ValuEngine downgraded shares of Target Co. (NYSE:TGT) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

A number of other equities analysts have also weighed in on TGT. Sanford C. Bernstein initiated coverage on shares of Target in a research report on Monday, February 6th. They set an outperform rating and a $77.00 price target on the stock. Vetr lowered shares of Target from a strong-buy rating to a buy rating and set a $72.80 price target on the stock. in a research report on Thursday, February 9th. Susquehanna Bancshares Inc initiated coverage on shares of Target in a research report on Friday, February 10th. They set a neutral rating and a $70.00 price target on the stock. Zacks Investment Research upgraded shares of Target from a sell rating to a hold rating in a research report on Monday, February 20th. Finally, Cowen and Company restated a market perform rating and set a $75.00 price target on shares of Target in a research report on Tuesday, February 28th. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. Target presently has a consensus rating of Hold and an average target price of $65.49.

Shares of Target (NYSE TGT) traded down 0.009% during mid-day trading on Friday, hitting $55.515. 2,431,847 shares of the stock traded hands. The firm has a 50 day moving average of $55.55 and a 200 day moving average of $63.29. The company has a market cap of $30.63 billion, a P/E ratio of 11.376 and a beta of 0.63. Target has a 12 month low of $52.72 and a 12 month high of $79.33. Target also was the target of some unusual options trading activity on Friday. Investors purchased 4,604 put options on the stock. This represents an increase of approximately 183% compared to the average volume of 1,624 put options.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.30. Target had a net margin of 4.75% and a return on equity of 25.18%. The business had revenue of $16.02 billion for the quarter, compared to analyst estimates of $15.63 billion. During the same quarter last year, the business earned $1.29 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts anticipate that Target will post $4.24 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Wednesday, May 17th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.32%. The ex-dividend date is Monday, May 15th. Target’s payout ratio is currently 42.93%.

In other Target news, Director Donald R. Knauss bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were purchased at an average cost of $54.86 per share, with a total value of $548,600.00. Following the purchase, the director now directly owns 16,431 shares in the company, valued at $901,404.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the company. Cribstone Capital Management LLC increased its stake in shares of Target by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares during the last quarter. Reilly Financial Advisors LLC increased its stake in shares of Target by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares during the last quarter. Pinnacle Bank acquired a new stake in shares of Target during the first quarter valued at $123,000. Peoples Financial Services CORP. increased its stake in shares of Target by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of Target by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after buying an additional 204 shares during the last quarter. 88.53% of the stock is currently owned by hedge funds and other institutional investors.

About Target

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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