Target (NYSE:TGT) Given New $120.00 Price Target at Stifel Nicolaus

Target (NYSE:TGT - Get Free Report) had its target price lowered by analysts at Stifel Nicolaus from $130.00 to $120.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "hold" rating on the retailer's stock. Stifel Nicolaus' price objective would indicate a potential upside of 10.67% from the company's previous close.

A number of other brokerages have also commented on TGT. Daiwa America lowered shares of Target from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Wells Fargo & Company reduced their price objective on shares of Target from $150.00 to $135.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft lowered shares of Target from a "buy" rating to a "hold" rating and lowered their target price for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Oppenheimer cut their price target on Target from $165.00 to $150.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, Evercore ISI decreased their price objective on Target from $135.00 to $130.00 and set an "in-line" rating for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $145.55.

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Target Stock Up 4.2 %

Shares of TGT stock traded up $4.37 on Thursday, reaching $108.43. 8,519,761 shares of the company were exchanged, compared to its average volume of 4,959,512. 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 company has a 50-day moving average of $125.28 and a 200-day moving average of $137.62. The company has a market cap of $49.40 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.94 and a beta of 1.18. Target has a one year low of $101.76 and a one year high of $181.86.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share 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 business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Analysts anticipate that Target will post 8.69 earnings per share for the current year.

Institutional Investors Weigh In On Target

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGT. Thrivent Financial for Lutherans increased its stake in shares of Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer's stock worth $4,368,000 after purchasing an additional 490 shares in the last quarter. Nicholas Company Inc. increased its stake in Target by 20.5% during the 4th 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 in the last quarter. River Road Asset Management LLC raised its holdings in shares of Target by 144.9% during the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock valued at $31,699,000 after acquiring an additional 138,751 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock valued at $2,430,000 after acquiring an additional 3,590 shares during the last quarter. Finally, Northeast Financial Group Inc. purchased a new position in shares of Target in the fourth quarter valued at approximately $1,566,000. Hedge funds and other institutional investors own 79.73% of the company's stock.

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.