Target (NYSE:TGT)‘s stock had its “hold” rating reaffirmed by Robert W. Baird in a research note issued to investors on Wednesday. They currently have a $70.00 price objective on the retailer’s stock. Robert W. Baird’s target price would indicate a potential upside of 3.50% from the company’s current price.

TGT has been the subject of a number of other research reports. TheStreet upgraded Target from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded Target from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Tuesday, October 10th. Morgan Stanley cut their price target on Target from $52.00 to $50.00 and set an “underweight” rating for the company in a research note on Thursday, November 16th. MKM Partners set a $77.00 price target on Target and gave the company a “buy” rating in a research note on Thursday, December 14th. Finally, BMO Capital Markets restated a “market weight” rating on shares of Target in a research note on Thursday, September 14th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.72.

Target (NYSE TGT) traded up $2.38 during mid-day trading on Wednesday, reaching $67.63. The company’s stock had a trading volume of 8,509,000 shares, compared to its average volume of 6,782,650. Target has a 52-week low of $48.56 and a 52-week high of $74.24. The company has a market capitalization of $36,920.00, a price-to-earnings ratio of 14.21, a PEG ratio of 8.07 and a beta of 0.63. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01.

Target (NYSE:TGT) last released its quarterly earnings results 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 had a return on equity of 24.09% and a net margin of 3.80%. The firm had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter last year, the business posted $1.04 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. sell-side analysts expect that Target will post 4.54 earnings per share for the current year.

In other news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction on Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Cribstone Capital Management LLC lifted its position in Target by 114.2% during the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after purchasing an additional 1,016 shares during the period. Penserra Capital Management LLC grew its holdings in shares of Target by 100.0% during the third quarter. Penserra Capital Management LLC now owns 1,512 shares of the retailer’s stock worth $103,000 after buying an additional 756 shares in the last quarter. Kanaly Trust Co boosted its position in shares of Target by 11.2% during the 3rd quarter. Kanaly Trust Co now owns 1,534 shares of the retailer’s stock valued at $105,000 after acquiring an additional 154 shares during the last quarter. Heritage Trust Co boosted its position in shares of Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Ropes Wealth Advisors LLC boosted its position in shares of Target by 9.1% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer’s stock valued at $107,000 after acquiring an additional 127 shares during the last quarter. 87.41% of the stock is owned by institutional investors and hedge funds.

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Target 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 (NYSE:TGT)

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