Target (NYSE:TGT) Given New $106.00 Price Target at Evercore ISI

Target (NYSE:TGT) had its price objective reduced by Evercore ISI from $108.00 to $106.00 in a research note released on Thursday,Benzinga reports. They currently have an in-line rating on the retailer’s stock.

Other research analysts also recently issued research reports about the company. Morgan Stanley lowered their price target on Target from $160.00 to $112.00 and set an “overweight” rating on the stock in a report on Thursday, May 22nd. Loop Capital set a $95.00 price target on Target in a report on Thursday, July 17th. Barclays reissued an “underweight” rating and set a $91.00 price objective on shares of Target in a research report on Monday, July 21st. Royal Bank Of Canada reduced their price objective on Target from $112.00 to $103.00 and set an “outperform” rating for the company in a research report on Thursday, May 22nd. Finally, Sanford C. Bernstein cut Target from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $97.00 to $82.00 in a research report on Monday, May 12th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $113.55.

Target Stock Performance

Shares of TGT stock opened at $97.0770 on Thursday. Target has a 1-year low of $87.35 and a 1-year high of $161.84. The company has a current ratio of 0.99, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $44.11 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 2.84 and a beta of 1.22. The stock’s fifty day simple moving average is $101.99 and its 200-day simple moving average is $104.11.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The business had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the previous year, the company posted $2.57 earnings per share. Target’s revenue for the quarter was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, sell-side analysts predict that Target will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.6%. The ex-dividend date is Wednesday, August 13th. Target’s dividend payout ratio (DPR) is 50.11%.

Insider Activity at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the sale, the insider directly owned 246,453 shares in the company, valued at approximately $23,703,849.54. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Institutional Trading of Target

Large investors have recently modified their holdings of the company. DSG Capital Advisors LLC boosted its holdings in shares of Target by 16.1% during the 1st quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer’s stock worth $16,347,000 after buying an additional 21,726 shares during the period. Viking Fund Management LLC boosted its holdings in shares of Target by 20.0% during the 1st quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer’s stock worth $6,262,000 after buying an additional 10,000 shares during the period. Correct Capital Wealth Management boosted its holdings in shares of Target by 44.7% during the 1st quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer’s stock worth $1,415,000 after buying an additional 4,189 shares during the period. Chapin Davis Inc. boosted its holdings in shares of Target by 64.7% during the 1st quarter. Chapin Davis Inc. now owns 8,507 shares of the retailer’s stock worth $888,000 after buying an additional 3,342 shares during the period. Finally, CMH Wealth Management LLC boosted its holdings in shares of Target by 31.5% during the 1st quarter. CMH Wealth Management LLC now owns 61,420 shares of the retailer’s stock worth $6,410,000 after buying an additional 14,719 shares during the period. 79.73% of the stock is owned by institutional investors.

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.