Guggenheim Raises Target (NYSE:TGT) Price Target to $155.00

Target (NYSE:TGT) had its price objective raised by equities researchers at Guggenheim from $145.00 to $155.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. Guggenheim’s target price suggests a potential upside of 13.51% from the stock’s current price.

Several other brokerages have also recently commented on TGT. Bank of America decreased their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. TD Cowen decreased their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Truist Financial boosted their target price on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. BMO Capital Markets reduced their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Finally, HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Target has an average rating of “Hold” and an average target price of $158.57.

Target Trading Down 0.6 %

Shares of NYSE:TGT traded down $0.79 on Wednesday, reaching $136.55. 350,350 shares of the company traded hands, compared to its average volume of 4,912,273. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The business’s 50-day simple moving average is $135.37 and its 200 day simple moving average is $145.01. The stock has a market capitalization of $62.57 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16. Target has a 52 week low of $120.21 and a 52 week high of $181.86.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the business posted $2.10 earnings per share. Target’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Target will post 8.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Target

A number of institutional investors have recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the third quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter worth approximately $36,000. Catalyst Capital Advisors LLC purchased a new stake in Target in the 3rd quarter valued at $38,000. Finally, MCF Advisors LLC raised its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

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.