Target’s (TGT) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Target (NYSE:TGT)‘s stock had its “outperform” rating reiterated by Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They currently have a $195.00 target price on the retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 25.81% from the stock’s current price.

TGT has been the subject of a number of other reports. Daiwa America upgraded shares of Target to a “strong-buy” rating in a research report on Monday, August 26th. Royal Bank of Canada raised their price objective on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Roth Mkm boosted their target price on shares of Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $180.00 price target on shares of Target in a research note on Wednesday, August 21st. Finally, StockNews.com downgraded Target from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

Target Price Performance

NYSE:TGT traded down $0.66 during mid-day trading on Wednesday, reaching $154.99. The stock had a trading volume of 3,622,499 shares, compared to its average volume of 3,932,710. The stock has a 50-day simple moving average of $152.46 and a two-hundred day simple moving average of $150.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. Target has a 12 month low of $108.08 and a 12 month high of $181.86. The stock has a market capitalization of $71.40 billion, a PE ratio of 16.01, a P/E/G ratio of 2.01 and a beta of 1.24.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The company had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. During the same quarter last year, the company posted $1.80 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Target will post 9.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the sale, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,348 shares of company stock valued at $8,290,995. Corporate insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Triad Wealth Partners LLC purchased a new stake in shares of Target during the 2nd quarter valued at approximately $25,000. Slocum Gordon & Co LLP bought a new position in Target in the second quarter valued at $28,000. Hobbs Group Advisors LLC purchased a new stake in Target during the second quarter valued at about $31,000. Wolff Wiese Magana LLC lifted its stake in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Target in the 2nd quarter worth about $37,000. 79.73% of the stock is owned by institutional investors.

Target Company Profile

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.