Target (NYSE:TGT) has been given a $77.00 price target by investment analysts at MKM Partners in a research report issued on Thursday. The brokerage currently has a “buy” rating on the retailer’s stock. MKM Partners’ target price points to a potential upside of 22.87% from the company’s previous close.
A number of other analysts have also recently issued reports on TGT. TheStreet upgraded shares of Target from a “c+” rating to a “b” rating in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Tuesday, October 10th. Morgan Stanley reduced their target price on shares of Target from $52.00 to $50.00 and set an “underweight” rating for the company in a research note on Thursday, November 16th. Wells Fargo & Company assumed coverage on shares of Target in a research note on Friday, November 3rd. They issued a “market perform” rating and a $62.00 target price for the company. Finally, BMO Capital Markets reiterated a “market weight” rating on shares of Target in a research note on Thursday, September 14th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $62.42.
Target (TGT) traded up $1.65 during trading on Thursday, hitting $62.67. 7,998,100 shares of the stock traded hands, compared to its average volume of 7,380,806. The stock has a market capitalization of $33,163.37, a P/E ratio of 12.71, a P/E/G ratio of 7.54 and a beta of 0.64. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. Target has a 1-year low of $48.56 and a 1-year high of $78.37.
Target (NYSE:TGT) last released its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. research analysts predict that Target will post 4.54 earnings per share for the current fiscal year.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fiera Capital Corp lifted its position in Target by 0.4% during the 2nd quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock valued at $256,000 after purchasing an additional 19 shares during the period. Gamble Jones Investment Counsel lifted its position in Target by 0.4% during the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock valued at $553,000 after purchasing an additional 44 shares during the period. Carlson Capital Management lifted its position in Target by 0.9% during the 2nd quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock valued at $421,000 after purchasing an additional 69 shares during the period. WealthTrust Fairport LLC lifted its position in Target by 1.6% during the 2nd quarter. WealthTrust Fairport LLC now owns 6,051 shares of the retailer’s stock valued at $316,000 after purchasing an additional 93 shares during the period. Finally, Private Trust Co. NA lifted its position in Target by 1.6% during the 2nd quarter. Private Trust Co. NA now owns 6,167 shares of the retailer’s stock valued at $322,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.
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.