Vetr downgraded shares of Target Corp. (NYSE:TGT) from a strong-buy rating to a buy rating in a research note issued to investors on Monday. The brokerage currently has $74.42 price target on the retailer’s stock.

Other research analysts have also issued research reports about the company. Goldman Sachs Group Inc. restated a hold rating on shares of Target Corp. in a research report on Sunday, May 22nd. Telsey Advisory Group reduced their price objective on Target Corp. from $88.00 to $82.00 and set an outperform rating for the company in a research report on Thursday, August 18th. Zacks Investment Research lowered Target Corp. from a hold rating to a sell rating in a research report on Friday, July 15th. Cowen and Company restated an outperform rating and set a $75.00 price objective (down previously from $81.00) on shares of Target Corp. in a research report on Wednesday, August 17th. Finally, Piper Jaffray Cos. restated an overweight rating and set a $86.00 price objective on shares of Target Corp. in a research report on Wednesday, August 17th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $77.12.

Shares of Target Corp. (NYSE:TGT) opened at 69.47 on Monday. The firm has a 50-day moving average price of $71.25 and a 200 day moving average price of $74.54. The firm has a market cap of $39.93 billion, a price-to-earnings ratio of 12.86 and a beta of 0.68. Target Corp. has a 12-month low of $65.50 and a 12-month high of $84.14.

Target Corp. (NYSE:TGT) last issued its earnings results on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. The company earned $16.20 billion during the quarter. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. Target Corp.’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.22 EPS. On average, equities research analysts anticipate that Target Corp. will post $4.96 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 16th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.45%. Target Corp.’s dividend payout ratio (DPR) is presently 44.44%.

A number of large investors have recently added to or reduced their stakes in TGT. BlackRock Institutional Trust Company N.A. raised its stake in Target Corp. by 3.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 17,687,488 shares of the retailer’s stock worth $1,455,327,000 after buying an additional 603,599 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Target Corp. by 13.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,035,746 shares of the retailer’s stock worth $910,156,000 after buying an additional 1,545,167 shares during the period. Dodge & Cox raised its stake in Target Corp. by 12.9% in the second quarter. Dodge & Cox now owns 11,757,005 shares of the retailer’s stock worth $820,874,000 after buying an additional 1,341,678 shares during the period. BlackRock Fund Advisors raised its stake in Target Corp. by 2.4% in the second quarter. BlackRock Fund Advisors now owns 8,183,360 shares of the retailer’s stock worth $571,362,000 after buying an additional 189,882 shares during the period. Finally, BlackRock Group LTD raised its stake in Target Corp. by 3.9% in the second quarter. BlackRock Group LTD now owns 6,339,423 shares of the retailer’s stock worth $442,618,000 after buying an additional 236,371 shares during the period. Institutional investors and hedge funds own 86.19% of the company’s stock.

About Target Corp.

Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

5 Day Chart for NYSE:TGT

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