Target (NYSE:TGT) Given Neutral Rating at Roth Capital

Target (NYSE:TGT)‘s stock had its “neutral” rating reissued by equities researchers at Roth Capital in a report issued on Wednesday,Benzinga reports. They presently have a $90.00 price target on the retailer’s stock. Roth Capital’s price objective points to a potential upside of 5.11% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. BTIG Research began coverage on Target in a report on Tuesday, October 14th. They set a “neutral” rating on the stock. Wolfe Research started coverage on shares of Target in a research report on Thursday, September 18th. They set an “underperform” rating and a $80.00 target price on the stock. Zacks Research cut shares of Target from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Evercore ISI lowered their price objective on Target from $100.00 to $95.00 and set an “in-line” rating for the company in a research report on Monday. Finally, UBS Group reduced their price objective on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Nine analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Target has an average rating of “Hold” and a consensus target price of $107.52.

Target Price Performance

NYSE:TGT traded down $2.90 during trading hours on Wednesday, hitting $85.63. The company’s stock had a trading volume of 13,920,341 shares, compared to its average volume of 7,324,735. Target has a twelve month low of $85.36 and a twelve month high of $145.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The stock has a fifty day simple moving average of $90.43 and a 200-day simple moving average of $96.09. The company has a market capitalization of $38.91 billion, a P/E ratio of 9.99, a PEG ratio of 2.74 and a beta of 1.19.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The company had revenue of $25.28 billion for the quarter, compared to the consensus estimate of $25.44 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, analysts anticipate that Target will post 8.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Target

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares in the last quarter. IFP Advisors Inc raised its position in shares of Target by 233.6% during the 1st quarter. IFP Advisors Inc now owns 15,686 shares of the retailer’s stock valued at $1,637,000 after buying an additional 10,984 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Target by 158.1% in the 1st quarter. J.W. Cole Advisors Inc. now owns 16,895 shares of the retailer’s stock worth $1,763,000 after purchasing an additional 10,350 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in Target by 4.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 35,550 shares of the retailer’s stock valued at $3,710,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its position in shares of Target by 1.9% during the first quarter. Crestwood Advisors Group LLC now owns 11,932 shares of the retailer’s stock worth $1,245,000 after acquiring an additional 219 shares during the period. 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.