Target (NYSE:TGT) Price Target Lowered to $120.00 at Citigroup

Target (NYSE:TGT) had its price objective decreased by Citigroup from $133.00 to $120.00 in a research note published on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the retailer’s stock.

Other equities research analysts have also recently issued reports about the company. Sanford C. Bernstein increased their target price on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 28th. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Jefferies Financial Group reduced their price objective on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Truist Financial raised their price target on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $148.23.

Target Stock Down 0.4 %

Shares of Target stock opened at $116.70 on Wednesday. Target has a 1 year low of $112.53 and a 1 year high of $181.86. The firm has a market cap of $53.47 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.94 and a beta of 1.18. The company has a 50-day moving average of $132.91 and a 200 day moving average of $141.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, sell-side analysts anticipate that Target will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s payout ratio is 50.56%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cynosure Group LLC raised its stake in Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after acquiring an additional 65 shares during the period. Hancock Whitney Corp increased its stake in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after purchasing an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC raised its position in shares of Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after purchasing an additional 73 shares during the period. Proffitt & Goodson Inc. lifted its stake in shares of Target by 2.2% during the 3rd quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after buying an additional 73 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after buying an additional 73 shares during the period. 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.