Target Corporation (NYSE:TGT) has been given a $60.00 price target by equities researchers at Stifel Nicolaus in a note issued to investors on Wednesday, October 18th. The brokerage presently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 1.21% from the stock’s current price.
A number of other research firms also recently issued reports on TGT. BidaskClub raised shares of Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Vetr downgraded shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective for the company. in a report on Monday, August 7th. Zacks Investment Research downgraded shares of Target Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Jefferies Group LLC reaffirmed a “hold” rating on shares of Target Corporation in a report on Friday, August 25th. Finally, BMO Capital Markets reaffirmed a “market weight” rating on shares of Target Corporation in a report on Thursday, September 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $63.68.
Shares of Target Corporation (NYSE:TGT) traded down $0.08 on Wednesday, reaching $59.29. 3,342,328 shares of the company were exchanged, compared to its average volume of 6,052,087. Target Corporation has a twelve month low of $48.56 and a twelve month high of $79.33. The firm has a market cap of $32,424.32, a price-to-earnings ratio of 12.04, a P/E/G ratio of 2.82 and a beta of 0.63. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.91.
Target Corporation (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The business had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. During the same quarter in the prior year, the business earned $1.23 EPS. Target Corporation’s quarterly revenue was up 1.6% on a year-over-year basis. analysts anticipate that Target Corporation will post 4.49 earnings per share for the current year.
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In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its stake in shares of Target Corporation by 23.8% in the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after purchasing an additional 399 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Target Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock worth $129,000 after purchasing an additional 204 shares in the last quarter. Davidson Investment Advisors increased its stake in shares of Target Corporation by 18.5% in the first quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after purchasing an additional 400 shares in the last quarter. Jacobi Capital Management LLC increased its stake in shares of Target Corporation by 109.8% in the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Kistler Tiffany Companies LLC increased its stake in shares of Target Corporation by 19.1% in the second quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after purchasing an additional 445 shares in the last quarter. Institutional investors and hedge funds own 83.70% of the company’s stock.
Target Corporation Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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