Target Corporation (TGT) Stock Rating Reaffirmed by BMO Capital Markets
Target Corporation (NYSE:TGT)‘s stock had its “market weight” rating reaffirmed by investment analysts at BMO Capital Markets in a note issued to investors on Thursday.
A number of other brokerages have also commented on TGT. Vetr lowered Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective for the company. in a research report on Monday, August 7th. BidaskClub upgraded Target Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. MKM Partners lifted their price objective on Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 price objective (up from $56.00) on shares of Target Corporation in a research report on Friday, May 19th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $59.00 price objective (up from $55.00) on shares of Target Corporation in a research report on Friday, May 19th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Target Corporation presently has a consensus rating of “Hold” and a consensus target price of $61.64.
Shares of Target Corporation (TGT) opened at 59.96 on Thursday. The firm has a market capitalization of $32.75 billion, a P/E ratio of 12.12 and a beta of 0.60. Target Corporation has a one year low of $48.56 and a one year high of $79.33. The firm has a 50-day moving average of $56.66 and a 200-day moving average of $55.03.
Target Corporation (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion during the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $1.23 earnings per share. On average, equities analysts predict that Target Corporation will post $4.51 earnings per share for the current fiscal year.
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In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGT. Parallel Advisors LLC lifted its stake in Target Corporation by 23.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after acquiring an additional 399 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Target Corporation by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after acquiring an additional 204 shares in the last quarter. Davidson Investment Advisors lifted its stake in Target Corporation by 18.5% in the 1st quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock valued at $141,000 after acquiring an additional 400 shares in the last quarter. Kistler Tiffany Companies LLC lifted its stake in Target Corporation by 19.1% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock valued at $145,000 after acquiring an additional 445 shares in the last quarter. Finally, Sandy Spring Bank lifted its stake in Target Corporation by 6.7% in the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock valued at $155,000 after acquiring an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.
About Target Corporation
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.
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