Target (NYSE:TGT) Hits New 12-Month Low - Should You Sell?

Target Co. (NYSE:TGT - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $111.84 and last traded at $113.34, with a volume of 5435060 shares traded. The stock had previously closed at $115.08.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TGT shares. Citigroup decreased their price target on shares of Target from $133.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Daiwa Capital Markets cut shares of Target from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Truist Financial reduced their price objective on shares of Target from $134.00 to $124.00 and set a "hold" rating for the company in a research note on Wednesday, March 5th. Roth Capital set a $122.00 price objective on shares of Target in a research note on Wednesday, March 5th. Finally, BMO Capital Markets reduced their price objective on shares of Target from $160.00 to $120.00 and set a "market perform" rating for the company in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $145.87.

Target Stock Down 0.0 %

The business's fifty day moving average is $129.97 and its two-hundred day moving average is $140.26. The company has a market cap of $47.87 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

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Target (NYSE:TGT - Get Free Report) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Equities analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio (DPR) is 50.56%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TGT. Impax Asset Management Group plc grew its position in shares of Target by 8.6% in the 3rd quarter. Impax Asset Management Group plc now owns 241,447 shares of the retailer's stock worth $37,632,000 after buying an additional 19,095 shares during the last quarter. Harbour Investments Inc. grew its position in Target by 2.9% during the 3rd quarter. Harbour Investments Inc. now owns 7,345 shares of the retailer's stock worth $1,145,000 after purchasing an additional 205 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Target during the 3rd quarter worth approximately $507,000. Savvy Advisors Inc. purchased a new stake in Target during the 3rd quarter worth approximately $269,000. Finally, Aptus Capital Advisors LLC grew its position in Target by 5.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 7,738 shares of the retailer's stock worth $1,206,000 after purchasing an additional 427 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

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.