Brokerages Set Target Co. (NYSE:TGT) PT at $132.37

Shares of Target Co. (NYSE:TGT) have been assigned an average rating of “Hold” from the thirty-four brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twenty-two have given a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $132.37.

Several research analysts have recently commented on TGT shares. KGI Securities set a $132.00 price target on Target in a research report on Wednesday, March 5th. DA Davidson dropped their price target on Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Wells Fargo & Company dropped their price target on shares of Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Finally, Oppenheimer dropped their price target on shares of Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th.

Target Trading Up 1.5 %

Shares of NYSE TGT opened at $96.71 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $105.58 and a two-hundred day simple moving average of $127.55. The firm has a market cap of $44.06 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. Target has a twelve month low of $87.35 and a twelve month high of $167.40.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Analysts expect that Target will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.63%. Target’s payout ratio is 50.56%.

Institutional Trading of Target

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kathmere Capital Management LLC raised its holdings in Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after buying an additional 73 shares during the period. Horrell Capital Management Inc. raised its holdings in Target by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after buying an additional 76 shares during the period. Fiducient Advisors LLC raised its holdings in Target by 4.6% in the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer’s stock valued at $240,000 after buying an additional 78 shares during the period. First PREMIER Bank raised its holdings in Target by 21.9% in the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock valued at $61,000 after buying an additional 80 shares during the period. Finally, Winch Advisory Services LLC raised its holdings in Target by 34.5% in the 4th quarter. Winch Advisory Services LLC now owns 320 shares of the retailer’s stock valued at $43,000 after buying an additional 82 shares during the period. 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.