Target (NYSE:TGT) PT Raised to $142.00 at Citigroup

Target (NYSE:TGT) had its price objective upped by research analysts at Citigroup from $117.00 to $142.00 in a report released on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the retailer’s stock. Citigroup’s price objective would indicate a potential upside of 9.32% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Barclays cut their price target on Target from $163.00 to $142.00 and set an “equal weight” rating for the company in a research note on Friday, August 11th. Truist Financial cut their price target on Target from $133.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, October 5th. Bank of America upgraded Target from a “neutral” rating to a “buy” rating and boosted their price target for the company from $120.00 to $135.00 in a research note on Thursday, October 12th. JPMorgan Chase & Co. boosted their price target on Target from $113.00 to $125.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, The Goldman Sachs Group cut their price target on Target from $185.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, August 17th. Sixteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $154.39.

Target Stock Performance

TGT opened at $129.89 on Thursday. The business’s 50-day moving average price is $112.79 and its two-hundred day moving average price is $127.54. Target has a 1 year low of $102.93 and a 1 year high of $181.70. The company has a market capitalization of $59.96 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.45 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.86 and a quick ratio of 0.18.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 15th. The retailer reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.62. The business had revenue of $25 billion for the quarter, compared to the consensus estimate of $25.28 billion. Target had a return on equity of 30.69% and a net margin of 3.40%. Target’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. Equities analysts expect that Target will post 7.56 EPS for the current fiscal year.

Insider Buying and Selling at Target

In other Target news, insider Don H. Liu sold 16,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $130.00, for a total value of $2,080,000.00. Following the completion of the sale, the insider now owns 48,882 shares in the company, valued at approximately $6,354,660. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Target

Several large investors have recently modified their holdings of the stock. Diversified Trust Co grew its stake in Target by 53.9% in the 3rd quarter. Diversified Trust Co now owns 14,933 shares of the retailer’s stock valued at $1,651,000 after buying an additional 5,227 shares in the last quarter. OLD National Bancorp IN grew its stake in Target by 1.1% in the 3rd quarter. OLD National Bancorp IN now owns 94,682 shares of the retailer’s stock valued at $10,469,000 after buying an additional 1,061 shares in the last quarter. Resources Management Corp CT ADV boosted its holdings in Target by 12.8% in the 3rd quarter. Resources Management Corp CT ADV now owns 7,076 shares of the retailer’s stock valued at $782,000 after purchasing an additional 803 shares during the period. Revisor Wealth Management LLC bought a new position in Target in the 3rd quarter valued at $274,000. Finally, Orion Capital Management LLC bought a new position in Target in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 78.33% of the company’s stock.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.