Target (NYSE:TGT) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Target (NYSE:TGT) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $110.00 target price on the retailer’s stock.

Other research analysts have also recently issued reports about the company. Guggenheim reiterated a “buy” rating and set a $115.00 price target on shares of Target in a research report on Monday, October 27th. BMO Capital Markets dropped their price objective on shares of Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, January 21st. Piper Sandler reissued a “neutral” rating and set a $85.00 price target (down from $94.00) on shares of Target in a report on Thursday, November 20th. Finally, Morgan Stanley restated an “overweight” rating and set a $125.00 price target on shares of Target in a research report on Thursday, January 15th. Ten research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $103.20.

Target Stock Performance

TGT opened at $114.53 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. Target has a 12-month low of $83.44 and a 12-month high of $131.70. The firm has a 50 day moving average of $103.11 and a two-hundred day moving average of $96.80. The firm has a market capitalization of $51.86 billion, a PE ratio of 13.90, a P/E/G ratio of 11.59 and a beta of 1.14.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. The firm had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, analysts anticipate that Target will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be issued a $1.14 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a yield of 4.0%. Target’s dividend payout ratio is presently 55.34%.

Hedge Funds Weigh In On Target

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGT. Valtinson Bruner Financial Planning LLC raised its holdings in shares of Target by 2.6% during the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock worth $352,000 after acquiring an additional 92 shares during the period. Auxano Advisors LLC boosted its holdings in Target by 3.0% in the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock valued at $312,000 after purchasing an additional 93 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its stake in shares of Target by 32.3% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after buying an additional 98 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in shares of Target by 0.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after buying an additional 100 shares during the last quarter. Finally, Neumann Capital Management LLC raised its position in shares of Target by 0.8% during the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock valued at $1,298,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.