Analyst Stock Ratings: Target Corporation (TGT), National Grid plc (NGG)

State Street Corp reduced its stake in Target Corporation (NYSE:TGT) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission.

Target recently launched its plan to invest more than $7 billion in itself over the next three years, in order to "evolve" to meet consumer preferences. Reilly Financial Advisors LLC boosted its stake in shares of Target Corporation by 77.6% in the first quarter. Tompkins Financial Corp now owns 1,711 shares of the retailer's stock valued at $141,000 after buying an additional 781 shares in the last quarter. Welch & Forbes has an ownership of 8,150 stocks of the retailer's shares valued at $450,000 after scooping up an extra 24 stocks in the previous period. Bank of New York Mellon Corp increased its stake in Target Corporation by 11.6% in the first quarter. TRUE Private Wealth Advisors now owns 4,488 shares of the retailer's stock valued at $238,000 after buying an additional 38 shares during the last quarter. Target's digital sales increased by 32 percent, which helped drive much of the revenue and same-store sales this quarter. Schroder Investment Management Group now owns 1,126,610 shares of the retailer's stock valued at $62,245,000 after buying an additional 596,551 shares during the period. Institutional investors and hedge funds own 82.59% of the company's stock.

Target Corporation (NYSE:TGT), maintained return on investment for the last twelve months at 10.37, higher than what Reuters data shows regarding industry's average. Target Corporation has $92 highest and $47 lowest target. The company has market cap of $30.94 billion.

More notable recent Target Corporation (NYSE:TGT) news were published by: Seekingalpha.com which released: "Target Will Beat Earnings" on August 13, 2017, also Fool.com with their article: "Are These the First Signs of a Turnaround at Target Corporation?" published on August 06, 2017, Seekingalpha.com published: "Target rallies after lifting profit guidance" on August 16, 2017.

Yes, Target reported a profit of $1.23 a share, beating forecasts for $1.19 a share, on sales of $16.4 billion, topping estimates for $16.3 billion. Meanwhile, sales at stores open at least a year rose 1.3 percent.

Net income fell to $672 million, or $1.22 per share, in the second quarter ended July 29, from $680 million, or $1.16 per share, a year earlier.

For the third quarter fiscal 2017, the company expects adjusted earnings per share in the range of 75 cents to 95 cents. Stockholders of record on Wednesday, August 16th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.45%. WealthTrust Fairport LLC boosted its position in shares of Target Corporation by 0.9% in the first quarter. The ex-dividend date of this dividend is Monday, August 14th.

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A number of equities analysts have recently issued reports on TGT shares. This rating score is based on a 1-5 scale where a 5 would reveal a Strong Buy, a 4 indicates a Moderate Buy, 3 would equal to a hold, 2 means a moderate sell, and a rating of 1 would display a Strong Sell. UBS AG reiterated a "neutral" rating and set a $56.00 price target (down from $60.00) on shares of Target Corporation in a report on Tuesday, June 20th. Gordon Haskett initiated coverage on Target Corporation in a report on Tuesday, May 9th.

Target Corporation (NYSE TGT) traded up 1.64% during trading on Monday, reaching $55.93. The stock of Target Corporation (NYSE:TGT) has "Sell" rating given on Thursday, January 19 by Goldman Sachs.

Vanessa Coleman

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