Target (NYSE:TGT) was downgraded by equities researchers at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday. They presently have a $70.45 price objective on the retailer’s stock. Vetr‘s target price points to a potential downside of 8.27% from the stock’s current price.

Several other research firms have also issued reports on TGT. Moffett Nathanson initiated coverage on shares of Target in a report on Monday, December 4th. They issued a “neutral” rating on the stock. BMO Capital Markets reissued a “market weight” rating on shares of Target in a report on Thursday, September 14th. Stifel Nicolaus reissued a “hold” rating and set a $75.00 price objective on shares of Target in a report on Thursday. Telsey Advisory Group boosted their price objective on shares of Target from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. Finally, Wells Fargo & Co began coverage on shares of Target in a report on Friday, November 3rd. They set a “market perform” rating and a $62.00 price objective on the stock. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $66.15.

Shares of Target (NYSE:TGT) traded up $2.80 during trading hours on Thursday, reaching $76.80. 14,842,440 shares of the company were exchanged, compared to its average volume of 7,550,000. The company has a market capitalization of $41,750.00, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 3.95 and a beta of 0.63. Target has a 52 week low of $48.56 and a 52 week high of $77.00. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The company had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Target’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts anticipate that Target will post 4.73 earnings per share for the current fiscal year.

In other Target news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.61, for a total value of $294,580.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Van Cleef Asset Management Inc raised its position in shares of Target by 3.1% during the 2nd quarter. Van Cleef Asset Management Inc now owns 31,074 shares of the retailer’s stock worth $1,625,000 after purchasing an additional 945 shares during the last quarter. One Capital Management LLC grew its stake in Target by 13.9% during the 2nd quarter. One Capital Management LLC now owns 33,583 shares of the retailer’s stock valued at $1,756,000 after acquiring an additional 4,107 shares in the last quarter. GAM Holding AG grew its stake in Target by 48.8% during the 2nd quarter. GAM Holding AG now owns 35,898 shares of the retailer’s stock valued at $1,877,000 after acquiring an additional 11,773 shares in the last quarter. Welch Group LLC grew its stake in Target by 52.0% during the 2nd quarter. Welch Group LLC now owns 3,819 shares of the retailer’s stock valued at $200,000 after acquiring an additional 1,307 shares in the last quarter. Finally, First National Trust Co. grew its stake in Target by 5.4% during the 2nd quarter. First National Trust Co. now owns 49,260 shares of the retailer’s stock valued at $2,576,000 after acquiring an additional 2,537 shares in the last quarter. Institutional investors and hedge funds 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Target (NYSE:TGT)

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