Target (NYSE:TGT – Get Rating) had its price objective cut by analysts at Cowen from $265.00 to $190.00 in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the retailer’s stock. Cowen’s price target points to a potential upside of 23.73% from the stock’s previous close.
Several other research firms have also issued reports on TGT. Raymond James dropped their price objective on shares of Target from $275.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Thursday. BMO Capital Markets dropped their price objective on shares of Target from $250.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday. Evercore ISI assumed coverage on shares of Target in a research report on Friday, February 25th. They issued a “hold” rating and a $235.00 price objective for the company. Stifel Nicolaus lowered shares of Target from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $270.00 to $185.00 in a research report on Wednesday. Finally, Telsey Advisory Group dropped their price objective on shares of Target from $305.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Target currently has a consensus rating of “Buy” and a consensus price target of $226.16.
TGT stock traded down $8.05 on Thursday, hitting $153.56. 337,447 shares of the company were exchanged, compared to its average volume of 3,435,097. Target has a twelve month low of $155.20 and a twelve month high of $268.98. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.99 and a quick ratio of 0.35. The business’s fifty day moving average is $224.49 and its two-hundred day moving average is $227.20. The stock has a market capitalization of $71.20 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 0.91 and a beta of 0.94.
In other Target news, insider Cara A. Sylvester sold 2,030 shares of Target 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 completion of the transaction, the insider now directly owns 7,891 shares in the company, valued at $1,972,750. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Fiddelke sold 5,000 shares of Target stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $210.19, for a total value of $1,050,950.00. Following the completion of the transaction, the insider now owns 31,130 shares of the company’s stock, valued at $6,543,214.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,363 shares of company stock valued at $21,970,253. 0.29% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Blume Capital Management Inc. acquired a new position in shares of Target during the first quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of Target during the fourth quarter worth approximately $28,000. Delos Wealth Advisors LLC acquired a new position in shares of Target during the fourth quarter worth approximately $29,000. Founders Capital Management acquired a new position in shares of Target during the fourth quarter worth approximately $29,000. Finally, Sterling Investment Advisors Ltd. boosted its position in shares of Target by 12,500.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 126 shares of the retailer’s stock worth $29,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 81.83% of the company’s stock.
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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