Target (NYSE:TGT – Get Free Report) had its target price increased by investment analysts at Truist Financial from $129.00 to $134.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the retailer’s stock. Truist Financial’s price objective indicates a potential upside of 1.49% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Stifel Nicolaus raised their price objective on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Bank of America lowered their price objective on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Sanford C. Bernstein initiated coverage on Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price for the company. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a report on Wednesday, November 20th. Finally, TD Cowen cut their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Target has a consensus rating of “Hold” and an average price target of $158.13.
Get Our Latest Stock Report on Target
Target Stock Performance
Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the firm earned $2.10 EPS. The company’s revenue was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Target will post 8.6 earnings per share for the current year.
Institutional Trading of Target
Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its position in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. FMR LLC raised its stake in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after buying an additional 130,691 shares during the period. Legal & General Group Plc boosted its position in Target by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after acquiring an additional 279,656 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after acquiring an additional 62,916 shares during the period. Institutional investors own 79.73% of the company’s stock.
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.
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