Brokerage firm Cowen & Co. Downgrades its rating on Target Corporation(NYSE:TGT). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Cowen & Co. was issued on Sep 12, 2016.
In a different note, On Aug 18, 2016, Citigroup said it Maintains its rating on Target Corporation. The shares have been rated ‘Buy’ by the firm. On Aug 18, 2016, Goldman Sachs said it Maintains its rating on Target Corporation. In the research note, the firm Lowers the price-target to $75.00 per share. The shares have been rated ‘Neutral’ by the firm.
Target Corporation (TGT) shares turned negative on Tuesdays trading session with the shares closing down -0.27 points or -0.39% at a volume of 29,88,173. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $69.29. The peak price level was also seen at $69.29 while the days lowest was $68.475. Finally the shares closed at $68.62. The 52-week high of the shares is $84.14 while the 52-week low is $65.5. According to the latest information available, the market cap of the company is $39,447 M.
Target Corporation(TGT) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $16.17B. Analysts had an estimated revenue of $16.17B. Earnings per share were $1.23. Analysts had estimated an EPS of $1.12.
Several Insider Transactions has been reported to the SEC. On May 23, 2016, Calvin Darden (director) sold 37,105 shares at $67.02 per share price.Also, 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 Companys brands include Archer Farms Simply Balanced Boots & Barkley Circo Embark Gilligan & OMalley Market Pantry Merona Room Essentials Smith & Hawken Spritz and Sutton & Dodge.