Target (NYSE:TGT - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Thursday.
Other equities analysts have also issued reports about the company. Robert W. Baird lowered Target from an "outperform" rating to a "neutral" rating and set a $110.00 target price on the stock. in a research report on Monday, April 7th. Truist Financial dropped their target price on Target from $124.00 to $82.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Guggenheim increased their price objective on Target from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Telsey Advisory Group decreased their target price on shares of Target from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. Finally, Gordon Haskett cut shares of Target from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Target currently has an average rating of "Hold" and an average price target of $134.57.
View Our Latest Stock Report on TGT
Target Stock Performance
TGT traded up $0.06 during midday trading on Thursday, reaching $92.77. The company's stock had a trading volume of 10,452,844 shares, compared to its average volume of 5,557,062. Target has a twelve month low of $87.35 and a twelve month high of $169.80. The stock has a market cap of $42.26 billion, a P/E ratio of 9.84, a PEG ratio of 1.94 and a beta of 1.28. The company has a fifty day simple moving average of $113.01 and a 200 day simple moving average of $131.69. 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 (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates 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. Research analysts expect that Target will post 8.69 earnings per share for the current year.
Institutional Investors Weigh In On Target
A number of institutional investors have recently modified their holdings of the stock. Nicholas Company Inc. raised its stake in shares of Target by 20.5% in the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer's stock worth $7,544,000 after buying an additional 9,485 shares during the period. River Road Asset Management LLC raised its stake in Target by 144.9% in the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock worth $31,699,000 after buying an additional 138,751 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in Target during the fourth quarter valued at approximately $6,459,000. Sierra Summit Advisors LLC raised its position in shares of Target by 29.0% in the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer's stock valued at $1,940,000 after purchasing an additional 3,231 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock worth $2,430,000 after purchasing an additional 3,590 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.
About Target
(
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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