Stifel Nicolaus reiterated their hold rating on shares of Target (NYSE:TGT) in a research report released on Thursday, January 11th. They currently have a $75.00 price objective on the retailer’s stock.
A number of other equities analysts have also recently weighed in on TGT. Vetr cut Target from a strong-buy rating to a buy rating and set a $64.00 price target on the stock. in a research note on Monday, November 20th. Zacks Investment Research cut Target from a buy rating to a hold rating in a research note on Monday, October 23rd. Morgan Stanley dropped their price target on Target from $52.00 to $50.00 and set an underweight rating on the stock in a research note on Thursday, November 16th. Barclays set a $45.00 target price on Target and gave the company a sell rating in a research note on Wednesday, November 15th. Finally, MKM Partners set a $77.00 target price on Target and gave the company a buy rating in a research note on Thursday, December 14th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $66.78.
Shares of Target (TGT) traded down $2.02 during midday trading on Thursday, hitting $72.95. 6,800,000 shares of the company were exchanged, compared to its average volume of 7,300,000. The company has a market capitalization of $39,650.00, a PE ratio of 15.33, a P/E/G ratio of 3.96 and a beta of 0.75. Target has a fifty-two week low of $48.56 and a fifty-two week high of $78.70. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01.
Target (NYSE:TGT) last released its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The firm had revenue of $16.67 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. analysts expect that Target will post 4.72 EPS for the current year.
The business 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 $0.62 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 annualized dividend and a yield of 3.40%. Target’s dividend payout ratio (DPR) is currently 52.10%.
In other news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction that occurred 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 through the SEC website. Also, insider Stephanie A. Lundquist sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total value of $234,240.00. Following the transaction, the insider now owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,262 shares of company stock valued at $1,185,484. Corporate insiders own 0.25% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Heritage Trust Co increased its position in shares of Target by 129.7% during the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after purchasing an additional 1,000 shares during the period. SevenBridge Financial Group LLC increased its position 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 valued at $113,000 after purchasing an additional 1,826 shares during the period. Security Asset Management bought a new stake in shares of Target during the fourth quarter valued at approximately $115,000. Parallel Advisors LLC increased its position in shares of Target by 23.8% during the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares during the period. Finally, Jacobi Capital Management LLC increased its position 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 valued at $141,000 after purchasing an additional 1,310 shares during the period. Institutional investors own 87.41% 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.
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