Target Co. (NYSE:TGT) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other analysts have also recently weighed in on TGT. Sanford C. Bernstein started coverage on shares of Target in a research note on Monday, February 6th. They issued an “outperform” rating and a $77.00 price objective on the stock. Vetr cut shares of Target from a “strong-buy” rating to a “buy” rating and set a $72.80 price objective on the stock. in a research note on Thursday, February 9th. Susquehanna Bancshares Inc started coverage on shares of Target in a research note on Friday, February 10th. They issued a “neutral” rating and a $70.00 price objective on the stock. Zacks Investment Research raised shares of Target from a “sell” rating to a “hold” rating in a research note on Monday, February 20th. Finally, Cowen and Company reissued a “market perform” rating and issued a $75.00 price objective on shares of Target in a research note on Tuesday, February 28th. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $65.49.

Analyst Recommendations for Target (NYSE:TGT)

Shares of Target (NYSE TGT) traded down 0.25% on Friday, reaching $55.52. The company’s stock had a trading volume of 4,485,157 shares. Target has a 52-week low of $52.72 and a 52-week high of $79.33. The firm has a 50 day moving average of $55.55 and a 200 day moving average of $63.29. The company has a market cap of $30.63 billion, a PE ratio of 11.38 and a beta of 0.63.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.30. The company had revenue of $16.02 billion during the quarter, compared to the consensus estimate of $15.63 billion. Target had a net margin of 4.75% and a return on equity of 25.18%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 earnings per share. Analysts predict that Target will post $4.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Wednesday, May 17th will be issued a $0.60 dividend. The ex-dividend date is Monday, May 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.32%. Target’s dividend payout ratio is presently 42.93%.

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In other Target news, Director Donald R. Knauss bought 10,000 shares of the stock in a transaction that occurred on Thursday, March 9th. The shares were bought at an average price of $54.86 per share, for a total transaction of $548,600.00. Following the acquisition, the director now directly owns 16,431 shares of the company’s stock, valued at approximately $901,404.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Don H. Liu bought 2,000 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was acquired at an average price of $57.00 per share, for a total transaction of $114,000.00. Following the acquisition, the insider now directly owns 56,983 shares in the company, valued at $3,248,031. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

Several large investors have recently bought and sold shares of TGT. Cribstone Capital Management LLC raised its stake in Target by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock worth $101,000 after buying an additional 1,016 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in Target by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock worth $110,000 after buying an additional 874 shares in the last quarter. Pinnacle Bank acquired a new stake in Target during the first quarter worth $123,000. Peoples Financial Services CORP. raised its stake in Target by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock worth $125,000 after buying an additional 1,225 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in Target by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock worth $129,000 after buying an additional 204 shares in the last quarter. Institutional investors own 88.53% of the company’s stock.

Target Company Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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