Target Co. (NYSE:TGT - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday after Stifel Nicolaus lowered their price target on the stock from $130.00 to $120.00. Stifel Nicolaus currently has a hold rating on the stock. Target traded as low as $101.76 and last traded at $103.29, with a volume of 1332691 shares traded. The stock had previously closed at $104.20.
Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. reduced their target price on Target from $146.00 to $140.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Citigroup cut their price objective on Target from $133.00 to $120.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Wells Fargo & Company lowered their target price on Target from $150.00 to $135.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. TD Cowen dropped their target price on shares of Target from $165.00 to $145.00 and set a "hold" rating on the stock in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Target from a "buy" rating to a "hold" rating and reduced their price target for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $145.55.
Get Our Latest Research Report on TGT
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Cynosure Group LLC increased its holdings in shares of Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer's stock valued at $248,000 after purchasing an additional 65 shares during the last quarter. Hancock Whitney Corp boosted its holdings in shares of Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer's stock worth $336,000 after buying an additional 68 shares during the period. Kathmere Capital Management LLC grew its stake in Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer's stock valued at $343,000 after buying an additional 73 shares during the last quarter. Cahill Financial Advisors Inc. raised its holdings in Target by 1.0% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer's stock valued at $1,197,000 after acquiring an additional 76 shares during the period. Finally, Summit Financial Wealth Advisors LLC lifted its position in Target by 2.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer's stock worth $483,000 after acquiring an additional 76 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.
Target Trading Up 2.5 %
The company has a market cap of $48.61 billion, a P/E ratio of 11.32, a PEG ratio of 1.94 and a beta of 1.18. 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 business has a fifty day moving average price of $125.89 and a 200-day moving average price of $137.93.
Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating 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 firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. On average, analysts forecast that Target Co. will post 8.69 earnings per share for the current year.
Target Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio is currently 50.56%.
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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