Target (NYSE:TGT) Reaches New 52-Week Low - Should You Sell?

Target Co. (NYSE:TGT - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $120.15 and last traded at $120.78, with a volume of 8158492 shares traded. The stock had previously closed at $124.24.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TGT shares. TD Cowen lowered their target price on shares of Target from $165.00 to $145.00 and set a "hold" rating on the stock in a research note on Thursday, November 21st. Daiwa America cut shares of Target from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 26th. Stifel Nicolaus decreased their target price on shares of Target from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Wednesday. Guggenheim raised their price target on Target from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Finally, DA Davidson lowered their target price on Target from $153.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Target presently has a consensus rating of "Hold" and a consensus price target of $150.23.

Target Stock Performance

The company has a market capitalization of $53.45 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The business's fifty day simple moving average is $133.23 and its 200-day simple moving average is $142.09.

Target (NYSE:TGT - Get Free Report) last posted its 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. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate 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 Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 12th. Target's dividend payout ratio (DPR) is presently 47.51%.

Hedge Funds Weigh In On Target

Several institutional investors have recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the 3rd quarter valued at about $28,000. Bernard Wealth Management Corp. purchased a new stake in Target during the fourth quarter valued at approximately $30,000. Hopwood Financial Services Inc. bought a new stake in shares of Target in the 4th quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new position in shares of Target in the 3rd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Target during the 3rd quarter valued at approximately $38,000. 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.