Target Co. (NYSE:TGT) Receives $157.93 Consensus Target Price from Analysts

Shares of Target Co. (NYSE:TGT) have received an average rating of “Hold” from the thirty-two ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seventeen have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $145.87.

TGT has been the subject of a number of research analyst reports. Oppenheimer lowered their price target on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Roth Mkm reaffirmed a “neutral” rating and issued a $122.00 price target (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. StockNews.com downgraded Target from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Target in a report on Wednesday, March 5th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Cynosure Group LLC raised its position in Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after acquiring an additional 65 shares in the last quarter. Hancock Whitney Corp raised its position in 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 acquiring an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC raised its position in Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after acquiring an additional 73 shares in the last quarter. Proffitt & Goodson Inc. increased its position in shares of Target by 2.2% in the third 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 increased its position in shares of Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT opened at $113.74 on Tuesday. The stock has a 50 day moving average price of $131.63 and a 200 day moving average price of $141.07. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $52.12 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target has a 52-week low of $111.84 and a 52-week high of $181.86.

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

Target Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 3.94%. The ex-dividend date was Wednesday, February 12th. Target’s payout ratio is 50.56%.

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.