Target Corporation (NYSE:TGT) has been assigned a consensus rating of “Hold” from the twenty-nine brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $63.09.
TGT has been the subject of a number of research analyst reports. Vetr lowered Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 target price for the company. in a research report on Thursday, July 20th. UBS AG reaffirmed a “neutral” rating and issued a $56.00 target price (down from $60.00) on shares of Target Corporation in a research report on Tuesday, June 20th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $67.00 target price (up from $62.00) on shares of Target Corporation in a research report on Friday, August 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 target price (up from $58.00) on shares of Target Corporation in a research report on Friday, August 18th. Finally, Citigroup Inc. lowered Target Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the company from $51.00 to $56.00 in a research report on Wednesday, June 21st.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.25% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its holdings in shares of Target Corporation by 23.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after purchasing an additional 399 shares during the period. Penserra Capital Management LLC raised its holdings in shares of Target Corporation by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock worth $129,000 after purchasing an additional 204 shares during the period. Davidson Investment Advisors raised its holdings in shares of Target Corporation by 18.5% in the 1st quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after purchasing an additional 400 shares during the period. Kistler Tiffany Companies LLC raised its holdings in shares of Target Corporation by 19.1% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after purchasing an additional 445 shares during the period. Finally, Sandy Spring Bank raised its holdings in shares of Target Corporation by 6.7% in the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock worth $155,000 after purchasing an additional 185 shares during the period. 83.23% of the stock is currently owned by institutional investors.
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Target Corporation (NYSE TGT) opened at 60.85 on Wednesday. The firm has a market capitalization of $33.24 billion, a PE ratio of 12.30 and a beta of 0.62. The stock’s 50 day moving average price is $57.97 and its 200 day moving average price is $55.54. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33.
Target Corporation (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The firm had revenue of $16.43 billion during the quarter, compared to analyst estimates of $16.30 billion. During the same period last year, the company posted $1.23 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Target Corporation will post $4.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.08%. Target Corporation’s payout ratio is presently 50.00%.
About Target Corporation
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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