Deutsche Bank Aktiengesellschaft Begins Coverage on Target (NYSE:TGT)

Stock analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Target (NYSE:TGT) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm set a “hold” rating on the retailer’s stock.

Several other research analysts have also weighed in on TGT. Bank of America lowered their price objective on Target from $93.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Guggenheim reaffirmed a “buy” rating and set a $115.00 target price on shares of Target in a research note on Monday, October 27th. Piper Sandler reissued a “neutral” rating and issued a $85.00 price target (down from $94.00) on shares of Target in a research note on Thursday, November 20th. Sanford C. Bernstein reduced their price objective on shares of Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Finally, Royal Bank Of Canada lowered their price objective on shares of Target from $107.00 to $99.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $102.83.

Target Stock Down 0.8%

Shares of NYSE TGT opened at $105.52 on Thursday. The company’s 50 day moving average price is $94.05 and its 200-day moving average price is $95.83. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. Target has a 52-week low of $83.44 and a 52-week high of $145.08. The company has a market capitalization of $47.78 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 11.57 and a beta of 1.12.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. The company had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. Target’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities analysts forecast that Target will post 8.69 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JNBA Financial Advisors increased its position in shares of Target by 3.0% during the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after acquiring an additional 96 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its position in Target by 32.3% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after acquiring an additional 98 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in Target by 0.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock valued at $1,738,000 after purchasing an additional 100 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares in the last quarter. Finally, Binnacle Investments Inc raised its stake in shares of Target by 11.4% in the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.