Target Corporation (NYSE:TGT)‘s stock had its “market weight” rating reaffirmed by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday.

Other equities analysts have also recently issued research reports about the stock. Vetr cut shares of Target Corporation from a “strong-buy” rating to a “buy” rating and set a $58.97 price target for the company. in a research note on Friday, July 14th. Zacks Investment Research raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Tuesday, June 6th. BidaskClub raised shares of Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. MKM Partners boosted their price target on shares of Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $59.00 price target on shares of Target Corporation in a research note on Tuesday, June 20th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Target Corporation currently has an average rating of “Hold” and an average target price of $61.64.

Shares of Target Corporation (NYSE:TGT) traded down 0.08% during mid-day trading on Thursday, reaching $59.46. 5,057,465 shares of the company’s stock were exchanged. The firm has a market cap of $32.48 billion, a P/E ratio of 12.01 and a beta of 0.60. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The company has a 50 day moving average price of $56.29 and a 200 day moving average price of $55.01.

Target Corporation (NYSE:TGT) last posted its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. The business had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. Target Corporation’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 EPS. Analysts forecast that Target Corporation will post $4.51 earnings per share for the current fiscal year.

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In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the stock in a transaction on Wednesday, July 5th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp boosted its position in Target Corporation by 1.5% during the 2nd quarter. State Street Corp now owns 51,944,505 shares of the retailer’s stock valued at $2,716,176,000 after buying an additional 775,265 shares during the period. BlackRock Inc. boosted its position in Target Corporation by 2,069.0% during the 1st quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock valued at $2,596,495,000 after buying an additional 44,877,391 shares during the period. Vanguard Group Inc. boosted its position in Target Corporation by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 37,154,396 shares of the retailer’s stock valued at $1,942,803,000 after buying an additional 130,252 shares during the period. Franklin Resources Inc. boosted its position in Target Corporation by 8.7% during the 2nd quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock valued at $1,103,994,000 after buying an additional 1,686,774 shares during the period. Finally, Dodge & Cox boosted its position in Target Corporation by 83.3% during the 2nd quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock valued at $1,047,119,000 after buying an additional 9,102,526 shares during the period. 83.33% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Target Corporation (NYSE:TGT)

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