Target (NYSE:TGT) Downgraded by Robert W. Baird to Neutral

Target (NYSE:TGT - Get Free Report) was downgraded by Robert W. Baird from an "outperform" rating to a "neutral" rating in a research report issued on Monday, MarketBeat Ratings reports. They presently have a $110.00 target price on the retailer's stock. Robert W. Baird's price objective would suggest a potential upside of 20.44% from the stock's previous close.

A number of other research analysts have also recently commented on the stock. Guggenheim increased their target price on shares of Target from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Bank of America dropped their price objective on shares of Target from $160.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. UBS Group lowered their price target on shares of Target from $170.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Gordon Haskett cut Target from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, Oppenheimer reduced their price objective on Target from $165.00 to $150.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Target presently has a consensus rating of "Hold" and an average target price of $134.57.

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Target Price Performance

NYSE:TGT traded down $1.38 during mid-day trading on Monday, reaching $91.33. The stock had a trading volume of 4,874,278 shares, compared to its average volume of 5,514,967. Target has a 12 month low of $87.35 and a 12 month high of $173.05. The stock has a market capitalization of $41.61 billion, a PE ratio of 9.62, a P/E/G ratio of 1.94 and a beta of 1.28. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a 50-day simple moving average of $113.87 and a two-hundred day simple moving average of $132.29.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion during the quarter, compared to analysts' expectations of $30.83 billion. On average, equities analysts anticipate that Target will post 8.69 earnings per share for the current year.

Hedge Funds Weigh In On Target

Institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors boosted its stake in Target by 6.3% during the fourth quarter. Capital World Investors now owns 21,930,569 shares of the retailer's stock worth $2,964,565,000 after acquiring an additional 1,306,552 shares in the last quarter. FMR LLC raised its holdings in shares of Target by 13.6% during the fourth quarter. FMR LLC now owns 11,338,729 shares of the retailer's stock valued at $1,532,769,000 after purchasing an additional 1,358,348 shares during the period. Geode Capital Management LLC boosted its position in shares of Target by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer's stock worth $1,332,317,000 after purchasing an additional 470,990 shares in the last quarter. Norges Bank acquired a new stake in shares of Target in the 4th quarter valued at about $757,892,000. Finally, Northern Trust Corp increased its position in Target by 16.3% in the 4th quarter. Northern Trust Corp now owns 5,376,640 shares of the retailer's stock valued at $726,814,000 after buying an additional 754,883 shares in the last quarter. 79.73% of the stock is currently 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.