Target (NYSE:TGT) PT Lowered to $180.00

Target (NYSE:TGT) had its price objective dropped by stock analysts at Evercore ISI from $183.00 to $180.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an “in-line” rating on the retailer’s stock. Evercore ISI’s price target points to a potential upside of 9.44% from the company’s previous close.

Several other equities research analysts have also recently weighed in on TGT. Royal Bank of Canada boosted their target price on Target from $157.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Wells Fargo & Company upped their target price on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Jefferies Financial Group increased their target price on shares of Target from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Guggenheim boosted their price target on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Citigroup raised their price objective on Target from $142.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.85.

Target Stock Up 0.7 %

Shares of NYSE TGT opened at $164.47 on Tuesday. Target has a 12-month low of $102.93 and a 12-month high of $181.86. The stock has a market cap of $75.93 billion, a P/E ratio of 18.42, a PEG ratio of 1.55 and a beta of 1.14. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The business’s fifty day simple moving average is $162.87 and its 200-day simple moving average is $140.34.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.57. The business had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.89 EPS. As a group, equities analysts predict that Target will post 9.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the transaction, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now owns 38,487 shares in the company, valued at $6,576,658.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now owns 346,919 shares in the company, valued at $58,115,870.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,600 shares of company stock worth $8,819,598. Company insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Target

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dumont & Blake Investment Advisors LLC raised its position in Target by 1.2% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 8,581 shares of the retailer’s stock worth $1,521,000 after acquiring an additional 105 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new position in shares of Target during the 1st quarter worth approximately $252,000. New Mexico Educational Retirement Board lifted its stake in Target by 15.8% in the 1st quarter. New Mexico Educational Retirement Board now owns 27,816 shares of the retailer’s stock valued at $4,929,000 after buying an additional 3,800 shares in the last quarter. Founders Financial Securities LLC grew its holdings in Target by 118.1% during the 1st quarter. Founders Financial Securities LLC now owns 9,469 shares of the retailer’s stock valued at $1,678,000 after buying an additional 5,127 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. grew its holdings in Target by 26.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 960 shares of the retailer’s stock valued at $170,000 after buying an additional 200 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Company Profile

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.