Target (NYSE:TGT) Given New $145.00 Price Target at Telsey Advisory Group

Target (NYSE:TGT) had its target price decreased by Telsey Advisory Group from $150.00 to $145.00 in a research report released on Wednesday morning, MarketBeat Ratings reports. Telsey Advisory Group currently has an outperform rating on the retailer’s stock.

Several other equities analysts have also issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $165.00 price target on shares of Target in a research note on Monday, November 25th. Piper Sandler decreased their price target on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Citigroup lifted their price target on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Finally, Truist Financial lifted their price target on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $148.23.

Target Price Performance

Target stock opened at $116.70 on Wednesday. The stock’s fifty day moving average price is $132.91 and its two-hundred day moving average price is $141.92. Target has a one year low of $112.53 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market cap of $53.47 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. As a group, research analysts expect that Target will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio is 50.56%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TGT. Norges Bank acquired a new position in shares of Target in the 4th quarter valued at about $757,892,000. State Street Corp lifted its stake in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. Raymond James Financial Inc. acquired a new position in Target during the 4th quarter worth approximately $297,122,000. Ameriprise Financial Inc. raised its stake in Target by 61.2% during the 4th quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer’s stock worth $536,407,000 after buying an additional 1,506,275 shares during the period. Finally, Two Sigma Advisers LP raised its stake in Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after buying an additional 1,502,200 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

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.