Target (NYSE:TGT) Given New $200.00 Price Target at UBS Group

Target (NYSE:TGT) had its price objective raised by UBS Group from $185.00 to $200.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. UBS Group’s price target would indicate a potential upside of 25.21% from the stock’s previous close.

TGT has been the subject of a number of other reports. Telsey Advisory Group upped their target price on Target from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday. BNP Paribas assumed coverage on Target in a report on Monday, June 3rd. They set an “underperform” rating and a $116.00 price target on the stock. Evercore ISI upped their price objective on Target from $158.00 to $160.00 and gave the company an “inline” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on Target from $209.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Finally, Stifel Nicolaus increased their price target on Target from $147.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Target presently has an average rating of “Moderate Buy” and a consensus price target of $177.61.

Target Stock Up 0.3 %

Target stock traded up $0.48 during mid-day trading on Thursday, hitting $159.73. The company had a trading volume of 2,209,445 shares, compared to its average volume of 4,032,661. The stock has a market cap of $73.90 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.38 and a beta of 1.19. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. Target has a 1 year low of $102.93 and a 1 year high of $181.86. The business has a fifty day moving average of $145.35 and a 200 day moving average of $154.43.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. Target had a net margin of 3.87% and a return on equity of 31.91%. The firm had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. During the same period last year, the firm posted $1.80 EPS. The company’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that Target will post 9.31 earnings per share for the current fiscal year.

Institutional Trading of Target

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its position 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 worth $250,244,000 after buying an additional 1,745,459 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in Target by 13.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,247 shares of the retailer’s stock worth $1,175,000 after purchasing an additional 958 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in Target by 12.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 43,649 shares of the retailer’s stock valued at $6,216,000 after purchasing an additional 4,990 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Target by 5.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,538 shares of the retailer’s stock valued at $1,501,000 after purchasing an additional 556 shares in the last quarter. Finally, Syon Capital LLC acquired a new stake in shares of Target during the 4th quarter worth about $802,000. Hedge funds and other institutional investors 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.