Company Update: Target Corporation (NYSE:TGT) – Target Announces Voting Results from 2016 Annual Meeting of Shareholders

[Business Wire] – Target Corporation today announced voting results from its 2016 Annual Meeting of Shareholders. Shareholders elected 14 members of the board of directors, ratified the appointment of Target’s independent registered public accounting firm, approved the “Say on Pay” management proposal and rejected one shareholder proposal. Read more on this. Target Corp. (TGT) , with a current value of $40.44B, started the session at $68.35. Today’s price range has been between $68.12 and $68.90 per share with a trailing 52-week range being $65.50 to $85.81. Target (TGT) shares are currently priced at 13.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.55x earnings multiple for the same period. The company pays shareholders $2.24 per share annually in dividends, yielding 3.26%. Consensus earnings for the current quarter by the 22 sell-side analysts covering the stock is an estimate of $1.12 per share, which would be $0.10 worse than the year-ago quarter and a $0.25 sequential decrease. The full-year EPS estimate is $5.14, which would be a $0.45 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.17 Billion. If reported, that would be a 7.23% decrease over the year-ago quarter. Recently, Barclays downgraded TGT from Overweight to Underweight (Mar 31, 2016). Previously, Citigroup Initiated TGT at to Buy. The average price target for TGT shares is $77.47, which is 13.34% above where the stock opened this morning. See more in (NYSE:TGT) Similar Articles: Company Update (NYSE:DFS): Discover Financial Services Announces 2016 Annual Meeting of Shareholders Market Update: Bank of America Corporation (NYSE:BAC) – Bank of America Announces Preliminary Voting Results of 2016 Annual Meeting of Stockholders Company Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks to Webcast 2016 Annual Meeting of Shareholders