Target Co. (NYSE:TGT) had its price objective raised by Telsey Advisory Group from $58.00 to $60.00 in a research report sent to investors on Thursday morning. They currently have a market perform rating on the retailer’s stock.
Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Target from a sell rating to a hold rating in a research report on Monday, May 15th. Vetr upgraded shares of Target from a hold rating to a buy rating and set a $61.86 target price for the company in a research report on Wednesday, May 10th. Gordon Haskett assumed coverage on shares of Target in a research report on Tuesday, May 9th. They set a sell rating and a $47.00 target price for the company. Buckingham Research reiterated a buy rating and set a $71.00 target price on shares of Target in a research report on Wednesday, April 19th. Finally, TheStreet cut shares of Target from a b- rating to a c+ rating in a research report on Monday, March 27th. Six equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $65.49.
Target (NYSE:TGT) opened at 54.49 on Thursday. The company has a 50 day moving average price of $55.20 and a 200-day moving average price of $64.00. The firm has a market capitalization of $30.06 billion, a PE ratio of 11.17 and a beta of 0.63. Target has a one year low of $52.72 and a one year high of $79.33.
Target (NYSE:TGT) last issued its earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, beating the consensus estimate of $0.91 by $0.30. The company had revenue of $16.02 billion during the quarter, compared to analysts’ expectations of $15.63 billion. Target had a net margin of 4.75% and a return on equity of 25.18%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. On average, equities analysts predict that Target will post $4.22 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 17th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.40%. Target’s dividend payout ratio is 42.93%.
In other Target news, Director Donald R. Knauss acquired 10,000 shares of Target stock in a transaction dated Thursday, March 9th. The stock was bought at an average cost of $54.86 per share, for a total transaction of $548,600.00. Following the purchase, the director now directly owns 16,431 shares in the company, valued at approximately $901,404.66. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cathy R. Smith acquired 5,000 shares of Target stock in a transaction dated Wednesday, March 1st. The shares were acquired at an average price of $58.95 per share, with a total value of $294,750.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 19,000 shares of company stock valued at $1,073,750. Company insiders own 0.25% of the company’s stock.
Several institutional investors have recently bought and sold shares of TGT. Cribstone Capital Management LLC increased its position in Target by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock worth $101,000 after buying an additional 1,016 shares in the last quarter. First National Bank Sioux Falls increased its position in Target by 18.5% in the third quarter. First National Bank Sioux Falls now owns 1,603 shares of the retailer’s stock worth $110,000 after buying an additional 250 shares in the last quarter. Reilly Financial Advisors LLC increased its position in Target by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock worth $110,000 after buying an additional 874 shares in the last quarter. Pinnacle Bank acquired a new position in Target during the first quarter worth approximately $123,000. Finally, Peoples Financial Services CORP. increased its position in Target by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock worth $125,000 after buying an additional 1,225 shares in the last quarter. Institutional investors own 88.53% of the company’s stock.
Target 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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