Target (NYSE:TGT) Now Covered by Analysts at Oppenheimer

Oppenheimer initiated coverage on shares of Target (NYSE:TGTGet Rating) in a research report released on Monday morning, The Fly reports. The brokerage issued an outperform rating on the retailer’s stock.

Several other brokerages also recently weighed in on TGT. Jefferies Financial Group raised shares of Target from a hold rating to a buy rating and upped their target price for the stock from $170.00 to $185.00 in a report on Tuesday, October 18th. Credit Suisse Group downgraded shares of Target from an outperform rating to a neutral rating and dropped their target price for the stock from $165.00 to $160.00 in a report on Tuesday, December 20th. Gordon Haskett cut shares of Target from a buy rating to a hold rating and set a $132.00 price target on the stock. in a research note on Wednesday, December 21st. The Goldman Sachs Group decreased their price target on shares of Target from $205.00 to $175.00 and set a buy rating on the stock in a research note on Thursday, November 17th. Finally, Telsey Advisory Group decreased their price target on shares of Target from $185.00 to $175.00 and set an outperform rating on the stock in a research note on Thursday, November 17th. Twelve equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $180.75.

Target Trading Up 1.5 %

Shares of TGT stock opened at $164.63 on Monday. Target has a 1 year low of $137.16 and a 1 year high of $254.87. The firm has a fifty day moving average price of $155.89 and a 200-day moving average price of $158.85. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.86 and a quick ratio of 0.14. The company has a market cap of $75.77 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.97 and a beta of 1.03.

Target (NYSE:TGTGet Rating) last issued its earnings results on Wednesday, November 16th. The retailer reported $1.54 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.61). The firm had revenue of $26.12 billion during the quarter, compared to the consensus estimate of $26.40 billion. Target had a return on equity of 30.51% and a net margin of 3.17%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.03 EPS. As a group, equities analysts predict that Target will post 5.54 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Wednesday, February 15th will be paid a dividend of $1.08 per share. The ex-dividend date is Tuesday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.62%. Target’s dividend payout ratio is presently 59.18%.

Hedge Funds Weigh In On Target

A number of hedge funds and other institutional investors have recently modified their holdings of TGT. Global Wealth Strategies & Associates bought a new position in shares of Target during the fourth quarter valued at approximately $27,000. Bell Investment Advisors Inc boosted its stake in shares of Target by 122.1% during the third quarter. Bell Investment Advisors Inc now owns 191 shares of the retailer’s stock valued at $28,000 after purchasing an additional 105 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake in shares of Target by 75.6% during the second quarter. HHM Wealth Advisors LLC now owns 209 shares of the retailer’s stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. Annapolis Financial Services LLC boosted its stake in shares of Target by 96.2% during the third quarter. Annapolis Financial Services LLC now owns 206 shares of the retailer’s stock valued at $30,000 after purchasing an additional 101 shares in the last quarter. Finally, MADDEN SECURITIES Corp bought a new position in shares of Target during the fourth quarter valued at approximately $30,000. 78.86% of the stock is currently owned by institutional investors.

About Target

(Get Rating)

Target Corp. engages in the operation and ownership of general merchandise stores. It offers food assortments including perishables, dry grocery, dairy, and frozen items. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.

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