Citigroup Raises Target (NYSE:TGT) Price Target to $100.00

Target (NYSE:TGT) had its target price raised by Citigroup from $94.00 to $100.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the retailer’s stock. Citigroup’s target price indicates a potential upside of 1.02% from the company’s current price.

A number of other research firms have also commented on TGT. DA Davidson lowered their price target on shares of Target from $140.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, May 22nd. Loop Capital set a $95.00 price target on shares of Target in a report on Thursday, July 17th. Piper Sandler reiterated a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Barclays reiterated an “underweight” rating and set a $91.00 price target on shares of Target in a report on Monday, July 21st. Finally, Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $113.74.

Target Trading Up 2.0%

Shares of TGT opened at $98.9880 on Friday. The firm has a market cap of $44.98 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.99. Target has a fifty-two week low of $87.35 and a fifty-two week high of $161.84. The firm has a 50 day moving average price of $102.06 and a 200-day moving average price of $103.64.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period in the previous year, the business posted $2.57 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities research analysts forecast that Target will post 8.69 earnings per share for the current year.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 246,453 shares of the company’s stock, valued at $23,703,849.54. This represents a 15.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Institutional Trading of Target

Hedge funds and other institutional investors have recently modified their holdings of the business. Bernard Wealth Management Corp. purchased a new stake in shares of Target in the 4th quarter worth about $29,000. WFA of San Diego LLC purchased a new stake in shares of Target in the 2nd quarter worth about $25,000. Kozak & Associates Inc. grew its position in shares of Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after buying an additional 253 shares during the period. Raleigh Capital Management Inc. grew its position in shares of Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the period. Finally, Investment Research & Advisory Group Inc. purchased a new stake in shares of Target in the 2nd quarter worth about $29,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

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.