Target (NYSE:TGT - Free Report) had its target price boosted by JPMorgan Chase & Co. from $139.00 to $146.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the retailer's stock.
Other research analysts have also issued reports about the company. Stifel Nicolaus upped their target price on Target from $137.00 to $145.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Gordon Haskett lowered Target from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Oppenheimer reaffirmed an "outperform" rating and set a $165.00 target price on shares of Target in a research report on Monday, November 25th. Citigroup upped their target price on Target from $130.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Finally, HSBC lowered Target from a "buy" rating to a "hold" rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $157.93.
Check Out Our Latest Analysis on Target
Target Stock Up 1.5 %
Shares of TGT traded up $1.87 during trading hours on Wednesday, hitting $124.37. The company had a trading volume of 8,891,248 shares, compared to its average volume of 5,449,238. The company has a market capitalization of $56.99 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target has a one year low of $120.21 and a one year high of $181.86. The company's fifty day moving average price is $133.77 and its two-hundred day moving average price is $142.39.
Target Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. Target's payout ratio is 47.51%.
Hedge Funds Weigh In On Target
A number of large investors have recently bought and sold shares of the business. abrdn plc raised its holdings in shares of Target by 5.8% during the third quarter. abrdn plc now owns 676,770 shares of the retailer's stock valued at $104,436,000 after acquiring an additional 37,353 shares during the last quarter. Fidelis Capital Partners LLC lifted its position in shares of Target by 15.5% in the third quarter. Fidelis Capital Partners LLC now owns 5,639 shares of the retailer's stock valued at $835,000 after acquiring an additional 755 shares in the last quarter. Avitas Wealth Management LLC lifted its position in shares of Target by 1.2% in the third quarter. Avitas Wealth Management LLC now owns 29,551 shares of the retailer's stock valued at $4,606,000 after acquiring an additional 347 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of Target by 16.4% in the third quarter. Mutual Advisors LLC now owns 21,386 shares of the retailer's stock valued at $3,212,000 after acquiring an additional 3,014 shares in the last quarter. Finally, Trajan Wealth LLC lifted its position in shares of Target by 15.6% in the third quarter. Trajan Wealth LLC now owns 52,650 shares of the retailer's stock valued at $8,206,000 after acquiring an additional 7,093 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.
About Target
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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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