Target Co. (TGT) Given Consensus Recommendation of “Hold” by Brokerages

Target Co. (NYSE:TGT) has received an average recommendation of “Hold” from the twenty-six ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $68.81.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price target for the company in a research report on Saturday, January 20th. MKM Partners set a $93.00 price target on shares of Target and gave the stock a “buy” rating in a research report on Friday, January 12th. Vetr downgraded shares of Target from a “hold” rating to a “sell” rating and set a $70.45 price target for the company. in a research report on Thursday, January 11th. Cowen set a $80.00 price target on shares of Target and gave the stock a “hold” rating in a research report on Thursday, February 8th. Finally, Deutsche Bank raised shares of Target from a “neutral” rating to a “positive” rating and upped their price objective for the company from $57.00 to $70.00 in a research note on Wednesday, January 10th.

In other news, insider Stephanie A. Lundquist sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the sale, the insider now owns 16,906 shares of the company’s stock, valued at approximately $1,320,020.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Roxanne S. Austin sold 4,705 shares of the 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,262 shares of company stock valued at $1,185,484. 0.20% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of TGT. Janus Henderson Group PLC grew its stake in shares of Target by 213.8% in the 2nd quarter. Janus Henderson Group PLC now owns 226,307 shares of the retailer’s stock valued at $11,833,000 after buying an additional 154,186 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Target in the 2nd quarter worth approximately $1,150,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Target by 19.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 188,764 shares of the retailer’s stock worth $9,871,000 after acquiring an additional 30,353 shares during the last quarter. Rowland & Co. Investment Counsel ADV lifted its holdings in shares of Target by 4.7% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer’s stock worth $155,000 after acquiring an additional 132 shares during the last quarter. Finally, Highlander Capital Management LLC lifted its holdings in shares of Target by 42.5% in the 2nd quarter. Highlander Capital Management LLC now owns 18,450 shares of the retailer’s stock worth $971,000 after acquiring an additional 5,500 shares during the last quarter. 87.85% of the stock is owned by institutional investors and hedge funds.

Target (NYSE TGT) traded up $2.00 on Tuesday, hitting $73.88. 4,401,870 shares of the company traded hands, compared to its average volume of 7,670,000. Target has a 52-week low of $48.56 and a 52-week high of $78.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The firm has a market cap of $40,160.00, a P/E ratio of 15.52, a PEG ratio of 3.42 and a beta of 0.75.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, topping 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 the consensus estimate of $16.61 billion. During the same quarter in the prior year, the firm earned $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 4.72 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.62 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 annualized dividend and a yield of 3.36%. Target’s dividend payout ratio is presently 52.10%.

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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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