Vetr lowered shares of Target (NYSE:TGT) from a buy rating to a hold rating in a research note released on Monday, December 18th. They currently have $66.59 target price on the retailer’s stock.
Several other equities analysts have also recently issued reports on the company. Sanford C. Bernstein set a $65.00 price objective on Target and gave the company a buy rating in a research report on Thursday, December 14th. MKM Partners set a $77.00 price objective on Target and gave the company a buy rating in a research report on Thursday, December 14th. Moffett Nathanson assumed coverage on Target in a research report on Monday, December 4th. They issued a neutral rating on the stock. ValuEngine raised Target from a hold rating to a buy rating in a research report on Friday, December 1st. Finally, Barclays set a $45.00 target price on shares of Target and gave the company a sell rating in a research note on Wednesday, November 15th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $65.29.
Shares of Target (NYSE TGT) traded up $3.27 on Monday, hitting $74.00. The stock had a trading volume of 12,184,034 shares, compared to its average volume of 7,490,000. The company has a market cap of $40,220.00, a PE ratio of 15.55, a P/E/G ratio of 8.18 and a beta of 0.63. Target has a 12-month low of $48.56 and a 12-month high of $74.06. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96.
Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 EPS. sell-side analysts forecast that Target will post 4.57 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.35%. Target’s dividend payout ratio (DPR) is 52.10%.
In other news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Kistler Tiffany Companies LLC increased its stake in shares of Target by 42.4% in the 4th quarter. Kistler Tiffany Companies LLC now owns 9,908 shares of the retailer’s stock worth $646,000 after purchasing an additional 2,952 shares in the last quarter. North Star Investment Management Corp. increased its stake in Target by 48.4% in the 4th quarter. North Star Investment Management Corp. now owns 76,150 shares of the retailer’s stock worth $4,969,000 after buying an additional 24,835 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in Target by 25.2% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,701 shares of the retailer’s stock worth $829,000 after buying an additional 2,554 shares in the last quarter. Franklin Street Advisors Inc. NC increased its stake in Target by 36.3% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 5,450 shares of the retailer’s stock worth $356,000 after buying an additional 1,450 shares in the last quarter. Finally, Carlson Capital Management increased its stake in Target by 22.9% in the 4th quarter. Carlson Capital Management now owns 12,291 shares of the retailer’s stock worth $802,000 after buying an additional 2,289 shares in the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.
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Target Company Profile
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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