Target Corp. (NYSE:TGT) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued to investors on Monday. The firm currently has a $77.48 target price on the retailer’s stock. Vetr‘s price objective suggests a potential downside of 1.19% from the stock’s previous close.

Several other research firms have also commented on TGT. Credit Suisse Group AG initiated coverage on shares of Target Corp. in a research report on Friday, September 16th. They issued a “neutral” rating and a $65.00 price objective on the stock. MKM Partners reiterated a “neutral” rating and issued a $78.00 price objective (up from $73.00) on shares of Target Corp. in a research report on Tuesday, August 16th. Nomura set a $75.00 price objective on shares of Target Corp. and gave the stock a “hold” rating in a research report on Thursday, August 18th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $79.00 price objective on shares of Target Corp. in a research report on Thursday, November 17th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $86.00 price objective on shares of Target Corp. in a research report on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $75.02.

Analyst Recommendations for Target Corp. (NYSE:TGT)

Shares of Target Corp. (NYSE:TGT) opened at 78.41 on Monday. The firm’s 50 day moving average is $70.47 and its 200-day moving average is $70.54. The firm has a market capitalization of $44.20 billion, a PE ratio of 13.95 and a beta of 0.59. 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, November 16th. The retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. The company had revenue of $16.44 billion for the quarter, compared to analyst estimates of $16.30 billion. Target Corp. had a net margin of 4.75% and a return on equity of 25.18%. The business’s revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. On average, analysts expect that Target Corp. will post $5.20 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 16th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.06%. The ex-dividend date is Monday, November 14th. Target Corp.’s dividend payout ratio (DPR) is presently 42.93%.

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In related news, Director Anne M. Mulcahy sold 3,957 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $75.45, for a total transaction of $298,555.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Meritage Portfolio Management boosted its position in shares of Target Corp. by 37.2% in the second quarter. Meritage Portfolio Management now owns 190,926 shares of the retailer’s stock valued at $13,330,000 after buying an additional 51,785 shares during the period. Polaris Greystone Financial Group LLC boosted its position in shares of Target Corp. by 19.4% in the second quarter. Polaris Greystone Financial Group LLC now owns 205,219 shares of the retailer’s stock valued at $14,328,000 after buying an additional 33,308 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Target Corp. by 6.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,158,318 shares of the retailer’s stock valued at $80,872,000 after buying an additional 69,809 shares during the period. Huntington National Bank boosted its position in shares of Target Corp. by 30.3% in the second quarter. Huntington National Bank now owns 192,968 shares of the retailer’s stock valued at $13,472,000 after buying an additional 44,895 shares during the period. Finally, PGGM Investments boosted its position in shares of Target Corp. by 16.7% in the second quarter. PGGM Investments now owns 857,483 shares of the retailer’s stock valued at $59,869,000 after buying an additional 122,414 shares during the period. Hedge funds and other institutional investors own 84.76% 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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