Target Co. (TGT) Given Average Rating of “Hold” by Brokerages

Shares of Target Co. (NYSE:TGT) have been assigned an average rating of “Hold” from the twenty-eight analysts that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $67.18.

Several research firms have recently weighed in on TGT. Sanford C. Bernstein set a $65.00 price objective on shares of Target and gave the company a “buy” rating in a report on Thursday, December 14th. Barclays set a $45.00 price objective on shares of Target and gave the company a “sell” rating in a report on Wednesday, November 15th. MKM Partners set a $77.00 price objective on shares of Target and gave the company a “buy” rating in a report on Thursday, December 14th. Stifel Nicolaus decreased their price objective on shares of Target from $65.00 to $62.00 and set a “hold” rating for the company in a report on Thursday, November 16th. Finally, Vetr raised shares of Target from a “buy” rating to a “strong-buy” rating and set a $63.69 price objective for the company in a report on Monday, November 27th.

Shares of Target (NYSE:TGT) traded up $0.20 during trading on Friday, reaching $78.10. 7,808,136 shares of the company’s stock traded hands, compared to its average volume of 7,230,000. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. The stock has a market capitalization of $42,450.00, a PE ratio of 16.41, a PEG ratio of 4.05 and a beta of 0.63. Target has a twelve month low of $48.56 and a twelve month high of $78.17.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the previous year, the company earned $1.04 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. research analysts forecast that Target will post 4.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 annualized dividend and a yield of 3.18%. Target’s dividend payout ratio (DPR) is 52.10%.

In related news, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its position in shares of Target by 1.5% in the second quarter. State Street Corp now owns 51,944,505 shares of the retailer’s stock worth $2,716,176,000 after purchasing an additional 775,265 shares during the period. Vanguard Group Inc. boosted its position in shares of Target by 0.4% in the second quarter. Vanguard Group Inc. now owns 37,154,396 shares of the retailer’s stock worth $1,942,803,000 after purchasing an additional 130,252 shares during the period. Franklin Resources Inc. boosted its position in shares of Target by 8.7% in the second quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock worth $1,103,994,000 after purchasing an additional 1,686,774 shares during the period. Dodge & Cox boosted its position in shares of Target by 83.3% in the second quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock worth $1,047,119,000 after purchasing an additional 9,102,526 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Target by 7.5% in the third quarter. Bank of New York Mellon Corp now owns 9,738,657 shares of the retailer’s stock worth $574,680,000 after purchasing an additional 682,253 shares during the period. Institutional investors and hedge funds own 87.43% 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)

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