Target (NYSE:TGT) Price Target Cut to $190.00

Target (NYSE:TGT) had its target price decreased by Deutsche Bank Aktiengesellschaft from $209.00 to $190.00 in a research report sent to investors on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the retailer’s stock.

A number of other equities analysts have also weighed in on TGT. Oppenheimer lifted their price target on shares of Target from $160.00 to $170.00 and gave the company an outperform rating in a report on Monday, February 26th. Royal Bank of Canada lowered their price target on Target from $191.00 to $181.00 and set an outperform rating for the company in a research report on Thursday. StockNews.com upgraded Target from a buy rating to a strong-buy rating in a report on Monday, May 13th. Bank of America boosted their target price on Target from $160.00 to $190.00 and gave the stock a buy rating in a report on Wednesday, March 6th. Finally, Jefferies Financial Group lifted their price target on shares of Target from $195.00 to $205.00 and gave the company a buy rating in a research report on Monday, April 1st. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $180.41.

Target Trading Up 0.6 %

Shares of Target stock opened at $145.23 on Thursday. The firm has a market cap of $67.19 billion, a PE ratio of 16.30, a P/E/G ratio of 1.34 and a beta of 1.16. The business’s fifty day moving average is $164.92 and its two-hundred day moving average is $149.85. Target has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The company had revenue of $24.14 billion for the quarter, compared to analyst estimates of $24.52 billion. During the same period in the prior year, the company earned $2.05 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. Analysts anticipate that Target will post 9.39 earnings per share for the current year.

Target Announces Dividend

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

Insider Transactions at Target

In related news, insider Christina Hennington sold 4,600 shares of Target stock in a transaction dated Thursday, March 21st. The stock was 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 in the company, valued at $6,576,658.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,600 shares of company stock valued at $8,819,598. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Target

Institutional investors and hedge funds have recently bought and sold shares of the business. WealthPlan Investment Management LLC lifted its holdings in shares of Target by 1,592.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 8,494 shares of the retailer’s stock worth $939,000 after purchasing an additional 7,992 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Target by 14.9% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,108 shares of the retailer’s stock valued at $233,000 after acquiring an additional 274 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Target by 142.6% during the third quarter. EverSource Wealth Advisors LLC now owns 2,225 shares of the retailer’s stock worth $246,000 after acquiring an additional 1,308 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Target in the 3rd quarter worth about $296,000. Finally, Achmea Investment Management B.V. lifted its position in Target by 11.0% in the 3rd quarter. Achmea Investment Management B.V. now owns 40,615 shares of the retailer’s stock valued at $4,491,000 after purchasing an additional 4,010 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

About Target

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.