Target (NYSE:TGT – Get Rating) had its price objective decreased by stock analysts at Raymond James from $275.00 to $205.00 in a research report issued to clients and investors on Thursday, Briefing.com reports. The brokerage currently has a “strong-buy” rating on the retailer’s stock. Raymond James’ price target suggests a potential upside of 33.50% from the stock’s previous close.
A number of other research analysts also recently issued reports on TGT. JPMorgan Chase & Co. reduced their price objective on shares of Target from $302.00 to $188.00 and set an “overweight” rating on the stock in a research report on Thursday. Truist Financial lowered Target from a “buy” rating to a “hold” rating and set a $261.00 target price for the company. in a research report on Wednesday. Royal Bank of Canada reduced their price target on Target from $294.00 to $239.00 and set an “outperform” rating on the stock in a research note on Thursday. DA Davidson lowered their price objective on Target from $293.00 to $205.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Telsey Advisory Group reduced their target price on shares of Target from $305.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $226.16.
Shares of NYSE TGT traded down $8.05 during mid-day trading on Thursday, hitting $153.56. The stock had a trading volume of 337,447 shares, compared to its average volume of 3,435,097. The firm has a market cap of $71.20 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 0.91 and a beta of 0.94. 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 has a 50 day moving average price of $224.49 and a two-hundred day moving average price of $227.20. Target has a 1 year low of $155.20 and a 1 year high of $268.98.
In other news, 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 transaction of $507,500.00. Following the sale, the insider now directly owns 7,891 shares of the company’s stock, valued at approximately $1,972,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert M. Harrison sold 2,080 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $217.87, for a total transaction of $453,169.60. The disclosure for this sale can be found here. Insiders sold 99,363 shares of company stock worth $21,970,253 in the last three months. Insiders own 0.29% of the company’s stock.
A number of hedge funds have recently modified their holdings of TGT. FDx Advisors Inc. increased its position in shares of Target by 12.9% during the 4th quarter. FDx Advisors Inc. now owns 22,374 shares of the retailer’s stock valued at $5,178,000 after purchasing an additional 2,549 shares during the last quarter. Dana Investment Advisors Inc. increased its position in Target by 46.7% during the third quarter. Dana Investment Advisors Inc. now owns 128,564 shares of the retailer’s stock valued at $29,412,000 after acquiring an additional 40,953 shares during the last quarter. Wealthspire Advisors LLC raised its stake in shares of Target by 59.9% in the third quarter. Wealthspire Advisors LLC now owns 13,562 shares of the retailer’s stock valued at $3,103,000 after acquiring an additional 5,078 shares during the period. London Co. of Virginia raised its stake in shares of Target by 2.6% in the third quarter. London Co. of Virginia now owns 1,694,201 shares of the retailer’s stock valued at $387,582,000 after acquiring an additional 42,365 shares during the period. Finally, Strategy Asset Managers LLC lifted its holdings in shares of Target by 10.5% in the 3rd quarter. Strategy Asset Managers LLC now owns 34,259 shares of the retailer’s stock worth $7,838,000 after acquiring an additional 3,244 shares during the last quarter. Institutional investors and hedge funds own 81.83% of the company’s stock.
About Target (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.
- Get a free copy of the StockNews.com research report on Target (TGT)
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