This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ex-Dividend Stocks: Target, ConEd

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Monday, meaning an investor must purchase the shares Friday to qualify for the next dividend payment: Target (TGT - Get Report), Consolidated Edison (ED - Get Report), Aflac (AFL - Get Report), Amgen (AMGN - Get Report), CenterPoint Energy (CNP) and Marathon Oil (MRO - Get Report).

Target

The discount retailer's first-quarter comparable-store sales, reported on May 3, rose 5.3%.

"We believe the optionality of accelerated earnings growth in the future combined with a relatively lower valuation is balanced by the challenges (and macro-dependence) of the business. The P-Fresh/REDcard contribution to comps has peaked placing increased reliance on the macro-dependent/discretionary areas of the store to drive sales (suggesting a decelerating comp trend through the year)," JPMorgan analysts wrote in a report Tuesday. "Additionally, EPS growth in 2012 is likely to be suppressed given roughly a $0.50 headwind from Canada expenses and ~$0.20 from lower profits in credit. Moreover, recent management turnover creates increased uncertainty in a tough environment while the company is pushing into Canada. While TGT looks seemingly inexpensive compared to its peers and historical valuation, we believe a relatively discounted multiple is justified. Near term, given the likelihood for a deceleration in same-store sales after a 300+ benefit from the Easter shift and the weather, we expect the stock to fade some of its recent performance."

Forward Annual Dividend Yield: 2.2%

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AMGN $163.58 0.00%
AFL $63.98 0.00%
ED $60.94 0.00%
MRO $30.52 0.00%
TGT $80.02 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs