Target (NYSE:TGT) Stock Price Down 1.4% – What’s Next?

Target Co. (NYSE:TGT)’s share price dropped 1.4% on Monday . The stock traded as low as $129.62 and last traded at $129.70. Approximately 729,663 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 4,556,797 shares. The stock had previously closed at $131.48.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Roth Mkm lowered their price target on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. StockNews.com lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Guggenheim cut their price target on shares of Target from $180.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Finally, Bank of America dropped their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Target has an average rating of “Hold” and an average price target of $160.57.

Target Stock Up 0.4 %

The business has a fifty day moving average of $141.35 and a 200 day moving average of $146.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a market capitalization of $60.67 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.23 and a beta of 1.17.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $2.10 EPS. As a group, equities analysts predict that Target Co. will post 8.6 earnings per share for the current year.

Insider Buying and Selling at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Target

Several institutional investors and hedge funds have recently modified their holdings of TGT. DGS Capital Management LLC increased its stake in Target by 38.7% during the third quarter. DGS Capital Management LLC now owns 2,193 shares of the retailer’s stock worth $342,000 after purchasing an additional 612 shares during the period. Copley Financial Group Inc. acquired a new position in shares of Target in the third quarter valued at approximately $249,000. Logan Capital Management Inc. increased its stake in Target by 7.1% during the 3rd quarter. Logan Capital Management Inc. now owns 53,737 shares of the retailer’s stock worth $8,375,000 after buying an additional 3,549 shares during the period. Fidelity D & D Bancorp Inc. purchased a new position in Target in the 3rd quarter valued at approximately $208,000. Finally, Inspire Trust Co. N.A. grew its stake in shares of Target by 28.4% in the third quarter. Inspire Trust Co. N.A. now owns 43,639 shares of the retailer’s stock worth $6,802,000 after acquiring an additional 9,652 shares in the last quarter. Hedge funds and other 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.