Stifel Nicolaus Lowers Target (NYSE:TGT) Price Target to $130.00

Target (NYSE:TGT) had its target price cut by Stifel Nicolaus from $145.00 to $130.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 14.26% from the stock’s previous close.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. lowered their target price on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday. Truist Financial boosted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Target in a research report on Monday, November 25th. Jefferies Financial Group cut their target price on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Target presently has an average rating of “Hold” and an average price target of $147.00.

Target Stock Performance

Shares of TGT opened at $113.78 on Wednesday. The stock has a market capitalization of $52.13 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The business’s fifty day moving average price is $132.46 and its 200 day moving average price is $141.72. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target has a 12-month low of $112.53 and a 12-month high of $181.86.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new stake in shares of Target during the 3rd quarter worth $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Target during the fourth quarter worth $29,000. Bernard Wealth Management Corp. purchased a new stake in shares of Target during the fourth quarter valued at $29,000. MCF Advisors LLC boosted its position in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. boosted its position in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds 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.