Target (NYSE:TGT - Free Report) had its price target lowered by Evercore ISI from $135.00 to $130.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an in-line rating on the retailer's stock.
TGT has been the subject of a number of other research reports. Daiwa Capital Markets cut Target from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lowered shares of Target from a "buy" rating to a "hold" rating and reduced their target price for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. StockNews.com downgraded shares of Target from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Daiwa America downgraded shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Finally, Bank of America cut their target price on Target from $195.00 to $160.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Target presently has an average rating of "Hold" and an average price target of $147.00.
Check Out Our Latest Analysis on Target
Target Stock Performance
Shares of NYSE TGT traded up $1.06 during midday trading on Wednesday, hitting $115.11. 8,048,807 shares of the company's stock traded hands, compared to its average volume of 5,991,962. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market capitalization of $52.74 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The firm has a fifty day moving average of $132.05 and a 200 day moving average of $141.51. Target has a 1 year low of $112.10 and a 1 year high of $181.86.
Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. On average, analysts forecast that Target will post 8.69 earnings per share for the current year.
Target Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were paid a $1.12 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.89%. Target's payout ratio is 50.56%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in TGT. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Target in the fourth quarter valued at approximately $29,000. Bernard Wealth Management Corp. bought a new position in Target in the fourth quarter worth approximately $29,000. MCF Advisors LLC increased its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after purchasing an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. raised its position in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.
Target Company Profile
(
Get Free Report)
Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.
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