Target (NYSE:TGT)‘s stock had its “hold” rating reaffirmed by stock analysts at Stifel Nicolaus in a report issued on Thursday. They currently have a $75.00 price target on the retailer’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 6.04% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. TheStreet upgraded Target from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Vetr downgraded Target from a “strong-buy” rating to a “buy” rating and set a $64.00 target price for the company. in a research report on Monday, November 20th. ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. MKM Partners started coverage on Target in a research report on Wednesday, October 18th. They set a “buy” rating and a $85.00 target price for the company. Finally, Zacks Investment Research upgraded 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. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. Target currently has a consensus rating of “Hold” and a consensus price target of $65.29.
Target (NYSE:TGT) opened at $70.73 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $38,450.00, a P/E ratio of 14.86, a P/E/G ratio of 8.18 and a beta of 0.63. Target has a 52-week low of $48.56 and a 52-week high of $72.08.
Target (NYSE:TGT) last posted its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. Target’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. analysts forecast that Target will post 4.57 earnings per share for the current fiscal year.
In other news, Director Roxanne S. Austin sold 4,705 shares of Target 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Heritage Trust Co grew its stake in shares of Target by 129.7% during the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after purchasing an additional 1,000 shares during the period. SevenBridge Financial Group LLC grew its stake in shares of Target by 2,200.0% during the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after purchasing an additional 1,826 shares during the period. Parallel Advisors LLC grew its stake in shares of Target by 23.8% during the second 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. Jacobi Capital Management LLC grew its stake in shares of Target by 109.8% during the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after purchasing an additional 1,310 shares during the period. Finally, Sandy Spring Bank grew its stake in shares of Target by 6.7% during the second 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. 87.42% of the stock is owned by institutional investors and hedge funds.
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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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