Target Corp.’s (TGT) “Buy” Rating Reiterated at Brean Capital
Target Corp. (NYSE:TGT)‘s stock had its “buy” rating reaffirmed by Brean Capital in a research report issued on Saturday. They presently have a $28.00 price target on the retailer’s stock. Brean Capital’s target price points to a potential downside of 59.44% from the company’s current price.
Several other research analysts have also commented on the company. Vetr upgraded Target Corp. from a “hold” rating to a “buy” rating and set a $75.70 target price for the company in a research report on Monday, July 4th. Miller Tabak initiated coverage on Target Corp. in a research report on Friday, July 29th. They issued a “buy” rating and a $87.00 target price for the company. Citigroup Inc. reiterated a “buy” rating and issued a $80.00 target price on shares of Target Corp. in a research report on Thursday, August 18th. Zacks Investment Research upgraded Target Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, Argus reiterated a “hold” rating on shares of Target Corp. in a research report on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $74.49.
Target Corp. (NYSE:TGT) opened at 69.04 on Friday. The stock has a market cap of $39.68 billion, a PE ratio of 12.78 and a beta of 0.68. Target Corp. has a 52-week low of $65.50 and a 52-week high of $84.14. The firm has a 50-day moving average price of $69.36 and a 200 day moving average price of $73.44.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/target-corp-s-tgt-buy-rating-reiterated-at-brean-capital.html
Target Corp. (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.11. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. The company had revenue of $16.20 billion for the quarter. During the same quarter in the prior year, the firm earned $1.22 earnings per share. Target Corp.’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities analysts anticipate that Target Corp. will post $4.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 3.48%. Target Corp.’s dividend payout ratio (DPR) is currently 44.44%.
A number of hedge funds and other institutional investors have recently modified their holdings of TGT. Ropes Wealth Advisors LLC increased its position in shares of Target Corp. by 9.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer’s stock worth $107,000 after buying an additional 127 shares during the period. Arcadia Investment Management Corp MI increased its position in shares of Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock worth $119,000 after buying an additional 500 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Target Corp. by 1.9% in the second quarter. Loomis Sayles & Co. L P now owns 2,201 shares of the retailer’s stock worth $154,000 after buying an additional 42 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of Target Corp. during the first quarter worth approximately $165,000. Finally, Duncker Streett & Co. Inc. increased its position in shares of Target Corp. by 4.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,370 shares of the retailer’s stock worth $165,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 86.19% of the company’s stock.
About Target Corp.
Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.
Receive News & Ratings for Target Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corp. and related companies with MarketBeat.com's FREE daily email newsletter.