Target (NYSE:TGT) Cut to Hold at StockNews.com

Target (NYSE:TGT) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

A number of other equities analysts have also commented on TGT. JPMorgan Chase & Co. dropped their price objective on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Baird R W lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Bank of America dropped their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. UBS Group lowered their price objective on shares of Target from $170.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, DA Davidson decreased their price objective on Target from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $132.37.

Target Trading Up 0.8 %

Shares of NYSE TGT opened at $93.85 on Tuesday. The stock’s 50 day moving average price is $108.31 and its two-hundred day moving average price is $129.18. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target has a 52-week low of $87.35 and a 52-week high of $169.09. The stock has a market capitalization of $42.76 billion, a P/E ratio of 9.95, a PEG ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. On average, analysts anticipate that Target will post 8.69 earnings per share for the current fiscal year.

Institutional Trading of Target

Several hedge funds have recently modified their holdings of the business. Hopwood Financial Services Inc. acquired a new position in shares of Target in the fourth quarter valued at approximately $29,000. Bernard Wealth Management Corp. acquired a new stake in shares of Target during the 4th quarter valued at approximately $29,000. MCF Advisors LLC grew its holdings in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC raised its position in shares of Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after buying an additional 85 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

About Target

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.