Target Corporation (TGT) Stock Rating Reaffirmed by Stifel Nicolaus
Target Corporation (NYSE:TGT)‘s stock had its “hold” rating reiterated by equities researchers at Stifel Nicolaus in a research note issued to investors on Friday. They presently have a $60.00 price objective on the retailer’s stock, up from their prior price objective of $58.00. Stifel Nicolaus’ price objective would indicate a potential upside of 7.82% from the company’s current price.
A number of other analysts also recently issued reports on TGT. Gordon Haskett initiated coverage on Target Corporation in a research note on Tuesday, May 9th. They issued a “sell” rating and a $47.00 target price for the company. Vetr downgraded Target Corporation from a “buy” rating to a “hold” rating and set a $59.51 target price for the company. in a research note on Tuesday, May 9th. Zacks Investment Research raised Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Telsey Advisory Group raised their target price on Target Corporation from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Thursday, May 18th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $59.00 target price (up from $55.00) on shares of Target Corporation in a research note on Friday, May 19th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. Target Corporation presently has a consensus rating of “Hold” and a consensus price target of $61.64.
Target Corporation (TGT) traded down 0.84% on Friday, hitting $55.65. 4,738,485 shares of the company were exchanged. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The stock’s 50-day moving average price is $54.68 and its 200-day moving average price is $56.16. The stock has a market capitalization of $30.40 billion, a P/E ratio of 11.24 and a beta of 0.61.
Target Corporation (NYSE:TGT) last issued its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The business had revenue of $16.43 billion during the quarter, compared to the consensus estimate of $16.30 billion. During the same period last year, the company earned $1.23 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Target Corporation will post $4.47 earnings per share for the current fiscal year.
In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.25% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Cribstone Capital Management LLC raised its stake in Target Corporation 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 Corporation 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. Parallel Advisors LLC raised its stake in Target Corporation by 23.8% in the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after buying an additional 399 shares in the last quarter. Pinnacle Bank bought a new stake in Target Corporation during the first quarter worth about $123,000. Finally, Peoples Financial Services CORP. raised its stake in Target Corporation 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. 82.59% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Target Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corporation and related companies with MarketBeat.com's FREE daily email newsletter.