Shares of Target Co. (NYSE:TGT – Get Rating) have been given a consensus rating of “Buy” by the twenty-four research firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $277.23.
A number of equities analysts have commented on TGT shares. JPMorgan Chase & Co. lifted their price objective on shares of Target from $262.00 to $290.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 2nd. Morgan Stanley dropped their price objective on shares of Target from $260.00 to $255.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 18th. UBS Group lifted their price objective on shares of Target from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, March 2nd. Gordon Haskett raised shares of Target from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $255.00 to $300.00 in a research note on Friday, April 8th. Finally, BMO Capital Markets lifted their price objective on shares of Target from $275.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 2nd.
TGT opened at $219.73 on Friday. The stock has a market capitalization of $101.88 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 0.89 and a beta of 0.94. The company has a fifty day moving average of $225.36 and a 200 day moving average of $228.65. Target has a fifty-two week low of $184.00 and a fifty-two week high of $268.98. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.35 and a current ratio of 0.99.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Wednesday, May 18th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $3.60 dividend on an annualized basis and a yield of 1.64%. Target’s payout ratio is 25.59%.
In other Target news, insider Brian C. Cornell sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $216.35, for a total transaction of $6,490,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cara A. Sylvester sold 2,030 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $250.00, for a total transaction of $507,500.00. Following the transaction, the insider now directly owns 7,891 shares in the company, valued at approximately $1,972,750. The disclosure for this sale can be found here. Insiders have sold a total of 99,363 shares of company stock valued at $21,970,253 in the last quarter. 0.29% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Blume Capital Management Inc. purchased a new position in Target during the 1st quarter valued at about $25,000. EverSource Wealth Advisors LLC purchased a new position in Target during the 4th quarter valued at about $28,000. Delos Wealth Advisors LLC purchased a new position in Target during the 4th quarter valued at about $29,000. Founders Capital Management purchased a new position in Target during the 4th quarter valued at about $29,000. Finally, Sterling Investment Advisors Ltd. increased its position in Target by 12,500.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 126 shares of the retailer’s stock valued at $29,000 after purchasing an additional 125 shares during the period. 81.83% of the stock is currently owned by institutional investors and hedge funds.
Target Company Profile (Get Rating)
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.
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