A Bull's Eye No Longer
Cheap chic name Target (TGT) has been both a great stock and a disappointing one over the past five years, depending on when you bought it. As of Aug. 17, 2012 the shares were down about 9.4% from their peak price in 2007, which was hit just ahead of the dual housing and financial implosions.
In fiscal 2007 (ended Jan. 31, 2008), earnings per share finished at $3.33. This year is expected to come in almost 31% higher at $4.36. Dividends were $0.52 annually in 2007 vs. $1.32 in 2012, as the quarterly payout was raised to $0.36 in the fiscal third quarter. How, then, can the shares be lower today? Well, Target was too richly priced in early 2007....304 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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