Target (NYSE:TGT) Price Target Raised to $91.00 at Sanford C. Bernstein

Target (NYSE:TGT) had its target price lifted by stock analysts at Sanford C. Bernstein from $80.00 to $91.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “underperform” rating on the retailer’s stock. Sanford C. Bernstein’s price objective points to a potential downside of 20.33% from the stock’s current price.

Several other research firms also recently weighed in on TGT. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. lowered their price objective on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Roth Mkm set a $88.00 target price on Target in a research report on Thursday, November 20th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a report on Wednesday, January 21st. Ten research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and an average target price of $105.41.

Target Stock Down 1.9%

Shares of TGT stock traded down $2.22 during mid-day trading on Thursday, reaching $114.22. 1,772,755 shares of the company were exchanged, compared to its average volume of 6,263,067. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The business’s 50 day simple moving average is $107.11 and its 200 day simple moving average is $97.64. The company has a market capitalization of $51.72 billion, a P/E ratio of 13.88, a P/E/G ratio of 11.81 and a beta of 1.14. Target has a fifty-two week low of $83.44 and a fifty-two week high of $127.06.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Target by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after acquiring an additional 286,499 shares during the last quarter. State Street Corp lifted its holdings in shares of Target by 0.3% during the fourth quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after purchasing an additional 124,468 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Target by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock valued at $1,668,194,000 after purchasing an additional 561,898 shares during the period. Franklin Resources Inc. increased its stake in Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after purchasing an additional 142,937 shares in the last quarter. Finally, Norges Bank acquired a new stake in Target during the 4th quarter worth about $587,903,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.