Target Co. (NYSE:TGT) Given Average Recommendation of “Hold” by Analysts

Shares of Target Co. (NYSE:TGT) have been assigned a consensus recommendation of “Hold” from the thirty-three analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and eleven have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $132.37.

TGT has been the topic of a number of analyst reports. Bank of America dropped their price target on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Piper Sandler cut their price target on shares of Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Jefferies Financial Group reduced their price target on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Telsey Advisory Group lowered their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Finally, Roth Capital set a $122.00 target price on Target in a report on Wednesday, March 5th.

Institutional Trading of Target

Hedge funds have recently added to or reduced their stakes in the business. Invst LLC raised its stake in Target by 2.4% during the 3rd quarter. Invst LLC now owns 11,760 shares of the retailer’s stock valued at $1,833,000 after purchasing an additional 276 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of Target by 5.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer’s stock worth $257,000 after purchasing an additional 90 shares during the period. World Investment Advisors LLC raised its position in shares of Target by 142.5% during the third quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer’s stock valued at $1,026,000 after buying an additional 3,870 shares during the last quarter. Arvest Bank Trust Division bought a new stake in shares of Target in the third quarter valued at about $1,684,000. Finally, Wilmington Savings Fund Society FSB grew its position in Target by 331.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 14,387 shares of the retailer’s stock worth $2,242,000 after buying an additional 11,054 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.3 %

TGT stock opened at $94.07 on Wednesday. The firm has a market cap of $42.86 billion, a PE ratio of 9.98, a P/E/G ratio of 1.94 and a beta of 1.28. Target has a 12 month low of $87.35 and a 12 month high of $168.01. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a 50 day simple moving average of $107.61 and a 200 day simple moving average of $128.93.

Target (NYSE:TGT) last announced 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. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities research analysts forecast that Target will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

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.