.25. Investors of record on Wednesday, November 15th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Tuesday, November 14th. Target Corporation's dividend payout ratio is presently 50.10%.
A number of equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Target Corporation from a "hold" rating to a "buy" rating in a research report on Sunday, August 6th. Citigroup maintained the shares of TGT in report on Thursday, August 18 with "Buy" rating. The stock presently has a consensus rating of "Hold" and a consensus price target of $63.60.
That easily beat Wall Street expectations on Wednesday of 86 cents per share, according to a survey by Zacks Investment Research. Stifel Nicolaus reiterated a "hold" rating and set a $60.00 price target (up from $58.00) on shares of Target Corporation in a report on Friday, August 18th.
Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. The company now has a consensus rating of "Hold" and an average target price of $63.60.
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