Target (NYSE:TGT) has been given a $65.00 price objective by stock analysts at Sanford C. Bernstein in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the retailer’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 3.72% from the company’s current price.
TGT has been the topic of a number of other research reports. MKM Partners set a $77.00 target price on Target and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus restated a “hold” rating and issued a $60.00 target price (up previously from $58.00) on shares of Target in a research note on Friday, August 18th. TheStreet upgraded Target from a “c+” rating to a “b” rating in a research note on Thursday, September 28th. Gordon Haskett upgraded Target from a “sell” rating to a “hold” rating and upped their target price for the stock from $47.00 to $58.00 in a research note on Wednesday, August 16th. Finally, ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company. Target currently has an average rating of “Hold” and a consensus price target of $62.42.
Shares of Target (NYSE:TGT) traded up $1.65 during mid-day trading on Thursday, hitting $62.67. The stock had a trading volume of 7,998,100 shares, compared to its average volume of 7,380,806. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $33,163.37, a price-to-earnings ratio of 12.71, a PEG ratio of 7.54 and a beta of 0.64. Target has a fifty-two week low of $48.56 and a fifty-two week high of $78.37.
Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 earnings per share. equities analysts expect that Target will post 4.54 earnings per share for the current year.
In other Target news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bedell Frazier Investment Counseling LLC purchased a new position in shares of Target in the third quarter valued at approximately $219,000. Heritage Trust Co increased its holdings in shares of Target by 129.7% in the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after purchasing an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC increased its holdings in shares of Target by 2,200.0% in the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after purchasing an additional 1,826 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Target 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 purchasing an additional 399 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its holdings in shares of Target by 109.8% in the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after purchasing an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.
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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.