UBS Group Cuts Target (NYSE:TGT) Price Target to $205.00

Target (NYSE:TGTGet Rating) had its target price decreased by analysts at UBS Group from $225.00 to $205.00 in a research report issued on Wednesday, Briefing.com reports. The brokerage currently has a “buy” rating on the retailer’s stock. UBS Group’s price target suggests a potential upside of 31.43% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of Target from $252.00 to $168.00 and set a “hold” rating on the stock in a research note on Thursday, May 19th. 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 note on Thursday, May 19th. Raymond James reduced their price objective on shares of Target from $205.00 to $190.00 and set a “strong-buy” rating on the stock in a research note on Wednesday. StockNews.com cut shares of Target from a “buy” rating to a “hold” rating in a research report on Saturday, May 28th. Finally, MKM Partners reduced their price target on shares of Target from $253.00 to $180.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. Ten investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Target currently has an average rating of “Buy” and an average price target of $208.00.

TGT opened at $155.98 on Wednesday. Target has a one year low of $145.51 and a one year high of $268.98. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.87 and a quick ratio of 0.14. The company’s 50 day simple moving average is $207.74 and its 200-day simple moving average is $217.35. The stock has a market capitalization of $72.33 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96.

Target (NYSE:TGTGet Rating) last released its quarterly earnings results on Wednesday, May 18th. The retailer reported $2.19 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.88). Target had a net margin of 5.48% and a return on equity of 44.75%. The company had revenue of $24.83 billion for the quarter, compared to the consensus estimate of $24.48 billion. During the same period last year, the company earned $3.69 earnings per share. Target’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Target will post 11.08 EPS for the current year.

In other news, CAO Robert M. Harrison sold 2,080 shares of the business’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $217.87, for a total transaction of $453,169.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian C. Cornell sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $216.35, for a total transaction of $6,490,500.00. The disclosure for this sale can be found here. Insiders sold a total of 99,363 shares of company stock worth $21,970,253 over the last quarter. Company insiders own 0.29% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Landmark Wealth Management LLC bought a new stake in shares of Target during the 1st quarter worth about $25,000. Blume Capital Management Inc. acquired a new position in shares of Target in the 1st quarter valued at approximately $25,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of Target in the 4th quarter valued at approximately $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Target in the 4th quarter valued at approximately $28,000. Finally, Founders Capital Management acquired a new position in shares of Target in the 4th quarter valued at approximately $29,000. Institutional investors 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 d├ęcor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

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