Target Co. (NYSE:TGT - Get Free Report)'s share price shot up 2.6% on Monday . The stock traded as high as $95.41 and last traded at $95.19. 2,072,359 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 5,544,158 shares. The stock had previously closed at $92.78.
Analysts Set New Price Targets
TGT has been the topic of several recent analyst reports. Citigroup decreased their target price on Target from $120.00 to $95.00 and set a "neutral" rating on the stock in a research note on Thursday. DA Davidson decreased their price objective on shares of Target from $153.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Piper Sandler reduced their price target on shares of Target from $132.00 to $124.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group lowered their price objective on shares of Target from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus decreased their price target on shares of Target from $130.00 to $120.00 and set a "hold" rating for the company in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $132.37.
Get Our Latest Report on Target
Target Stock Up 2.9 %
The business's 50-day moving average is $109.77 and its 200-day moving average is $130.28. The company has a market capitalization of $42.43 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 1.94 and a beta of 1.28. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.
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 the consensus estimate 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. As a group, equities analysts predict that Target Co. will post 8.69 earnings per share for the current year.
Target Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.81%. Target's dividend payout ratio (DPR) is currently 50.56%.
Hedge Funds Weigh In On Target
Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Target in the fourth quarter valued at approximately $757,892,000. Raymond James Financial Inc. purchased a new stake in Target in the 4th quarter worth $297,122,000. Ameriprise Financial Inc. raised its position in Target by 61.2% during the fourth quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer's stock worth $536,407,000 after acquiring an additional 1,506,275 shares during the period. FMR LLC lifted its holdings in Target by 13.6% during the fourth quarter. FMR LLC now owns 11,338,729 shares of the retailer's stock valued at $1,532,769,000 after purchasing an additional 1,358,348 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new stake in Target in the 4th quarter worth about $182,882,000. Hedge funds and other institutional investors own 79.73% of the company's stock.
Target Company Profile
(
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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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