Barclays PLC Analysts Give Target Corporation (TGT) a $45.00 Price Target
A number of other analysts also recently weighed in on TGT. BidaskClub downgraded Target Corporation from a buy rating to a hold rating in a research report on Saturday, August 12th. Stifel Nicolaus lowered their price target on Target Corporation from $65.00 to $62.00 and set a hold rating for the company in a report on Thursday. Vetr cut Target Corporation from a buy rating to a hold rating and set a $59.67 price target for the company. in a report on Monday, August 7th. Gordon Haskett raised Target Corporation from a sell rating to a hold rating and boosted their price target for the stock from $47.00 to $58.00 in a report on Wednesday, August 16th. Finally, TheStreet raised Target Corporation from a c+ rating to a b rating in a report on Thursday, September 28th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $62.91.
Shares of Target Corporation (TGT) opened at $58.14 on Wednesday. The firm has a market capitalization of $30,100.00, a price-to-earnings ratio of 12.19, a PEG ratio of 5.38 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. Target Corporation has a 1 year low of $48.56 and a 1 year high of $79.33.
Target Corporation (NYSE:TGT) last released its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The firm had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. sell-side analysts anticipate that Target Corporation will post 4.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.27%. Target Corporation’s payout ratio is 52.10%.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in TGT. ZWJ Investment Counsel Inc. bought a new stake in shares of Target Corporation during the 1st quarter valued at about $248,000. Van ECK Associates Corp boosted its position in shares of Target Corporation by 8.8% during the 1st quarter. Van ECK Associates Corp now owns 70,682 shares of the retailer’s stock valued at $3,901,000 after purchasing an additional 5,714 shares in the last quarter. Massey Quick & Co. LLC bought a new stake in shares of Target Corporation during the 1st quarter valued at about $180,000. OppenheimerFunds Inc. boosted its position in shares of Target Corporation by 145.0% during the 1st quarter. OppenheimerFunds Inc. now owns 756,778 shares of the retailer’s stock valued at $41,766,000 after purchasing an additional 447,859 shares in the last quarter. Finally, TLP Group LLC bought a new stake in shares of Target Corporation during the 1st quarter valued at about $375,000. Institutional investors own 83.51% of the company’s stock.
Target Corporation Company Profile
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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