Target (NYSE:TGT) Coverage Initiated by Analysts at Bank of America

Bank of America started coverage on shares of Target (NYSE:TGT) in a report issued on Friday, Marketbeat.com reports. The brokerage issued an underperform rating and a $103.00 target price on the retailer’s stock.

TGT has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price target on Target from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday. Sanford C. Bernstein increased their target price on Target from $80.00 to $91.00 and gave the company an “underperform” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Citigroup upped their price objective on shares of Target from $89.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada decreased their price objective on shares of Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $107.24.

Target Price Performance

Shares of Target stock traded down $1.09 during trading hours on Friday, reaching $113.70. The stock had a trading volume of 6,413,811 shares, compared to its average volume of 6,110,919. The stock’s 50 day moving average is $107.74 and its 200 day moving average is $97.83. 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 twelve month low of $83.44 and a twelve month high of $127.06. The firm has a market capitalization of $51.48 billion, a PE ratio of 13.80, a PEG ratio of 11.68 and a beta of 1.14.

Target Dividend Announcement

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

Hedge Funds Weigh In On Target

Hedge funds and other institutional investors have recently modified their holdings of the business. Crawford Investment Counsel Inc. grew its stake in Target by 0.4% during the 4th quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after acquiring an additional 90 shares in the last quarter. Valtinson Bruner Financial Planning LLC grew its position in shares of Target by 2.6% in the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock valued at $352,000 after purchasing an additional 92 shares in the last quarter. Auxano Advisors LLC grew its position in shares of Target by 3.0% in the fourth quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock valued at $312,000 after purchasing an additional 93 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its holdings in shares of Target by 32.3% in the second quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after purchasing an additional 98 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in Target by 0.6% during the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after buying an additional 100 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Wells Fargo raised its price target to $130 and reiterated an “overweight” rating, signaling a sizable upside vs. current levels and offering a strong analyst vote of confidence for the stock. Benzinga
• Positive Sentiment: Target announced it will sell only cereals made without certified synthetic colors by the end of May — a retailer-leading move that supports merchandising authority, ESG positioning, and could strengthen brand perception. PR Newswire
• Positive Sentiment: Target and Roller Rabbit will launch an exclusive spring collection (250+ items) to drive traffic and seasonal sales — a merchandising collaboration that may support comp trends if it resonates with customers. PR Newswire
• Neutral Sentiment: JPMorgan raised its price target to $115 but kept a “neutral” rating — a modest upward revision that offers some support but stops short of a bullish endorsement. Benzinga TickerReport
• Neutral Sentiment: Zacks commentary and multiple analyst pieces flag Target as a “trending” / value candidate ahead of results — useful for investors evaluating relative valuation and estimates but not an immediate catalyst. Zacks
• Negative Sentiment: Bank of America initiated coverage with an “underperform” rating and $103 price target — a fresh analyst downside that adds selling pressure and gives investors a lower-conviction view. Finviz
• Negative Sentiment: Sanford C. Bernstein cut its price target to $91 and kept an “underperform” stance, representing a material downside and reinforcing a segment of analyst skepticism about near-term performance. Benzinga
• Negative Sentiment: Reuters reports growing investor agitation and leadership scrutiny tied to merchandising and policy decisions over the past three years — governance concerns can pressure the stock if activists push for changes or if execution missteps persist. Reuters

About Target

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.