Brokerages Set Target Co. (NYSE:TGT) Price Target at $155.62

Shares of Target Co. (NYSE:TGTGet Free Report) have been given an average recommendation of “Hold” by the twenty-seven research firms that are currently covering the company, MarketBeat reports. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $155.62.

Several equities research analysts have commented on the stock. Roth Mkm reiterated a “neutral” rating and issued a $140.00 price objective on shares of Target in a research note on Thursday, November 16th. Citigroup lifted their target price on Target from $117.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, November 16th. TD Cowen lowered Target from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $161.00 to $148.00 in a research note on Thursday, November 16th. BMO Capital Markets increased their price target on shares of Target from $120.00 to $130.00 and gave the stock a “market perform” rating in a report on Thursday, November 16th. Finally, JPMorgan Chase & Co. boosted their target price on Target from $113.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, November 16th.

Get Our Latest Report on TGT

Target Trading Down 1.0 %

TGT opened at $139.08 on Monday. The company has a fifty day moving average price of $138.57 and a two-hundred day moving average price of $126.82. Target has a 1-year low of $102.93 and a 1-year high of $181.70. The company has a current ratio of 0.86, a quick ratio of 0.18 and a debt-to-equity ratio of 1.19. The company has a market cap of $64.21 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.12.

Target (NYSE:TGTGet Free Report) last released its quarterly earnings data on Wednesday, November 15th. The retailer reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.62. The firm had revenue of $25 billion for the quarter, compared to analyst estimates of $25.28 billion. Target had a net margin of 3.40% and a return on equity of 30.69%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm earned $1.54 earnings per share. Analysts predict that Target will post 8.34 EPS for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 10th. Shareholders of record on Wednesday, February 21st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.16%. The ex-dividend date is Friday, January 19th. Target’s dividend payout ratio is currently 56.12%.

Insiders Place Their Bets

In related news, insider Christina Hennington sold 4,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $130.55, for a total transaction of $522,200.00. Following the sale, the insider now directly owns 38,451 shares of the company’s stock, valued at approximately $5,019,778.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Don H. Liu sold 16,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $130.00, for a total transaction of $2,080,000.00. Following the transaction, the insider now directly owns 48,882 shares of the company’s stock, valued at approximately $6,354,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christina Hennington sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $130.55, for a total transaction of $522,200.00. Following the completion of the transaction, the insider now directly owns 38,451 shares in the company, valued at approximately $5,019,778.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,000 shares of company stock worth $3,127,520. 0.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Target

A number of hedge funds have recently modified their holdings of the business. DT Investment Partners LLC purchased a new position in shares of Target during the 4th quarter valued at about $73,000. abrdn plc increased its holdings in shares of Target by 31.2% in the fourth quarter. abrdn plc now owns 637,659 shares of the retailer’s stock worth $90,815,000 after purchasing an additional 151,596 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Target by 74.5% during the 4th quarter. J.W. Cole Advisors Inc. now owns 8,954 shares of the retailer’s stock valued at $1,275,000 after acquiring an additional 3,822 shares during the last quarter. Naples Money Management LLC bought a new position in shares of Target in the 4th quarter valued at about $150,000. Finally, Resonant Capital Advisors LLC bought a new stake in shares of Target in the 4th quarter valued at approximately $242,000. Institutional investors own 78.33% of the company’s stock.

About Target

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.