MKM Partners Analysts Give Target (TGT) a $77.00 Price Target
Target (NYSE:TGT) received a $77.00 target price from analysts at MKM Partners in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the retailer’s stock. MKM Partners’ price target points to a potential upside of 22.87% from the stock’s previous close.
Several other equities research analysts also recently commented on the stock. Moffett Nathanson began coverage on shares of Target in a research report on Monday, December 4th. They set a “neutral” rating on the stock. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Vetr downgraded shares of Target from a “strong-buy” rating to a “buy” rating and set a $66.10 target price on the stock. in a research report on Wednesday, November 29th. Barclays set a $45.00 target price on shares of Target and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Finally, Morgan Stanley cut their target price on shares of Target from $52.00 to $50.00 and set an “underweight” rating on the stock in a research report on Thursday, November 16th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the stock. Target presently has a consensus rating of “Hold” and an average price target of $62.42.
Target (TGT) traded up $1.65 during trading hours on Thursday, reaching $62.67. 7,998,100 shares of the company traded hands, compared to its average volume of 7,380,806. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. Target has a twelve month low of $48.56 and a twelve month high of $78.37. The firm has a market cap of $33,163.37, a P/E ratio of 12.71, a PEG ratio of 7.54 and a beta of 0.64.
Target (NYSE:TGT) last posted its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The business had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same period last year, the company earned $1.04 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. equities analysts predict that Target will post 4.54 earnings per share for the current fiscal year.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Heritage Trust Co increased its stake in Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after purchasing an additional 1,000 shares in the last quarter. SevenBridge Financial Group LLC increased its stake in Target by 2,200.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after purchasing an additional 1,826 shares in the last quarter. Parallel Advisors LLC increased its stake in Target by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares in the last quarter. Jacobi Capital Management LLC increased its stake in Target by 109.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Kistler Tiffany Companies LLC increased its stake in Target by 19.1% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock valued at $145,000 after purchasing an additional 445 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.
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Target 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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