Company shares are trading at $62.58 which is slightly above the 50 day moving average of $59.00 and quite a bit above the 200 day moving average of $55.85. The 50 day moving average went up by +6.07% and the 200 day average went up $6.73 or +12.05%. Trading volume for Target Corporation was 6,054K on Tuesday. Trading volume was up 13.86% over the stocks average daily volume.
Investors are feeling more bullish on shares of the company if you evaluate the fall in short interest. The firm experienced a fall in short interest of -3.45% as of September 29, 2017 from the last reporting period. Short shares fell from 57,736,191 to 55,744,770 over that timeframe. With short interest at 55,744,770 and short average daily volume at 4,629,497, the short-interest ratio is 12.0 and the percentage of shorted shares was 0.10% on September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (TGT). As of quarter end Cutter & CO Brokerage, Inc. had acquired 500 shares growing its holdings by 7.5%. The value of the total investment in Target Corporation went from $348,000 to $422,000 a change of $74,000 quarter over quarter. As of the end of the quarter Guardian Investment Management had bought a total of 2,210 shares growing its position 16.1%. The value of the investment in Target Corporation increased from $824,000 to $943,000 a change of 14.4% quarter to quarter.
Robeco Institutional Asset Management B.v. added to its ownership by buying 121,236 shares an increase of 27.0% as of 09/30/2017. Robeco Institutional Asset Management B.v. now holds 569,812 shares with a value of $33,624,000. The total value of its holdings increased 35.8%. Focused Investors LLC cut its stake by selling 45,600 shares a decrease of 2.9%. Focused Investors LLC now controls 1,547,300 shares worth $91,306,000. The value of the position overall is up by 9.6%.
On August 17 the company was rated “Buy” in a report from MKM Partners which is up from the previous “Neutral” rating. August 18 investment analysts at BMO Capital maintained a company rating of “Market Perform” but moved down the price target to $67.00 from $87.00.
The company is now up since yesterday’s close of 61.76. Additionally Target Corporation announced a dividend that will be paid on Sun Dec 10, 2017. The dividend payment will be $0.620 per share for the quarter which is $2.48 annualized. This dividend represents a yield of $4.10. The ex-dividend date will be Monday the 14th of August 2017.
Target Corporation’s P/E ratio is 12.64 and the market cap of the company is 34.18B. In the latest earnings report the EPS was $4.95 and is expected to be $4.51 for the current year with 546,231,000 shares outstanding. Next quarter’s EPS is forecasted at $1.23 with next year’s EPS anticipated to be $4.41.
Target Corporation (Target), launched on February 11, 1902, is a general merchandise retailer selling products through its stores and digital channels. The Business’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. The Business’s digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online. The Business’s owned brands include Archer Farms, Market Pantry, Sutton & Dodge, Art Class, Merona, Threshold, Ava & Viv, Pillowfort, up & up, Boots & Barkley, Room Essentials, Wine Cube, Cat & Jack, Simply Balanced, Wondershop, Embark, Smith & Hawken, Xhilaration, Gilligan & O’Malley, Sonia Kashuk, Knox Rose and Spritz..