Evercore ISI Boosts Target (NYSE:TGT) Price Target to $166.00

Target (NYSE:TGTFree Report) had its target price raised by Evercore ISI from $165.00 to $166.00 in a report published on Thursday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the retailer’s stock.

A number of other equities research analysts also recently commented on TGT. Telsey Advisory Group reissued an outperform rating and issued a $195.00 target price on shares of Target in a report on Wednesday, May 22nd. DA Davidson raised their price target on Target from $167.00 to $195.00 and gave the company a buy rating in a research report on Wednesday, March 6th. UBS Group dropped their price target on Target from $191.00 to $185.00 and set a buy rating for the company in a research report on Thursday, May 23rd. Guggenheim raised their price target on Target from $160.00 to $190.00 and gave the company a buy rating in a research report on Wednesday, March 6th. Finally, Barclays lifted their price objective on Target from $142.00 to $169.00 and gave the stock an equal weight rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $177.61.

View Our Latest Stock Report on TGT

Target Price Performance

Shares of NYSE TGT opened at $146.13 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.27. The stock has a fifty day moving average price of $154.75 and a 200 day moving average price of $152.92. Target has a 1-year low of $102.93 and a 1-year high of $181.86. The company has a market cap of $67.61 billion, a PE ratio of 16.40, a P/E/G ratio of 1.35 and a beta of 1.20.

Target (NYSE:TGTGet Free Report) last released its earnings results 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 business had revenue of $24.14 billion during the quarter, compared to analyst estimates of $24.52 billion. During the same period last year, the business posted $2.05 EPS. Target’s revenue was down 3.2% compared to the same quarter last year. Sell-side analysts forecast that Target will post 9.32 EPS for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.07%. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s payout ratio is 50.28%.

Institutional Investors Weigh In On Target

A number of institutional investors have recently made changes to their positions in TGT. Norges Bank bought a new position in shares of Target in the fourth quarter worth $759,810,000. Boston Partners bought a new position in Target during the first quarter valued at about $335,870,000. International Assets Investment Management LLC boosted its stake in Target by 15,009.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after buying an additional 1,745,459 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in Target by 51,357.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,220,576 shares of the retailer’s stock valued at $173,834,000 after buying an additional 1,218,204 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Target by 58.0% during the fourth quarter. Clearbridge Investments LLC now owns 2,683,228 shares of the retailer’s stock valued at $382,145,000 after buying an additional 984,464 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

About Target

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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.

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Analyst Recommendations for Target (NYSE:TGT)

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