Target (NYSE:TGT) Price Target Cut to $155.00 by Analysts at UBS Group

Target (NYSE:TGT - Get Free Report) had its price target lowered by equities researchers at UBS Group from $170.00 to $155.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the retailer's stock. UBS Group's price target suggests a potential upside of 34.66% from the stock's current price.

Several other research firms have also recently weighed in on TGT. Evercore ISI dropped their price objective on shares of Target from $135.00 to $130.00 and set an "in-line" rating for the company in a research report on Wednesday. Bank of America dropped their target price on shares of Target from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday. Piper Sandler dropped their target price on shares of Target from $132.00 to $124.00 and set a "neutral" rating for the company in a research report on Wednesday. Jefferies Financial Group dropped their target price on shares of Target from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Sanford C. Bernstein upped their target price on shares of Target from $139.00 to $142.00 and gave the company a "market perform" rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Target presently has an average rating of "Hold" and a consensus price target of $147.00.

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Target Trading Up 0.9 %

TGT stock traded up $1.06 during trading on Wednesday, hitting $115.11. The company had a trading volume of 8,048,807 shares, compared to its average volume of 5,991,962. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $132.05 and a 200-day moving average price of $141.51. Target has a 12 month low of $112.10 and a 12 month high of $181.86. The stock has a market cap of $52.74 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $30.92 billion during the quarter, compared to analysts' expectations of $30.83 billion. As a group, analysts predict that Target will post 8.69 earnings per share for the current year.

Institutional Investors Weigh In On Target

A number of institutional investors and hedge funds have recently modified their holdings of the company. Aegis Wealth Management LLC bought a new stake in shares of Target in the 4th quarter valued at about $277,000. Wood Tarver Financial Group LLC bought a new stake in shares of Target in the 4th quarter valued at about $118,000. Probity Advisors Inc. raised its holdings in shares of Target by 4.3% in the 4th quarter. Probity Advisors Inc. now owns 8,711 shares of the retailer's stock valued at $1,178,000 after purchasing an additional 360 shares during the period. Copley Financial Group Inc. raised its holdings in shares of Target by 17.8% in the 4th quarter. Copley Financial Group Inc. now owns 1,883 shares of the retailer's stock valued at $255,000 after purchasing an additional 284 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Target in the 4th quarter valued at about $51,270,000. 79.73% of the stock is owned by institutional investors.

About Target

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.