Stifel Nicolaus Cuts Target (NYSE:TGT) Price Target to $120.00

Target (NYSE:TGT) had its target price cut by Stifel Nicolaus from $130.00 to $120.00 in a research report released on Thursday morning,Benzinga reports. They currently have a hold rating on the retailer’s stock.

Several other equities analysts have also issued reports on the company. Guggenheim boosted their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Roth Mkm restated a “neutral” rating and set a $122.00 target price (down from $131.00) on shares of Target in a research report on Wednesday, March 5th. Evercore ISI decreased their target price on Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research report on Wednesday, March 5th. Finally, DA Davidson decreased their target price on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $145.55.

Target Stock Performance

Shares of NYSE:TGT opened at $104.29 on Thursday. The stock has a market capitalization of $47.51 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.94 and a beta of 1.18. Target has a 1-year low of $101.76 and a 1-year high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $125.89 and a two-hundred day moving average price of $138.03.

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

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is currently 50.56%.

Institutional Investors Weigh In On Target

A number of institutional investors and hedge funds have recently made changes to their positions in TGT. Thrivent Financial for Lutherans raised its stake in shares of Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after purchasing an additional 490 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Target by 7.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 23,400 shares of the retailer’s stock worth $3,647,000 after purchasing an additional 1,551 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter worth approximately $153,000. Moors & Cabot Inc. raised its stake in shares of Target by 6.1% during the 3rd quarter. Moors & Cabot Inc. now owns 14,466 shares of the retailer’s stock worth $2,255,000 after purchasing an additional 836 shares in the last quarter. Finally, Moran Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter worth approximately $6,370,000. 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.