Target Corporation(NYSE:TGT) Is A Buy Despite Of The Sophisticated Security Breach


Dallas, Texas 04/04/2014 (FINANCIALSTRENDS) – The month of December came with a setback in the security system and Target Corporation (NYSE:TGT) became the victim. This was a highly sophisticated security breach in which the credit card and debit card was revealed of about 40 million people.

Target Corporation (NYSE:TGT) is a company that is valued at $37.77 billion and the trading on the 27th of March began at 59.57$. That particular day’s price ranged from $59.02 to $60.14 per share and the analysis of the past 52 weeks show that the prices range changed between $54.66 to $73.50.

The pricing forecast and the consumer’s share

The shares were priced at 14.65x according to the forecasting and seeing that the shares are comparatively cheaper to the industry’s pricing at 21.11x per equity. The company also provides dividends to its shareholders. There is a distribution of 1.72$ per share from the yielding of 2.90%.

The analysis for Target Corporation (NYSE:TGT)

There were a group of 21 analysts who reached to a common opinion and estimated the earnings of the company. They have realized that 0.73$ per share earnings will be worse as compared to the same quarter the year before, which is decreased by $0.28. Though there is an interesting fact to know that the complete year’s equity per share estimate is $4.04 which is surprisingly better by $0.79.

To summarize all about Target Corporation (NYSE:TGT)

Target Corporation was founded in the year 1902 and has its headquarters in Minneapolis, Minnesota. The company owns and manages merchandise stores in USA and Canada. It offers household essentials, electronics, apparel and accessories, jewelry and shoes. The company also provides food and pet supplies, home furnishings and décor and in-store amenities. Distribution of the merchandise is done through a network of distribution centers. Further there are third parties and direct shipping from vendors. The company had 1,924 stores, including 1,797 in the United States and 127 in Canada till 13th March.