BMO Capital Markets Trims Target (NYSE:TGT) Target Price to $155.00

Target (NYSE:TGT) had its price target decreased by BMO Capital Markets from $170.00 to $155.00 in a research report sent to investors on Thursday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the retailer’s stock.

A number of other research firms have also recently issued reports on TGT. The Goldman Sachs Group raised their price target on shares of Target from $176.00 to $194.00 and gave the stock a buy rating in a report on Wednesday, March 6th. Oppenheimer raised their target price on Target from $160.00 to $170.00 and gave the stock an outperform rating in a research note on Monday, February 26th. Royal Bank of Canada dropped their price target on Target from $191.00 to $181.00 and set an outperform rating on the stock in a research note on Thursday. Roth Mkm raised their price objective on Target from $140.00 to $153.00 and gave the stock a neutral rating in a research note on Wednesday, March 6th. Finally, Truist Financial dropped their target price on Target from $160.00 to $153.00 and set a hold rating on the stock in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $180.41.

Target Stock Performance

Shares of TGT stock opened at $145.23 on Thursday. Target has a 12-month low of $102.93 and a 12-month high of $181.86. The business’s fifty day simple moving average is $164.92 and its 200-day simple moving average is $149.85. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 0.97. The company has a market cap of $67.19 billion, a PE ratio of 16.30, a PEG ratio of 1.34 and a beta of 1.16.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The business had revenue of $24.14 billion for the quarter, compared to analysts’ expectations of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. Target’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 EPS. Analysts expect that Target will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.03%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is presently 49.38%.

Insiders Place Their Bets

In other news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christina Hennington sold 4,600 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,600 shares of company stock worth $8,819,598. Company insiders own 0.23% of the company’s stock.

Institutional Trading of Target

A number of hedge funds have recently bought and sold shares of TGT. United Services Automobile Association grew its position in shares of Target by 2.9% in the third quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock valued at $4,891,000 after purchasing an additional 1,239 shares in the last quarter. RFG Advisory LLC purchased a new stake in Target in the 4th quarter valued at $605,000. Nordea Investment Management AB increased its stake in shares of Target by 4.9% in the 4th quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after acquiring an additional 24,066 shares during the last quarter. Asio Capital LLC raised its holdings in shares of Target by 109.9% during the 4th quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after acquiring an additional 14,274 shares during the period. Finally, Blue Chip Partners LLC boosted its position in shares of Target by 5.1% during the 4th quarter. Blue Chip Partners LLC now owns 130,179 shares of the retailer’s stock valued at $18,540,000 after acquiring an additional 6,348 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.