ValuEngine Upgrades Target (TGT) to Buy

Target (NYSE:TGT) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Other research analysts also recently issued research reports about the company. MKM Partners set a $91.00 target price on Target and gave the company a “buy” rating in a research note on Friday, June 29th. Credit Suisse Group set a $86.00 price target on Target and gave the stock a “buy” rating in a research note on Monday, May 14th. Susquehanna Bancshares reiterated a “positive” rating and set a $84.00 price target on shares of Target in a research note on Thursday, June 7th. Vetr upgraded Target from a “buy” rating to a “strong-buy” rating and set a $80.00 price target for the company in a research note on Wednesday, March 21st. Finally, Guggenheim reiterated a “hold” rating on shares of Target in a research note on Wednesday, May 23rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $75.47.

Shares of NYSE TGT opened at $76.55 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.18 and a debt-to-equity ratio of 1.18. Target has a one year low of $50.04 and a one year high of $79.59. The stock has a market capitalization of $40.85 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.42 and a beta of 0.72.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 23rd. The retailer reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Target had a net margin of 4.09% and a return on equity of 23.34%. The firm had revenue of $16.78 billion during the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter last year, the firm earned $1.21 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities research analysts anticipate that Target will post 5.28 EPS for the current fiscal year.

In related news, insider Janna A. Potts sold 5,152 shares of the business’s stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $75.00, for a total transaction of $386,400.00. Following the completion of the transaction, the insider now owns 22,304 shares of the company’s stock, valued at approximately $1,672,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Don H. Liu sold 2,735 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $75.00, for a total value of $205,125.00. Following the transaction, the insider now directly owns 62,210 shares of the company’s stock, valued at approximately $4,665,750. The disclosure for this sale can be found here. Insiders have sold a total of 51,813 shares of company stock valued at $4,076,175 in the last three months. 0.19% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. lifted its position in shares of Target by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 81,938 shares of the retailer’s stock worth $5,346,000 after purchasing an additional 2,765 shares during the last quarter. Zeke Capital Advisors LLC lifted its position in shares of Target by 11.8% during the 4th quarter. Zeke Capital Advisors LLC now owns 25,293 shares of the retailer’s stock worth $1,650,000 after purchasing an additional 2,672 shares during the last quarter. SWS Partners acquired a new position in shares of Target during the 4th quarter worth about $132,000. Twin Capital Management Inc. acquired a new position in shares of Target during the 1st quarter worth about $2,093,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Target during the 4th quarter worth about $5,090,000. 85.42% of the stock is owned by institutional investors and hedge funds.

About Target

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.

Analyst Recommendations for Target (NYSE:TGT)

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