Target (NYSE:TGT) Stock Price Up 0.3% - Here's Why

Target Co. (NYSE:TGT - Get Free Report)'s share price was up 0.3% on Friday . The stock traded as high as $96.55 and last traded at $95.59. Approximately 1,107,818 shares traded hands during trading, a decline of 80% from the average daily volume of 5,674,534 shares. The stock had previously closed at $95.31.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TGT shares. Citigroup decreased their target price on Target from $120.00 to $95.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Evercore ISI dropped their price objective on shares of Target from $130.00 to $120.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Truist Financial cut their price objective on shares of Target from $124.00 to $82.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. StockNews.com downgraded shares of Target from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Roth Capital set a $122.00 price target on Target in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Target currently has an average rating of "Hold" and a consensus target price of $132.37.

Target Stock Performance

The firm has a fifty day moving average price of $105.58 and a 200 day moving average price of $127.55. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a market cap of $44.06 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

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

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.63%. Target's dividend payout ratio is currently 50.56%.

Institutional Trading of Target

Several institutional investors have recently added to or reduced their stakes in TGT. Kathmere Capital Management LLC raised its holdings in shares of 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 period. Horrell Capital Management Inc. increased its stake in Target by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock worth $3,603,000 after purchasing an additional 76 shares during the period. Fiducient Advisors LLC lifted its position in shares of Target by 4.6% during the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock worth $240,000 after purchasing an additional 78 shares in the last quarter. First PREMIER Bank boosted its stake in shares of Target by 21.9% in the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer's stock valued at $61,000 after purchasing an additional 80 shares during the period. Finally, Winch Advisory Services LLC grew its holdings in shares of Target by 34.5% in the fourth quarter. Winch Advisory Services LLC now owns 320 shares of the retailer's stock valued at $43,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds 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.