Target Inc. (TGT) Is Losing Ground Following Q3 Report

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Finally, Nomura set a $75.00 price target on Target Corp. and gave the company a "hold" rating in a research note on Friday, October 7th.

TRADEMARK VIOLATION WARNING: "Target Corporation (TGT) Shares Bought by First Quadrant L P CA" was first reported by Week Herald and is owned by of Week Herald.

Now insiders hold 2,360,453 shares in the business which makes up 0.43% of shares. That compares with $608 million, or $1.06 per share, in the year-ago period. It also sees fourth quarter comps to be flat to up 2%, versus estimates for 0.7% growth. (NYSE:TGT) opened at 65.39 on Wednesday.

Target Corporation (NYSE:TGT) early Wednesday posted market-beating third quarter earnings results and offered a solid outlook for the all-important holiday quarter, as sales at established stores appear to be normalizing. Third-quarter results also compare to consensus estimates for EPS of $0.86 and $16.6 billion in revenue.

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th.

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XAutoplay: On | OffEstimates: Per-share earnings to drop 17% to 86 cents a share as revenue edges up 0.5% to $16.52 billion. If you are reading this news story on another domain, it was illegally copied and republished in violation of US & worldwide trademark and copyright law. The original version of this piece can be viewed at Shareholders of record on Wednesday, November 15th will be given a $0.62 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Monday, February 13th. Target Corporation's payout ratio is now 50.10%.

In other news, Director Anne M. Mulcahy sold 3,957 shares of the company's stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. Boston Private Wealth LLC boosted its holdings in shares of Target Corporation by 4.5% in the second quarter. Fiera Capital Corp now owns 4,888 shares of the retailer's stock valued at $256,000 after buying an additional 19 shares in the last quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer's stock valued at $553,000 after acquiring an additional 44 shares during the last quarter. The fund owned 350,881 shares of the retailer's stock after purchasing an additional 9,201 shares during the period. GA ADV boosted its holdings in shares of Target Corporation by 0.8% in the 2nd quarter. Carnick & Kubik Group LLC purchased a new position in shares of Target Corporation during the third quarter valued at approximately $554,000.

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels.

In August and September, Target introduced four new brands - A New Day in women's apparel; Goodfellow & Co. for men; Project 62 in modern home goods, and athletic leisure line JoyLab. The Company sells a range of general merchandise and food through its store and digital channels.