Target (NYSE:TGT) Earns “Market Perform” Rating from Telsey Advisory Group

Target (NYSE:TGT)‘s stock had its “market perform” rating reaffirmed by equities researchers at Telsey Advisory Group in a report issued on Wednesday,Benzinga reports. They currently have a $110.00 price objective on the retailer’s stock. Telsey Advisory Group’s price target would suggest a potential downside of 2.34% from the company’s previous close.

Other analysts also recently issued reports about the company. Sanford C. Bernstein decreased their price target on Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. JPMorgan Chase & Co. reduced their price objective on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Evercore lifted their target price on Target from $95.00 to $100.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 3rd. TD Cowen cut their price target on shares of Target from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, November 20th. Finally, Mizuho decreased their price objective on shares of Target from $94.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $103.90.

Target Trading Down 1.7%

Shares of Target stock opened at $112.63 on Wednesday. The company has a market capitalization of $51.00 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 11.71 and a beta of 1.14. The stock has a fifty day simple moving average of $103.53 and a 200 day simple moving average of $96.91. Target has a 12-month low of $83.44 and a 12-month high of $131.70. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99.

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

Institutional Investors Weigh In On Target

Several institutional investors have recently made changes to their positions in TGT. CWM LLC increased its holdings in shares of Target by 41.5% in the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after buying an additional 11,378 shares during the last quarter. Twelve Points Wealth Management LLC bought a new position in shares of Target in the 3rd quarter valued at about $1,236,000. QVR LLC purchased a new position in Target in the second quarter worth about $11,014,000. NewSquare Capital LLC increased its stake in Target by 122.5% during the second quarter. NewSquare Capital LLC now owns 41,719 shares of the retailer’s stock worth $4,086,000 after acquiring an additional 22,968 shares during the last quarter. Finally, LJI Wealth Management LLC raised its position in Target by 446.4% during the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock valued at $2,138,000 after purchasing an additional 19,474 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

About Target

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.