Shares of Target Co. (NYSE:TGT) have been assigned an average rating of “Hold” from the twenty-six ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $71.04.
A number of brokerages recently issued reports on TGT. Citigroup reiterated a “neutral” rating and issued a $80.00 price objective (down previously from $86.00) on shares of Target in a research report on Friday. Vetr downgraded Target from a “hold” rating to a “sell” rating and set a $73.66 price objective on the stock. in a research report on Thursday, February 15th. Robert W. Baird upgraded Target from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $75.00 to $85.00 in a research report on Wednesday, February 14th. ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Finally, Cowen set a $80.00 price objective on Target and gave the stock a “hold” rating in a research report on Thursday, February 8th.
In other news, insider Robert M. Harrison sold 8,557 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $76.74, for a total transaction of $656,664.18. Following the transaction, the insider now directly owns 13,288 shares of the company’s stock, valued at $1,019,721.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephanie A. Lundquist sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the transaction, the insider now directly owns 16,906 shares in the company, valued at $1,320,020.48. The disclosure for this sale can be found here. Insiders have sold 16,262 shares of company stock worth $1,185,484 in the last 90 days. Company insiders own 0.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. 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 valued at $105,000 after buying an additional 1,000 shares during the last quarter. Westside Investment Management Inc. grew its stake in shares of Target by 128.6% during the fourth quarter. Westside Investment Management Inc. now owns 1,600 shares of the retailer’s stock valued at $107,000 after buying an additional 900 shares during the last quarter. 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 valued at $113,000 after buying an additional 1,826 shares during the last quarter. Security Asset Management bought a new position in shares of Target during the fourth quarter valued at about $115,000. Finally, First Mercantile Trust Co. bought a new position in shares of Target during the fourth quarter valued at about $124,000. 88.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Target (NYSE:TGT) traded down $2.20 during mid-day trading on Tuesday, hitting $72.86. The company had a trading volume of 7,085,642 shares, compared to its average volume of 7,430,000. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. Target has a one year low of $48.56 and a one year high of $78.70. The stock has a market capitalization of $39,600.00, a P/E ratio of 15.31, a PEG ratio of 3.57 and a beta of 0.75.
The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a yield of 3.40%. Target’s payout ratio is 52.10%.
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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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