Analysts Set Target Co. (NYSE:TGT) Price Target at $160.57

Shares of Target Co. (NYSE:TGT - Get Free Report) have received an average rating of "Hold" from the thirty-two ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $160.57.

A number of research firms have recently commented on TGT. HSBC cut shares of Target from a "buy" rating to a "hold" rating and set a $138.00 target price for the company. in a report on Wednesday, November 20th. Daiwa America lowered shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Hsbc Global Res downgraded shares of Target from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 20th. Guggenheim dropped their price target on Target from $180.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, November 21st. Finally, StockNews.com lowered Target from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st.

Target Stock Performance

Shares of Target stock opened at $141.78 on Monday. The company has a 50 day moving average of $137.58 and a 200-day moving average of $145.53. The company has a market cap of $64.97 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 2.21 and a beta of 1.17. 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 1-year low of $120.21 and a 1-year high of $181.86.

Target (NYSE:TGT - Get Free Report) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the prior year, the business posted $2.10 EPS. The company's revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities research analysts forecast that Target will post 8.6 earnings per share for the current fiscal year.

Institutional Trading of Target

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Target during the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC grew its position in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer's stock valued at $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC acquired a new position in Target during the third quarter worth $38,000. Finally, Reston Wealth Management LLC bought a new position in shares of Target in the third quarter valued at $41,000. 79.73% of the stock is owned by institutional investors.

Target Company Profile

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.