Robert W. Baird reiterated their hold rating on shares of Target (NYSE:TGT) in a research report sent to investors on Wednesday, January 3rd. They currently have a $70.00 target price on the retailer’s stock.
Other equities analysts also recently issued research reports about the company. TheStreet upgraded Target from a c+ rating to a b rating in a report on Thursday, September 28th. Zacks Investment Research raised Target from a hold rating to a buy rating and set a $63.00 target price for the company in a research report on Tuesday, October 10th. Morgan Stanley reduced their target price on Target from $52.00 to $50.00 and set an underweight rating for the company in a research report on Thursday, November 16th. MKM Partners set a $77.00 target price on Target and gave the stock a buy rating in a research report on Thursday, December 14th. Finally, BMO Capital Markets reiterated a market weight rating on shares of Target in a research note on Thursday, September 14th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $65.29.
Shares of Target (TGT) traded up $3.27 during midday trading on Wednesday, reaching $74.00. 12,085,700 shares of the company’s stock were exchanged, compared to its average volume of 7,490,000. Target has a 52 week low of $48.56 and a 52 week high of $74.06. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The firm has a market cap of $40,220.00, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 8.18 and a beta of 0.63.
Target (NYSE:TGT) last issued its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The company had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. sell-side analysts anticipate that Target will post 4.57 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.35%. Target’s payout ratio is presently 52.10%.
In related news, Director Roxanne S. Austin sold 4,705 shares of the business’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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Fiera Capital Corp increased its holdings in Target by 0.4% in the 2nd quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock worth $256,000 after purchasing an additional 19 shares in the last quarter. WealthTrust Fairport LLC increased its stake in shares of Target by 1.6% in the second quarter. WealthTrust Fairport LLC now owns 6,051 shares of the retailer’s stock valued at $316,000 after buying an additional 93 shares during the period. Security National Bank of Sioux City Iowa IA increased its stake in shares of Target by 0.8% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,341 shares of the retailer’s stock valued at $698,000 after buying an additional 102 shares during the period. Hugh Johnson Advisors LLC increased its stake in shares of Target by 2.0% in the second quarter. Hugh Johnson Advisors LLC now owns 5,673 shares of the retailer’s stock valued at $297,000 after buying an additional 109 shares during the period. Finally, Cheviot Value Management LLC increased its stake in shares of Target by 1.5% in the second quarter. Cheviot Value Management LLC now owns 8,483 shares of the retailer’s stock valued at $444,000 after buying an additional 126 shares during the period. 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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