Target (TGT) Given a $93.00 Price Target by MKM Partners Analysts

Target (NYSE:TGT) received a $93.00 price objective from stock analysts at MKM Partners in a note issued to investors on Friday, Marketbeat reports. The brokerage currently has a “buy” rating on the retailer’s stock. MKM Partners’ price objective indicates a potential upside of 21.09% from the stock’s current price.

A number of other research firms have also weighed in on TGT. Moffett Nathanson started coverage on Target in a research note on Monday, December 4th. They set a “neutral” rating for the company. BMO Capital Markets reiterated a “market weight” rating on shares of Target in a research note on Thursday, September 14th. Stifel Nicolaus reiterated a “hold” rating and set a $75.00 price objective on shares of Target in a research note on Thursday. Telsey Advisory Group lifted their price objective on Target from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Finally, Vetr lowered Target from a “hold” rating to a “sell” rating and set a $70.45 price objective for the company. in a research note on Thursday. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $66.15.

Shares of Target (NYSE:TGT) traded up $2.80 during mid-day trading on Friday, reaching $76.80. The company had a trading volume of 14,842,440 shares, compared to its average volume of 7,690,000. The stock has a market cap of $41,750.00, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 3.81 and a beta of 0.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. Target has a one year low of $48.56 and a one year high of $77.00.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.05. The company had revenue of $16.67 billion during 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 firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. equities analysts predict that Target will post 4.73 earnings per share for the current year.

In related news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of TGT. Victory Capital Management Inc. boosted its holdings in Target by 13.8% in the 2nd quarter. Victory Capital Management Inc. now owns 116,981 shares of the retailer’s stock worth $6,117,000 after buying an additional 14,195 shares during the last quarter. Thompson Investment Management Inc. boosted its holdings in Target by 10.6% in the 2nd quarter. Thompson Investment Management Inc. now owns 114,843 shares of the retailer’s stock worth $6,005,000 after buying an additional 10,980 shares during the last quarter. Sitrin Capital Management LLC boosted its holdings in Target by 1.9% in the 2nd quarter. Sitrin Capital Management LLC now owns 66,932 shares of the retailer’s stock worth $3,500,000 after buying an additional 1,265 shares during the last quarter. Blue Chip Partners Inc. boosted its holdings in Target by 18.1% in the 2nd quarter. Blue Chip Partners Inc. now owns 73,810 shares of the retailer’s stock worth $3,860,000 after buying an additional 11,294 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Target by 1.8% in the 2nd quarter. American Century Companies Inc. now owns 3,608,884 shares of the retailer’s stock worth $188,709,000 after buying an additional 64,653 shares during the last quarter. Institutional investors own 87.42% of the company’s stock.

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About Target

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)