Target Co. (NYSE:TGT) has been given a consensus rating of “Hold” by the twenty-four analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $75.59.
A number of equities analysts have commented on the stock. Vetr raised shares of Target from a “sell” rating to a “hold” rating and set a $72.52 target price on the stock in a research note on Monday, February 5th. Susquehanna Bancshares set a $95.00 target price on shares of Target and gave the stock a “buy” rating in a research note on Monday, March 5th. Sanford C. Bernstein set a $65.00 target price on shares of Target and gave the stock a “buy” rating in a research note on Thursday, December 14th. Zacks Investment Research downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Barclays set a $45.00 target price on shares of Target and gave the stock a “sell” rating in a research note on Wednesday, November 15th.
Shares of Target (NYSE TGT) traded down $0.20 during mid-day trading on Friday, reaching $70.45. 2,942,147 shares of the company’s stock were exchanged, compared to its average volume of 7,231,481. The company has a quick ratio of 0.30, a current ratio of 0.95 and a debt-to-equity ratio of 0.97. Target has a one year low of $48.56 and a one year high of $78.70. The stock has a market capitalization of $38,420.00, a P/E ratio of 15.28, a PEG ratio of 3.00 and a beta of 0.71.
Target (NYSE:TGT) last issued its earnings results on Tuesday, March 6th. The retailer reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.02). Target had a return on equity of 23.04% and a net margin of 4.08%. The firm had revenue of $22.77 billion for the quarter, compared to analysts’ expectations of $22.56 billion. During the same period last year, the firm earned $1.45 earnings per share. Target’s revenue for the quarter was up 10.0% on a year-over-year basis. analysts anticipate that Target will post 5.29 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 10th. Shareholders of record on Wednesday, May 16th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.52%. Target’s dividend payout ratio is presently 53.68%.
In related news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $62.61, for a total value of $294,580.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Harrison sold 8,557 shares of Target stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $76.74, for a total transaction of $656,664.18. Following the completion of the transaction, the insider now owns 13,288 shares of the company’s stock, valued at approximately $1,019,721.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,262 shares of company stock valued at $1,185,484. Company insiders own 0.25% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Bedell Frazier Investment Counseling LLC acquired a new position in shares of Target in the third quarter valued at approximately $219,000. Westside Investment Management Inc. grew its holdings in shares of Target by 128.6% in the fourth quarter. Westside Investment Management Inc. now owns 1,600 shares of the retailer’s stock valued at $107,000 after purchasing an additional 900 shares in the last quarter. Security Asset Management acquired a new position in shares of Target in the fourth quarter valued at approximately $115,000. Heritage Trust Co grew its holdings in shares of Target by 129.7% in 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 in the last quarter. Finally, First Mercantile Trust Co. acquired a new position in shares of Target in the fourth quarter valued at approximately $124,000. Hedge funds and other institutional investors own 87.02% of the company’s stock.
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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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