+ Watch TGT
on My Watchlist
The country’s second-largest discount chain, Target shoots to be more upscale than rivals with a focus on design.
Dividends500 tracks the 200 strongest dividends in the S&P 500. To qualify as a strong dividend, the company must meet two simple requirements:- A payout ratio below 50%- An increasing dividend from the prior yearBecause there are more than 200 dividend paying companies in the S&P 500 that meet these requirements, the qualifying companies with the largest dividend yields were chosen. Dividends500 intends to test this FactSet article, which highlights these strong dividend paying companies and their outperformance versus the S&P 500 as a whole (Page 12).http://www.factset.com/websitefiles/PDFs/dividend/dividend_12.16.13If you have questions or see something you think is inaccurate feel free to let me know.
Overbought and overvalued. Analysts consensus earnings estmate has fallen 28% in the past 90 days, and the price target has dropped 8%. Despite this, the stock still trades at a premium to its 5 year average Forward PEG, and its trailing PE is over 20. The company has been damaged by the security breach, and is in the process of a technology overhaul. Consumers, and the market, don't like uncertainty.
Buy good companies in hard times.
Expansion plans and credit card issues will be resolved in time
Target is a well stocked venue, clean and updated. Management has responded efficiently and expediently to the same kind of breach that ocurred at Nieman Marcus. New stores going into Canada coupled with competitive pricing, good inventory, and a pleasant environ makes this recent low a no brainer.
Trading just a hair above its 52-week low; the security breach problems shall pass.
Great cash flow company that is well managed with a track record of consistent shareholder growth of time. A recent decline due to credit card breach is concerning but not a huge factor versus cash flow and management actions to correct it. These are the times we live in and expect these types of security breaches to occur with other highly valued retailers over time as they have in the past with good post return to growth. Short down time, high opportunity now for stock re-purchase.
$73.44 price target by January 2015.
Currently trading lower
They are trading at a large discount because of being hacked. They have upgraded their security and should return to previous levels of trading.
Recovery from the credit card, customer information data theft will lift the stock price
2014 will be a difficult year for the middle-class consumer. People want to purchase items that are a good value and do not look cheap. Target products hit the strike zone of 80% of the population can find a product they would wear or use in their home.
Just think of this target credit card thing as a recall for the automotive industry.
Facing major problems (possibly lawsuits) over data breach. Customers currently reluctant to shop there. 2014 may be good time to pick up a quality retail stock cheap.
Getting out when the getting is good for me. I think the next two years will be tuff on TGT pending the recent lack of IT security and the pending lawsuits that are developing. I have sold of my stocks and am awaiting the impact of the pending storms in 2014 and 2015.
Buying on bad news seems to work
Target had struggling with the expansion into Canada and now the data breach...but I believe this will mostly pass by spring/summer 2014. Stock may continue to drop through the early winter, but if management continues the stock buybacks at the reduced prices, and allowing times for a return on the recent Canadian expansion, I think the turn-around could be noticable by holiday season 2014.
There will always be a place for good brick and mortar retailers and Target is one of the best. They still have plenty of room to grow internationally, and they'll get their Canadian expansion figured out eventually and apply lessons from it as they push into other countries. Oh, four decades of dividend increases is nice too.
Attractive yield, low payout from FCF, and a better choice right now than WMT
12/27/11 TGT Outperform 5Y $50.61 +21.77% +13.68% +8.08 12/11/2012 @ $61.63Wallstreet seems to love this 40B 'discount store'. I know nothing about retail, but keep a few to 'diversify'. Div. (Yield) $1.72 (2.7%)Current Yield 2.88%
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