Target (NYSE:TGT) Price Target Raised to $146.00

Target (NYSE:TGT) had its target price hoisted by JPMorgan Chase & Co. from $139.00 to $146.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the retailer’s stock.

Several other equities analysts also recently issued reports on TGT. Piper Sandler cut their target price on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Roth Mkm reduced their price objective on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Wells Fargo & Company cut their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Finally, Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. 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. According to data from MarketBeat.com, Target has an average rating of “Hold” and an average target price of $157.93.

Target Stock Up 1.5 %

NYSE:TGT opened at $124.37 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target has a twelve month low of $120.21 and a twelve month high of $181.86. The company has a market cap of $56.99 billion, a PE ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. The company’s 50 day moving average is $133.77 and its two-hundred day moving average is $142.35.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.60%. Target’s dividend payout ratio (DPR) is currently 47.51%.

Hedge Funds Weigh In On Target

Several hedge funds and other institutional investors have recently made changes to their positions in TGT. abrdn plc grew its holdings in shares of Target by 5.8% during the third quarter. abrdn plc now owns 676,770 shares of the retailer’s stock worth $104,436,000 after buying an additional 37,353 shares in the last quarter. Fidelis Capital Partners LLC boosted its position in Target by 15.5% during the third quarter. Fidelis Capital Partners LLC now owns 5,639 shares of the retailer’s stock worth $835,000 after acquiring an additional 755 shares during the last quarter. Avitas Wealth Management LLC grew its stake in Target by 1.2% during the 3rd quarter. Avitas Wealth Management LLC now owns 29,551 shares of the retailer’s stock valued at $4,606,000 after acquiring an additional 347 shares in the last quarter. Mutual Advisors LLC raised its holdings in Target by 16.4% in the 3rd quarter. Mutual Advisors LLC now owns 21,386 shares of the retailer’s stock valued at $3,212,000 after acquiring an additional 3,014 shares during the last quarter. Finally, Trajan Wealth LLC lifted its stake in Target by 15.6% in the 3rd quarter. Trajan Wealth LLC now owns 52,650 shares of the retailer’s stock worth $8,206,000 after purchasing an additional 7,093 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

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.