Target Co. (NYSE:TGT) Receives Average Rating of “Buy” from Brokerages

Shares of Target Co. (NYSE:TGTGet Rating) have earned a consensus rating of “Buy” from the twenty-four brokerages that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $277.23.

TGT has been the topic of several research reports. Truist Financial reduced their price target on shares of Target from $270.00 to $261.00 and set a “buy” rating on the stock in a research report on Wednesday, March 2nd. Morgan Stanley decreased their price objective on Target from $260.00 to $255.00 and set an “equal weight” rating for the company in a report on Tuesday, January 18th. BMO Capital Markets boosted their target price on shares of Target from $275.00 to $295.00 and gave the stock an “outperform” rating in a report on Wednesday, March 2nd. Gordon Haskett upgraded shares of Target from a “hold” rating to a “buy” rating and boosted their target price for the stock from $255.00 to $300.00 in a report on Friday, April 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Target from $353.00 to $305.00 and set a “buy” rating for the company in a report on Monday, February 28th.

In other news, insider Michael J. Fiddelke sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $210.19, for a total transaction of $1,050,950.00. Following the completion of the transaction, the insider now directly owns 31,130 shares of the company’s stock, valued at approximately $6,543,214.70. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Cara A. Sylvester sold 2,030 shares of the company’s stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $250.00, for a total value of $507,500.00. Following the transaction, the insider now directly owns 7,891 shares of the company’s stock, valued at $1,972,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,363 shares of company stock valued at $21,970,253. Corporate insiders own 0.29% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. raised its stake in Target by 111.0% in the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the retailer’s stock valued at $25,000 after purchasing an additional 13,149 shares during the last quarter. Landmark Wealth Management LLC acquired a new stake in shares of Target in the 1st quarter worth $25,000. Blume Capital Management Inc. acquired a new stake in shares of Target in the 1st quarter worth $25,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Target in the 4th quarter worth $27,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of Target in the 4th quarter worth $28,000. 81.83% of the stock is owned by hedge funds and other institutional investors.

NYSE TGT opened at $219.73 on Friday. Target has a 12 month low of $184.00 and a 12 month high of $268.98. The stock has a market cap 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’s 50 day moving average is $225.36 and its two-hundred day moving average is $228.65. The company has a current ratio of 0.99, a quick ratio of 0.35 and a debt-to-equity ratio of 1.06.

Target (NYSE:TGTGet Rating) last released its quarterly earnings data on Tuesday, March 1st. The retailer reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.33. The firm had revenue of $31 billion for the quarter, compared to analysts’ expectations of $31.40 billion. Target had a net margin of 6.55% and a return on equity of 47.35%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.67 earnings per share. Sell-side analysts forecast that Target will post 14.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Wednesday, May 18th will be given a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $3.60 annualized dividend and a yield of 1.64%. Target’s dividend payout ratio is presently 25.59%.

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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Analyst Recommendations for Target (NYSE:TGT)

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