Target (NYSE:TGT) Rating Lowered to “Hold” at StockNews.com

Target (NYSE:TGT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

TGT has been the subject of several other research reports. Telsey Advisory Group dropped their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a research note on Wednesday, March 5th. Citigroup cut their target price on Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Piper Sandler lowered their price target on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company cut their price objective on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $134.57.

Target Price Performance

Shares of TGT stock opened at $92.77 on Thursday. The company has a market capitalization of $42.26 billion, a P/E ratio of 9.84, a P/E/G ratio of 1.94 and a beta of 1.28. 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 12 month low of $87.35 and a 12 month high of $171.06. The stock has a 50 day moving average of $113.01 and a two-hundred day moving average of $131.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share 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 firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. As a group, equities analysts expect that Target will post 8.69 EPS for the current year.

Institutional Investors Weigh In On Target

A number of institutional investors and hedge funds have recently modified their holdings of TGT. Kathmere Capital Management LLC boosted its position in shares of Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after purchasing an additional 73 shares during the last quarter. Horrell Capital Management Inc. lifted its stake in Target by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after buying an additional 76 shares during the period. Fiducient Advisors LLC boosted its holdings in Target by 4.6% during the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer’s stock worth $240,000 after buying an additional 78 shares during the last quarter. First PREMIER Bank grew its position in shares of Target by 21.9% during the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock worth $61,000 after buying an additional 80 shares during the period. Finally, Winch Advisory Services LLC increased its stake in shares of Target by 34.5% in the 4th quarter. Winch Advisory Services LLC now owns 320 shares of the retailer’s stock valued at $43,000 after acquiring an additional 82 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

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.