The Goldman Sachs Group downgraded shares of Target (NYSE:TGT - Free Report) from a buy rating to a neutral rating in a research note released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has $101.00 price objective on the retailer's stock, down from their prior price objective of $142.00.
Other equities analysts have also recently issued reports about the company. Baird R W cut Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Robert W. Baird cut shares of Target from an "outperform" rating to a "neutral" rating and set a $110.00 price target on the stock. in a research report on Monday, April 7th. Oppenheimer cut their price target on shares of Target from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Telsey Advisory Group lowered their price objective on shares of Target from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Finally, Citigroup cut their target price on shares of Target from $133.00 to $120.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $132.37.
Check Out Our Latest Stock Report on TGT
Target Stock Performance
TGT stock traded up $2.67 during trading on Wednesday, hitting $93.13. 5,347,533 shares of the company's stock traded hands, compared to its average volume of 5,608,183. The stock has a fifty day moving average price of $109.77 and a two-hundred day moving average price of $130.28. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target has a 52 week low of $87.35 and a 52 week high of $169.09. The stock has a market capitalization of $42.43 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.
Target (NYSE:TGT - Get Free Report) last issued its earnings results 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. The firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, equities analysts anticipate that Target will post 8.69 EPS for the current fiscal year.
Target Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.81%. Target's dividend payout ratio is presently 50.56%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC increased its position in Target by 8.5% during the first quarter. Cornerstone Wealth Management LLC now owns 7,826 shares of the retailer's stock worth $817,000 after acquiring an additional 611 shares during the period. Clarius Group LLC grew its position in Target by 22.1% in the 1st quarter. Clarius Group LLC now owns 4,111 shares of the retailer's stock worth $429,000 after purchasing an additional 743 shares during the last quarter. Prosperity Wealth Management Inc. bought a new position in shares of Target during the 1st quarter worth about $243,000. Robertson Stephens Wealth Management LLC raised its position in shares of Target by 7.0% during the first quarter. Robertson Stephens Wealth Management LLC now owns 5,593 shares of the retailer's stock valued at $584,000 after buying an additional 365 shares during the last quarter. Finally, Inscription Capital LLC bought a new stake in shares of Target in the first quarter valued at about $1,661,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.
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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