Target Corporation (NYSE:TGT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Target Corporation (NYSE:TGT) have been given an average recommendation of “Hold” by the thirty-six ratings firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $102.6207.

A number of research firms have weighed in on TGT. Argus decreased their price target on shares of Target from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, December 1st. Truist Financial upped their price target on Target from $83.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. dropped their target price on shares of Target from $117.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. TD Cowen cut their price objective on Target from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, November 20th. Finally, Wolfe Research initiated coverage on Target in a report on Thursday, September 18th. They set an “underperform” rating and a $80.00 target price on the stock.

Institutional Trading of Target

A number of hedge funds have recently modified their holdings of TGT. WFA of San Diego LLC acquired a new position in Target during the 2nd quarter valued at about $25,000. Raleigh Capital Management Inc. raised its position in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares during the last quarter. Kozak & Associates Inc. lifted its stake in Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new position in Target during the 3rd quarter worth $27,000. Finally, Investment Research & Advisory Group Inc. bought a new stake in shares of Target in the 2nd quarter worth $29,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 3.1%

TGT opened at $99.54 on Monday. Target has a 1 year low of $83.44 and a 1 year high of $145.08. The firm has a 50 day moving average price of $92.65 and a 200 day moving average price of $95.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The company has a market cap of $45.07 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 10.83 and a beta of 1.13.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The firm had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Sell-side analysts expect that Target will post 8.69 earnings per share for the current year.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.