Target’s (TGT) “Neutral” Rating Reiterated at Roth Mkm

Target (NYSE:TGT)‘s stock had its “neutral” rating reiterated by investment analysts at Roth Mkm in a research note issued on Wednesday,Benzinga reports. They currently have a $122.00 target price on the retailer’s stock, down from their previous target price of $131.00. Roth Mkm’s price objective suggests a potential upside of 5.58% from the stock’s previous close.

A number of other research firms have also recently issued reports on TGT. Evercore ISI dropped their price objective on Target from $135.00 to $130.00 and set an “in-line” rating for the company in a report on Wednesday. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reduced their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. Finally, Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $152.80.

Target Trading Down 1.4 %

Shares of TGT traded down $1.59 during midday trading on Wednesday, hitting $115.55. The stock had a trading volume of 2,932,753 shares, compared to its average volume of 5,783,878. Target has a 1 year low of $112.53 and a 1 year high of $181.86. 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’s 50 day moving average is $133.23 and its 200 day moving average is $142.09. The firm has a market cap of $52.95 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. As a group, analysts forecast that Target will post 8.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Target

Several institutional investors and hedge funds have recently modified their holdings of the stock. Probity Advisors Inc. raised its position in Target by 4.3% during the fourth quarter. Probity Advisors Inc. now owns 8,711 shares of the retailer’s stock valued at $1,178,000 after acquiring an additional 360 shares in the last quarter. Copley Financial Group Inc. grew its stake in shares of Target by 17.8% during the 4th quarter. Copley Financial Group Inc. now owns 1,883 shares of the retailer’s stock worth $255,000 after purchasing an additional 284 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Target during the 4th quarter valued at approximately $51,270,000. Azzad Asset Management Inc. ADV lifted its stake in shares of Target by 1.8% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 48,131 shares of the retailer’s stock valued at $6,506,000 after purchasing an additional 873 shares during the period. Finally, Jefferies Financial Group Inc. boosted its holdings in Target by 148.2% during the fourth quarter. Jefferies Financial Group Inc. now owns 42,093 shares of the retailer’s stock worth $5,690,000 after buying an additional 25,134 shares in the last quarter. Institutional investors and hedge funds 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.