Shares of Target Co. (NYSE:TGT) have received a consensus recommendation of “Buy” from the twenty-nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, seventeen have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $150.67.
A number of brokerages have commented on TGT. Raymond James boosted their price target on shares of Target from $180.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 19th. Jefferies Financial Group started coverage on shares of Target in a research note on Friday, October 16th. They set a “hold” rating and a $180.00 price target for the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Target in a report on Wednesday, November 18th. MKM Partners raised shares of Target from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $127.00 to $156.00 in a report on Thursday, November 19th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Target in a report on Wednesday, September 23rd.
In other Target news, insider Stephanie A. Lundquist sold 4,471 shares of the company’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $161.00, for a total transaction of $719,831.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Robert M. Harrison sold 1,220 shares of the company’s stock in a transaction dated Thursday, November 19th. The shares were sold at an average price of $169.50, for a total transaction of $206,790.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,162 shares of company stock worth $1,646,452. Insiders own 0.52% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TGT. Rockbridge Investment Management LCC bought a new stake in shares of Target during the second quarter valued at about $27,000. Fortis Group Advisors LLC bought a new stake in shares of Target during the third quarter valued at about $32,000. Hexagon Capital Partners LLC bought a new stake in shares of Target during the third quarter valued at about $35,000. Advisory Alpha LLC bought a new stake in shares of Target during the third quarter valued at about $36,000. Finally, Hall Laurie J Trustee bought a new stake in shares of Target during the third quarter valued at about $37,000. Hedge funds and other institutional investors own 80.87% of the company’s stock.
Shares of TGT stock opened at $176.53 on Wednesday. The firm has a market capitalization of $88.40 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 3.16 and a beta of 0.85. The firm has a fifty day simple moving average of $172.93 and a two-hundred day simple moving average of $149.23. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.13. Target has a 12 month low of $90.17 and a 12 month high of $181.17.
Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, November 17th. The retailer reported $2.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $1.19. The business had revenue of $22.63 billion during the quarter, compared to analyst estimates of $20.91 billion. Target had a net margin of 4.16% and a return on equity of 30.25%. During the same quarter in the previous year, the business posted $1.36 EPS. On average, equities analysts predict that Target will post 7.18 earnings per share for the current fiscal year.
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home dÃ©cor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target CafÃ©, Target Optical, Starbucks, and other food service offerings.
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