ValuEngine upgraded shares of Target (NYSE:TGT) from a hold rating to a buy rating in a research note released on Monday morning.
Other equities research analysts have also recently issued research reports about the company. Vetr cut Target from a hold rating to a sell rating and set a $73.66 price objective on the stock. in a research note on Thursday, February 15th. Robert W. Baird upgraded Target from a neutral rating to an outperform rating and upped their price objective for the stock from $75.00 to $85.00 in a research note on Wednesday, February 14th. Credit Suisse Group started coverage on Target in a research note on Monday, March 5th. They set a buy rating and a $86.00 price objective on the stock. Citigroup reiterated a neutral rating and set a $80.00 price objective (down previously from $86.00) on shares of Target in a research note on Friday, February 16th. Finally, Telsey Advisory Group dropped their price objective on Target from $83.00 to $80.00 and set a market perform rating on the stock in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Target currently has a consensus rating of Hold and an average target price of $74.37.
Target opened at $72.90 on Monday, Marketbeat.com reports. Target has a twelve month low of $70.74 and a twelve month high of $73.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.95 and a quick ratio of 0.30. The company has a market cap of $37.65 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 2.96 and a beta of 0.71.
Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share 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 analyst estimates of $22.56 billion. During the same period last year, the company earned $1.45 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. sell-side analysts forecast that Target will post 5.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 10th. Investors of record on Wednesday, May 16th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Tuesday, May 15th. Target’s dividend payout ratio (DPR) is presently 52.65%.
In related news, insider John J. Mulligan sold 118,373 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $69.37, for a total value of $8,211,535.01. Following the sale, the insider now owns 195,906 shares in the company, valued at approximately $13,589,999.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Lee Financial Co increased its position in Target by 168.7% during the 1st quarter. Lee Financial Co now owns 1,435 shares of the retailer’s stock worth $100,000 after buying an additional 901 shares during the period. Westside Investment Management Inc. increased its position in Target by 128.6% during the 4th quarter. Westside Investment Management Inc. now owns 1,600 shares of the retailer’s stock worth $107,000 after buying an additional 900 shares during the period. Signaturefd LLC bought a new position in Target during the 1st quarter worth $112,000. Security Asset Management bought a new position in Target during the 4th quarter worth $115,000. Finally, First Mercantile Trust Co. bought a new position in Target during the 4th quarter worth $124,000. Hedge funds and other institutional investors own 88.98% of the company’s stock.
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.