Target Corporation (TGT) PT Lowered to $58.00
Target Corporation (NYSE:TGT) had its price target cut by equities researchers at Telsey Advisory Group from $60.00 to $58.00 in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 5.26% from the company’s previous close.
A number of other equities analysts also recently weighed in on TGT. Vetr downgraded Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 price target for the company. in a research report on Thursday, July 20th. Zacks Investment Research downgraded Target Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. BMO Capital Markets reaffirmed a “market weight” rating on shares of Target Corporation in a research report on Thursday, September 14th. MKM Partners started coverage on Target Corporation in a research report on Wednesday, October 18th. They set a “buy” rating and a $85.00 price target for the company. Finally, BidaskClub raised Target Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.40.
Shares of Target Corporation (NYSE:TGT) traded up $0.94 on Thursday, hitting $55.10. The company had a trading volume of 12,742,186 shares, compared to its average volume of 7,319,969. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.26. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33. The firm has a market cap of $30,100.00, a price-to-earnings ratio of 12.19, a PEG ratio of 5.38 and a beta of 0.63.
Target Corporation (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.05. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The business had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. During the same period in the previous year, the firm earned $1.04 EPS. Target Corporation’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts anticipate that Target Corporation will post 4.53 EPS for the current fiscal year.
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In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heritage Trust Co grew its holdings in shares of Target Corporation by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after purchasing an additional 1,000 shares in the last quarter. SevenBridge Financial Group LLC grew its holdings in shares of Target Corporation by 2,200.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after purchasing an additional 1,826 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Target Corporation by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after purchasing an additional 399 shares in the last quarter. Davidson Investment Advisors grew its holdings in shares of Target Corporation by 18.5% during the 1st quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after purchasing an additional 400 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in shares of Target Corporation by 109.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after purchasing an additional 1,310 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.
About Target Corporation
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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