Analysts Set Target Co. (NYSE:TGT) PT at $189.44

Shares of Target Co. (NYSE:TGTGet Rating) have been assigned an average rating of “Moderate Buy” from the twenty-eight research firms that are currently covering the firm, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $190.42.

Several analysts have recently commented on TGT shares. DA Davidson lowered their price objective on Target from $205.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, June 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Target from $227.00 to $198.00 and set a “buy” rating for the company in a research report on Wednesday, June 8th. Raymond James decreased their price target on Target from $205.00 to $190.00 and set a “strong-buy” rating for the company in a research report on Wednesday, June 8th. Barclays decreased their price target on Target from $200.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, June 8th. Finally, Guggenheim reduced their price objective on Target from $225.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, June 8th.

Insider Transactions at Target

In other news, insider John J. Mulligan sold 45,490 shares of the business’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $139.98, for a total transaction of $6,367,690.20. Following the transaction, the insider now directly owns 157,333 shares of the company’s stock, valued at $22,023,473.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TGT. Cedar Brook Financial Partners LLC lifted its stake in shares of Target by 24.1% in the 4th quarter. Cedar Brook Financial Partners LLC now owns 1,745 shares of the retailer’s stock valued at $404,000 after purchasing an additional 339 shares during the period. TAP Consulting LLC bought a new position in Target during the 4th quarter valued at approximately $54,000. Bessemer Group Inc. increased its position in Target by 37.7% during the 4th quarter. Bessemer Group Inc. now owns 20,519 shares of the retailer’s stock valued at $4,749,000 after buying an additional 5,614 shares in the last quarter. Bank of The West increased its position in Target by 6.9% during the 4th quarter. Bank of The West now owns 11,423 shares of the retailer’s stock valued at $2,644,000 after buying an additional 742 shares in the last quarter. Finally, Vahanian & Associates Financial Planning Inc. bought a new position in Target during the 4th quarter valued at approximately $383,000. Hedge funds and other institutional investors own 81.83% of the company’s stock.

Target Stock Up 2.5 %

Shares of Target stock opened at $163.38 on Thursday. Target has a one year low of $137.16 and a one year high of $268.98. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.87 and a quick ratio of 0.14. The stock’s 50-day moving average is $151.12 and its 200 day moving average is $194.79. The firm has a market cap of $75.76 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.76 and a beta of 1.00.

Target (NYSE:TGTGet Rating) last announced its quarterly earnings results on Wednesday, May 18th. The retailer reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.81). The firm had revenue of $24.83 billion during the quarter, compared to the consensus estimate of $24.48 billion. Target had a return on equity of 44.75% and a net margin of 5.48%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.69 EPS. Equities research analysts anticipate that Target will post 8.7 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Wednesday, August 17th will be issued a $1.08 dividend. The ex-dividend date is Tuesday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.64%. This is an increase from Target’s previous quarterly dividend of $0.90. Target’s payout ratio is currently 29.85%.

Target Company Profile

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Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

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