Stifel Nicolaus Cuts Target (NYSE:TGT) Price Target to $130.00

Target (NYSE:TGT) had its price target cut by investment analysts at Stifel Nicolaus from $145.00 to $130.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ target price suggests a potential upside of 12.61% from the company’s current price.

Several other brokerages also recently commented on TGT. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a research report on Wednesday, November 20th. TD Cowen decreased their price target on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Sanford C. Bernstein upped their price objective on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 28th. StockNews.com cut Target from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Roth Mkm lowered their price target on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $155.57.

Target Stock Performance

NYSE TGT traded down $1.70 during trading hours on Wednesday, hitting $115.44. 1,737,973 shares of the company’s stock traded hands, compared to its average volume of 5,758,479. The firm has a market capitalization of $52.90 billion, a P/E ratio of 12.24, a P/E/G ratio of 1.94 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The business’s fifty day moving average price is $133.23 and its two-hundred day moving average price is $142.09. Target has a 52 week low of $112.53 and a 52 week high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities research analysts predict that Target will post 8.69 EPS for the current year.

Institutional Investors Weigh In On Target

Institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Target during the third quarter worth $49,000. Impax Asset Management Group plc raised its stake in Target by 8.6% in the 3rd quarter. Impax Asset Management Group plc now owns 241,447 shares of the retailer’s stock worth $37,632,000 after acquiring an additional 19,095 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Target during the 3rd quarter worth about $38,000. Central Bank & Trust Co. grew its stake in Target by 6.2% during the 3rd quarter. Central Bank & Trust Co. now owns 2,283 shares of the retailer’s stock valued at $356,000 after purchasing an additional 134 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its holdings in shares of Target by 11.0% in the third quarter. Crestwood Advisors Group LLC now owns 11,267 shares of the retailer’s stock valued at $1,756,000 after purchasing an additional 1,114 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.