Target Corp. (TGT) Given a $72.00 Price Target by Jefferies Group Analysts
Other analysts also recently issued research reports about the stock. Vetr raised shares of Target Corp. from a hold rating to a buy rating and set a $75.70 price target for the company in a report on Monday, July 4th. Miller Tabak initiated coverage on shares of Target Corp. in a research note on Friday, July 29th. They issued a buy rating and a $87.00 price objective for the company. Citigroup Inc. reissued a buy rating and issued a $80.00 price objective on shares of Target Corp. in a research note on Thursday, August 18th. Deutsche Bank AG increased their price objective on shares of Target Corp. from $78.00 to $79.00 and gave the company a hold rating in a research note on Monday, August 15th. Finally, Nomura set a $75.00 price objective on shares of Target Corp. and gave the company a hold rating in a research note on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the stock. Target Corp. presently has a consensus rating of Hold and an average target price of $76.82.
Shares of Target Corp. (NYSE:TGT) traded down 0.95% during trading on Tuesday, hitting $68.00. 2,719,568 shares of the stock were exchanged. The firm’s 50 day moving average price is $69.69 and its 200-day moving average price is $73.61. Target Corp. has a 52 week low of $65.50 and a 52 week high of $84.14. The stock has a market cap of $39.09 billion, a P/E ratio of 12.58 and a beta of 0.68.
Target Corp. (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.11. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The company earned $16.20 billion during the quarter. During the same period last year, the company posted $1.22 EPS. The business’s revenue was down 7.2% on a year-over-year basis. On average, analysts predict that Target Corp. will post $4.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 3.50%. Target Corp.’s payout ratio is 44.44%.
Several institutional investors have recently bought and sold shares of the company. Johanson Financial Advisors Inc. increased its position in Target Corp. by 0.4% in the second quarter. Johanson Financial Advisors Inc. now owns 4,733 shares of the retailer’s stock valued at $329,000 after buying an additional 17 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its position in Target Corp. by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,985 shares of the retailer’s stock valued at $208,000 after buying an additional 24 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Target Corp. by 1.9% in the second quarter. Loomis Sayles & Co. L P now owns 2,201 shares of the retailer’s stock valued at $154,000 after buying an additional 42 shares during the last quarter. Patten & Patten Inc. TN boosted its position in shares of Target Corp. by 1.2% in the second quarter. Patten & Patten Inc. TN now owns 3,518 shares of the retailer’s stock valued at $246,000 after buying an additional 43 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. boosted its position in shares of Target Corp. by 1.3% in the first quarter. Canandaigua National Bank & Trust Co. now owns 3,841 shares of the retailer’s stock valued at $316,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 86.19% of the company’s stock.
Target Corp. Company Profile
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.
Receive News & Ratings for Target Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corp. and related companies with MarketBeat.com's FREE daily email newsletter.