Target Corp. (TGT) Stock Rating Reaffirmed by Brean Capital
Target Corp. (NYSE:TGT)‘s stock had its “buy” rating reiterated by stock analysts at Brean Capital in a report issued on Saturday. They presently have a $28.00 price target on the retailer’s stock. Brean Capital’s price objective would indicate a potential downside of 59.44% from the company’s previous close.
A number of other equities analysts also recently commented on the stock. Nomura set a $75.00 price objective on shares of Target Corp. and gave the stock a “hold” rating in a report on Friday. Jefferies Group set a $72.00 price objective on shares of Target Corp. and gave the stock a “hold” rating in a report on Tuesday. Vetr raised shares of Target Corp. from a “sell” rating to a “hold” rating and set a $68.37 price objective for the company in a report on Tuesday. Guggenheim initiated coverage on shares of Target Corp. in a report on Friday, September 30th. They issued a “neutral” rating for the company. Finally, Barclays PLC reiterated an “underweight” rating and issued a $60.00 target price on shares of Target Corp. in a research note on Friday, September 23rd. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the company. Target Corp. has a consensus rating of “Hold” and a consensus target price of $74.49.
Shares of Target Corp. (NYSE:TGT) opened at 69.04 on Friday. The firm has a market capitalization of $39.68 billion, a PE ratio of 12.78 and a beta of 0.68. The company has a 50-day moving average of $69.36 and a 200-day moving average of $73.44. Target Corp. has a 52 week low of $65.50 and a 52 week high of $84.14.
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Target Corp. (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The firm earned $16.20 billion during the quarter. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS. On average, equities analysts forecast that Target Corp. will post $4.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 16th will be paid a $0.60 dividend. The ex-dividend date is Monday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 3.48%. Target Corp.’s payout ratio is 44.44%.
A number of large investors have recently bought and sold shares of TGT. Edgar Lomax Co. VA raised its stake in Target Corp. by 501.1% in the first quarter. Edgar Lomax Co. VA now owns 715,210 shares of the retailer’s stock valued at $58,847,000 after buying an additional 596,230 shares during the period. Meritage Portfolio Management raised its stake in Target Corp. by 37.2% in the second quarter. Meritage Portfolio Management now owns 190,926 shares of the retailer’s stock valued at $13,330,000 after buying an additional 51,785 shares during the period. First Republic Investment Management Inc. raised its stake in Target Corp. by 6.9% in the first quarter. First Republic Investment Management Inc. now owns 642,667 shares of the retailer’s stock valued at $52,877,000 after buying an additional 41,235 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Target Corp. by 6.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,158,318 shares of the retailer’s stock valued at $80,872,000 after buying an additional 69,809 shares during the period. Finally, Strs Ohio raised its stake in Target Corp. by 4.8% in the second quarter. Strs Ohio now owns 522,392 shares of the retailer’s stock valued at $36,473,000 after buying an additional 24,086 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.
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