Target (NYSE:TGT) was downgraded by research analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, January 11th. They currently have a $70.45 price target on the retailer’s stock. Vetr‘s target price points to a potential downside of 9.80% from the company’s current price.
TGT has been the topic of a number of other research reports. TheStreet raised shares of Target from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Zacks Investment Research raised shares of Target from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Tuesday, October 10th. Robert W. Baird reissued a “hold” rating and set a $70.00 price target on shares of Target in a research report on Wednesday, January 3rd. MKM Partners set a $77.00 price target on shares of Target and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, Morgan Stanley reduced their price target on shares of Target from $52.00 to $50.00 and set an “underweight” rating on the stock in a research report on Thursday, November 16th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $66.78.
Shares of Target (NYSE TGT) traded up $0.20 on Thursday, hitting $78.10. 7,794,516 shares of the company were exchanged, compared to its average volume of 7,220,000. 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 has a 12-month low of $48.56 and a 12-month high of $78.17. The stock has a market capitalization of $42,450.00, a price-to-earnings ratio of 16.41, a P/E/G ratio of 4.12 and a beta of 0.63.
Target (NYSE:TGT) last posted its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The company had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. Target’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts anticipate that Target will post 4.72 EPS for the current year.
In other news, Director Roxanne S. Austin sold 4,705 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were 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 SEC, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Heritage Trust Co lifted its holdings 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 lifted its holdings 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 lifted its holdings 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 lifted its holdings 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 lifted its holdings 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. Institutional investors and hedge funds own 87.43% of the company’s stock.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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