Target (NYSE:TGT) has been assigned a $93.00 price target by equities researchers at MKM Partners in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the retailer’s stock. MKM Partners’ price objective points to a potential upside of 21.09% from the stock’s previous close.
Other research analysts have also 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 lowered Target from a “strong-buy” rating to a “buy” rating and set a $64.00 price objective for the company. in a research report on Monday, November 20th. Zacks Investment Research upgraded Target from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Tuesday, October 10th. ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, 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. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Target currently has a consensus rating of “Hold” and a consensus target price of $66.15.
Shares of Target (NYSE TGT) opened at $76.80 on Friday. Target has a twelve month low of $48.56 and a twelve month high of $77.00. The firm has a market capitalization of $41,746.41, a P/E ratio of 16.07, a PEG ratio of 3.95 and a beta of 0.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27.
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 Zacks’ consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The business had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts predict that Target will post 4.73 earnings per share for the current fiscal year.
In other Target 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 transaction of $294,580.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Hexavest Inc. raised its stake in shares of Target by 1.9% in the 4th quarter. Hexavest Inc. now owns 1,149,100 shares of the retailer’s stock worth $74,979,000 after buying an additional 20,940 shares in the last quarter. Kistler Tiffany Companies LLC raised 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 buying an additional 2,952 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of 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 raised its stake in shares of 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. Finally, Franklin Street Advisors Inc. NC raised its stake in shares of 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. 87.42% of the stock is currently owned by institutional investors.
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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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