Target (NYSE:TGT) Price Target Raised to $100.00

Target (NYSE:TGT) had its price objective raised by Evercore ISI from $95.00 to $100.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an in-line rating on the retailer’s stock.

Several other equities research analysts have also recently commented on TGT. JPMorgan Chase & Co. cut their price target on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft set a $108.00 price objective on shares of Target in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, January 21st. Guggenheim reissued a “buy” rating and set a $115.00 price target on shares of Target in a report on Monday, October 27th. Finally, Roth Mkm set a $88.00 price objective on Target in a report on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $103.21.

Target Stock Down 3.0%

Shares of NYSE:TGT opened at $110.72 on Tuesday. Target has a 1-year low of $83.44 and a 1-year high of $137.05. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. The stock has a market cap of $50.14 billion, a P/E ratio of 13.44, a P/E/G ratio of 11.70 and a beta of 1.14. The firm has a fifty day moving average price of $101.20 and a 200 day moving average price of $96.61.

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. Target had a net margin of 3.58% and a return on equity of 22.74%. The company had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. During the same period in the previous year, the business posted $1.85 earnings per share. Target’s quarterly revenue was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Sell-side analysts predict that Target will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be issued a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a yield of 4.1%. Target’s dividend payout ratio (DPR) is 55.34%.

Hedge Funds Weigh In On Target

Hedge funds have recently bought and sold shares of the company. Northern Financial Advisors Inc bought a new stake in shares of Target in the 2nd quarter valued at approximately $370,000. CWM LLC lifted its stake in Target by 41.5% during the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after purchasing an additional 11,378 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in Target by 3.5% in the second quarter. Yousif Capital Management LLC now owns 122,358 shares of the retailer’s stock worth $12,071,000 after purchasing an additional 4,110 shares during the period. Capital Management Associates Inc increased its stake in Target by 137.9% during the second quarter. Capital Management Associates Inc now owns 5,196 shares of the retailer’s stock valued at $513,000 after purchasing an additional 3,012 shares during the last quarter. Finally, Twelve Points Wealth Management LLC acquired a new stake in shares of Target during the third quarter worth $1,236,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

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.