Target (NYSE:TGT) Price Target Lowered to $105.00 at Piper Sandler

Target (NYSE:TGT) had its price target trimmed by Piper Sandler from $124.00 to $105.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the retailer’s stock.

A number of other research firms also recently weighed in on TGT. Roth Mkm restated a “neutral” rating and issued a $122.00 price objective (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Telsey Advisory Group cut their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Guggenheim upped their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Mizuho initiated coverage on shares of Target in a research report on Friday, April 11th. They set a “neutral” rating and a $92.00 price target on the stock. Finally, KGI Securities set a $132.00 price target on shares of Target in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $128.57.

Target Stock Down 2.0%

Shares of NYSE:TGT opened at $99.07 on Tuesday. The company has a fifty day moving average of $99.27 and a 200-day moving average of $122.93. The company has a market capitalization of $45.01 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target has a 52-week low of $87.35 and a 52-week high of $167.40.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, equities analysts predict that Target will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.52%. Target’s payout ratio is 50.56%.

Hedge Funds Weigh In On Target

Large investors have recently added to or reduced their stakes in the business. Czech National Bank increased its stake in Target by 6.0% in the 4th quarter. Czech National Bank now owns 99,895 shares of the retailer’s stock valued at $13,504,000 after buying an additional 5,618 shares during the last quarter. Aprio Wealth Management LLC increased its stake in Target by 26.2% in the 4th quarter. Aprio Wealth Management LLC now owns 1,980 shares of the retailer’s stock valued at $268,000 after buying an additional 411 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in Target in the 4th quarter valued at about $585,000. City State Bank increased its stake in Target by 120.7% in the 4th quarter. City State Bank now owns 812 shares of the retailer’s stock valued at $110,000 after buying an additional 444 shares during the last quarter. Finally, Brookstone Capital Management increased its stake in Target by 4.7% in the 4th quarter. Brookstone Capital Management now owns 15,734 shares of the retailer’s stock valued at $2,127,000 after buying an additional 713 shares during the last quarter. Institutional investors 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.