Target (NYSE:TGT) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday, May 7th.
Several other equities analysts also recently commented on TGT. UBS raised shares of Target from a “neutral” rating to a “positive” rating in a research note on Wednesday, January 10th. Susquehanna Bancshares raised shares of Target from a “neutral” rating to a “positive” rating and raised their target price for the company from $54.00 to $70.00 in a research note on Wednesday, January 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $75.00 target price (up previously from $65.00) on shares of Target in a research note on Wednesday, January 10th. Deutsche Bank upgraded shares of Target from a “neutral” rating to a “positive” rating and increased their price target for the company from $57.00 to $70.00 in a report on Wednesday, January 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $75.00 price target on shares of Target in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $74.37.
Target stock opened at $72.90 on Monday. Target has a fifty-two week low of $70.74 and a fifty-two week high of $73.13. The firm has a market capitalization of $37.65 billion, a PE ratio of 15.48, a PEG ratio of 2.96 and a beta of 0.71. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.97.
Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.02). Target had a net margin of 4.08% and a return on equity of 23.04%. The business had revenue of $22.77 billion for the quarter, compared to analysts’ expectations of $22.56 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. sell-side analysts anticipate that Target will post 5.29 earnings per share for the current year.
In other Target news, insider John J. Mulligan sold 118,373 shares of the company’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $69.37, for a total transaction of $8,211,535.01. Following the transaction, the insider now owns 195,906 shares in the company, valued at approximately $13,589,999.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.19% of the company’s stock.
A number of institutional investors have recently modified their holdings of TGT. Capital Investment Advisory Services LLC boosted its holdings in shares of Target by 9.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 7,675 shares of the retailer’s stock valued at $501,000 after acquiring an additional 693 shares during the last quarter. Corient Capital Partners LLC boosted its holdings in shares of Target by 11.1% in the 4th quarter. Corient Capital Partners LLC now owns 6,994 shares of the retailer’s stock valued at $456,000 after acquiring an additional 699 shares during the last quarter. Advisor Partners LLC boosted its holdings in Target by 7.5% during the first quarter. Advisor Partners LLC now owns 10,227 shares of the retailer’s stock worth $710,000 after buying an additional 712 shares in the last quarter. Wetherby Asset Management Inc. boosted its holdings in Target by 4.6% during the first quarter. Wetherby Asset Management Inc. now owns 16,312 shares of the retailer’s stock worth $1,133,000 after buying an additional 713 shares in the last quarter. Finally, White Pine Capital LLC boosted its holdings in Target by 2.7% during the fourth quarter. White Pine Capital LLC now owns 27,908 shares of the retailer’s stock worth $1,821,000 after buying an additional 725 shares in the last quarter. Institutional investors and hedge funds own 88.98% of the company’s stock.
Target Company Profile
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.
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