Target Corporation (TGT) Upgraded by Gordon Haskett to Hold
Target Corporation (NYSE:TGT) was upgraded by Gordon Haskett from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
TGT has been the subject of a number of other research reports. BidaskClub downgraded Target Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. ValuEngine downgraded Target Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Vetr raised Target Corporation from a “hold” rating to a “buy” rating and set a $61.86 price target for the company in a report on Wednesday, May 10th. Jefferies Group LLC reissued a “hold” rating and issued a $59.00 price target on shares of Target Corporation in a report on Tuesday, June 20th. Finally, Zacks Investment Research raised Target Corporation from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Tuesday, June 6th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Target Corporation currently has an average rating of “Hold” and an average target price of $61.99.
Target Corporation (NYSE TGT) traded up 1.71% on Wednesday, reaching $55.28. The company’s stock had a trading volume of 8,737,905 shares. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. The firm’s 50 day moving average price is $54.34 and its 200-day moving average price is $56.22. The company has a market capitalization of $30.50 billion, a price-to-earnings ratio of 11.33 and a beta of 0.61.
Target Corporation (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. The firm had revenue of $16.43 billion during the quarter, compared to the consensus estimate of $16.30 billion. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. Target Corporation’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.23 earnings per share. On average, equities analysts predict that Target Corporation will post $4.39 EPS for the current year.
In other news, insider Robert M. Harrison sold 2,639 shares of Target Corporation stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of TGT. Tompkins Financial Corp boosted its position in shares of Target Corporation by 84.0% in the first quarter. Tompkins Financial Corp now owns 1,711 shares of the retailer’s stock valued at $141,000 after buying an additional 781 shares during the period. Cribstone Capital Management LLC boosted its position in shares of Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares during the period. Reilly Financial Advisors LLC boosted its position in shares of Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares during the period. Parallel Advisors LLC boosted its position in shares of Target Corporation by 23.8% in the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after buying an additional 399 shares during the period. Finally, Pinnacle Bank purchased a new position in shares of Target Corporation during the first quarter valued at about $123,000. Institutional investors own 82.59% of the company’s stock.
Target Corporation 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.
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