Shares of Target Co. (NYSE:TGT) have been given an average recommendation of “Buy” by the twenty-four ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $103.75.
A number of research analysts recently weighed in on TGT shares. Robert W. Baird set a $115.00 target price on shares of Target and gave the company a “buy” rating in a research note on Wednesday, August 21st. KeyCorp lifted their target price on shares of Target from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. UBS Group lifted their target price on shares of Target from $86.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Wells Fargo & Co upgraded shares of Target from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Wednesday, August 21st. Finally, Barclays set a $115.00 target price on shares of Target and gave the company a “buy” rating in a research note on Wednesday, August 21st.
In other news, insider Laysha Ward sold 20,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $110.23, for a total value of $2,204,600.00. Following the sale, the insider now directly owns 88,171 shares in the company, valued at approximately $9,719,089.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Cathy R. Smith sold 8,412 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $104.40, for a total transaction of $878,212.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,369 shares of company stock worth $9,751,164. 0.24% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new stake in Target in the second quarter valued at approximately $25,000. Advisory Alpha LLC acquired a new position in Target during the first quarter valued at approximately $30,000. Icon Wealth Partners LLC acquired a new position in Target during the first quarter valued at approximately $31,000. Larson Financial Group LLC acquired a new position in Target during the second quarter valued at approximately $31,000. Finally, Phocas Financial Corp. acquired a new position in Target during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.
Target stock traded up $0.05 on Thursday, reaching $109.02. The company’s stock had a trading volume of 1,439,421 shares, compared to its average volume of 5,356,010. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.21 and a current ratio of 0.84. The company has a market cap of $55.15 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.49 and a beta of 0.53. The business’s fifty day moving average price is $94.21 and its 200 day moving average price is $84.24. Target has a twelve month low of $60.15 and a twelve month high of $110.94.
Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 21st. The retailer reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.21. Target had a return on equity of 27.43% and a net margin of 4.10%. The company had revenue of $18.42 billion for the quarter, compared to analyst estimates of $18.32 billion. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that Target will post 6.13 earnings per share for the current year.
Target Company Profile
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.
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