Analysts Set Target Co. (NYSE:TGT) PT at $160.57

Target Co. (NYSE:TGT) has received an average recommendation of “Hold” from the thirty-two analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $158.23.

A number of equities analysts recently weighed in on TGT shares. Piper Sandler lowered their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. 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 report on Thursday, November 21st. Melius Research began coverage on Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 price target for the company. Truist Financial upped their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday. Finally, HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research note on Wednesday, November 20th.

Target Stock Up 0.3 %

Shares of TGT stock opened at $133.62 on Monday. The firm’s fifty day moving average price is $136.13 and its two-hundred day moving average price is $145.14. Target has a 1 year low of $120.21 and a 1 year high of $181.86. 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 firm has a market capitalization of $61.22 billion, a P/E ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16.

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

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Institutional Investors Weigh In On Target

Several hedge funds and other institutional investors have recently made changes to their positions in TGT. Thrivent Financial for Lutherans boosted its position in Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after acquiring an additional 9,510 shares during the last quarter. Prana Capital Management LP boosted its holdings in shares of Target by 47.5% during the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after acquiring an additional 69,885 shares in the last quarter. Leibman Financial Services Inc. bought a new stake in Target during the 4th quarter worth $2,272,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in Target in the 3rd quarter worth about $967,000. 79.73% of the stock is owned by institutional investors.

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.