Mizuho Lowers Target (NYSE:TGT) Price Target to $88.00

Target (NYSE:TGT) had its target price decreased by equities researchers at Mizuho from $94.00 to $88.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the retailer’s stock. Mizuho’s price objective points to a potential upside of 0.56% from the stock’s current price.

A number of other equities analysts have also commented on TGT. TD Cowen dropped their price target on Target from $105.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday. Royal Bank Of Canada dropped their price objective on shares of Target from $107.00 to $99.00 and set an “outperform” rating for the company in a research note on Thursday. UBS Group decreased their target price on shares of Target from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Ten research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.97.

Target Price Performance

Shares of NYSE:TGT opened at $87.51 on Thursday. The firm has a market cap of $39.76 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 2.74 and a beta of 1.19. The firm has a fifty day moving average price of $90.13 and a 200 day moving average price of $95.88. Target has a fifty-two week low of $83.44 and a fifty-two week high of $145.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping the consensus estimate of $1.71 by $0.07. The business had revenue of $25.28 billion for the quarter, compared to analysts’ expectations of $25.44 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, sell-side analysts expect that Target will post 8.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Target

Several hedge funds and other institutional investors have recently modified their holdings of TGT. WFA of San Diego LLC purchased a new position in Target during the 2nd quarter valued at $25,000. Raleigh Capital Management Inc. lifted its position in shares of Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares during the last quarter. Kozak & Associates Inc. boosted its stake in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares during the period. Heartwood Wealth Advisors LLC bought a new position in shares of Target in the third quarter worth about $27,000. Finally, Investment Research & Advisory Group Inc. purchased a new position in Target in the 2nd quarter worth about $29,000. 79.73% of the stock is currently 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.