Target Co. (NYSE:TGT) Receives Average Rating of “Hold” from Analysts

Target Co. (NYSE:TGT) has been assigned an average rating of “Hold” from the thirty-one ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $142.90.

A number of analysts recently issued reports on TGT shares. Truist Financial lowered their target price on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. KGI Securities set a $132.00 price target on Target in a research report on Wednesday, March 5th. UBS Group cut their price objective on Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Roth Mkm restated a “neutral” rating and set a $122.00 target price (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Finally, DA Davidson cut their price target on shares of Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th.

Target Trading Up 1.4 %

NYSE:TGT opened at $105.84 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target has a twelve month low of $100.50 and a twelve month high of $177.23. The company has a market cap of $48.22 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The business has a 50 day moving average price of $121.12 and a two-hundred day moving average price of $135.54.

Target (NYSE:TGT) last issued its quarterly 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. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. As a group, analysts expect that Target will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.23%. Target’s payout ratio is 50.56%.

Hedge Funds Weigh In On Target

A number of hedge funds have recently added to or reduced their stakes in the stock. Townsquare Capital LLC increased its position in shares of Target by 24.5% in the third quarter. Townsquare Capital LLC now owns 8,182 shares of the retailer’s stock worth $1,275,000 after purchasing an additional 1,612 shares during the period. Cynosure Group LLC grew its stake in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after buying an additional 65 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in Target by 31.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 5,877 shares of the retailer’s stock valued at $916,000 after buying an additional 1,402 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Target by 1.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 204,885 shares of the retailer’s stock valued at $31,933,000 after buying an additional 2,877 shares in the last quarter. Finally, Fiduciary Trust Co lifted its holdings in shares of Target by 2.1% during the 3rd quarter. Fiduciary Trust Co now owns 19,708 shares of the retailer’s stock worth $3,072,000 after acquiring an additional 406 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.