A number of research firms have changed their ratings and price targets for Target (NYSE: TGT):

  • 8/27/2018 – Target had its price target raised by analysts at Citigroup Inc from $76.00 to $92.00. They now have a “neutral” rating on the stock.
  • 8/25/2018 – Target was given a new $90.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 8/25/2018 – Target was given a new $86.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 8/23/2018 – Target had its price target raised by analysts at Robert W. Baird from $90.00 to $100.00. They now have an “outperform” rating on the stock.
  • 8/23/2018 – Target was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating. They now have a $100.00 price target on the stock, up previously from $80.00.
  • 8/23/2018 – Target had its price target raised by analysts at UBS Group AG from $85.00 to $90.00. They now have a “neutral” rating on the stock.
  • 8/23/2018 – Target was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating.
  • 8/23/2018 – Target had its price target raised by analysts at Wells Fargo & Co from $72.00 to $90.00. They now have a “market perform” rating on the stock.
  • 8/23/2018 – Target had its price target raised by analysts at Stifel Nicolaus from $85.00 to $93.00. They now have a “hold” rating on the stock.
  • 8/23/2018 – Target had its price target raised by analysts at Barclays PLC from $70.00 to $90.00. They now have an “equal weight” rating on the stock.
  • 8/22/2018 – Target had its “hold” rating reaffirmed by analysts at Guggenheim. They wrote, “We remain NEUTRAL. Sales increased 7.0% to $17.55bn (vs. our $16.96bn est), on a stronger-than-expected 6.5% comp increase (vs. our +3.0%). The comp was led by a 6.4% increase in traffic, the strongest performance since Target began reporting the metric in 2008, and follows 4% growth in 1Q. Gains have been led by improvements in ‘frequency’ categories, particularly essentials (food/beverage accelerated for a 6th straight quarter), in addition to e-comm. Digital sales rose 41%, aided by a successful one-day sale event in July, and contributed 1.5% of the comp increase. Impressively, stores were responsible for the large majority of comp growth (4.9%). In 1H18, comps rose 4.8%; with trends remaining strong through the back-to-school period, we raise our forecast for to 2H to nearly 4% comps (from +LSD%).””
  • 8/22/2018 – Target was given a new $90.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.
  • 8/17/2018 – Target had its price target raised by analysts at UBS Group AG from $76.00 to $85.00. They now have a “neutral” rating on the stock.
  • 8/17/2018 – Target was given a new $102.00 price target on by analysts at Loop Capital. They now have a “hold” rating on the stock.
  • 8/7/2018 – Target was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $91.00 price target on the stock. According to Zacks, “Target is trying all means to rapidly adapt to the changing retail ecosystem. The company is deploying resources to enhance omni-channel capacities, come up with new brands, remodel or refurbish stores and expand same-day delivery options to expedite the shopping process. All these bode well for the stock that has outpaced the industry in the past three months and continued with its upbeat top-line performance in first-quarter fiscal 2018 as well. However, bottom line missed the consensus mark for the second quarter in row but managed to score year-over-year growth, despite rise in cost of sales and SG&A expenses. Analysts pointed that incremental investments, higher wages and rise in costs due to new fulfillment options may weigh on margins to an extent. Nevertheless, it is better to face short-term impediments in order to attain the long-term goals. Meanwhile, Target maintained its fiscal 2018 view, which looks quite encouraging.”
  • 7/25/2018 – Target was upgraded by analysts at Gordon Haskett from a “hold” rating to an “accumulate” rating.

TGT traded down $0.57 during midday trading on Thursday, hitting $88.08. 3,673,297 shares of the company were exchanged, compared to its average volume of 5,507,650. The company has a market capitalization of $46.74 billion, a PE ratio of 18.70, a PEG ratio of 2.46 and a beta of 0.69. Target Co. has a 1-year low of $54.04 and a 1-year high of $90.39. The company has a current ratio of 0.82, a quick ratio of 0.17 and a debt-to-equity ratio of 1.09.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 22nd. The retailer reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The firm had revenue of $17.78 billion for the quarter, compared to the consensus estimate of $17.33 billion. Target had a return on equity of 24.29% and a net margin of 4.19%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 EPS. equities research analysts predict that Target Co. will post 5.37 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in TGT. BlackRock Inc. lifted its stake in shares of Target by 5.3% in the 2nd quarter. BlackRock Inc. now owns 42,770,603 shares of the retailer’s stock valued at $3,255,697,000 after purchasing an additional 2,161,982 shares during the period. Bank of Montreal Can acquired a new position in shares of Target in the 2nd quarter valued at about $105,222,000. CIBC World Markets Inc. lifted its stake in shares of Target by 13,948.9% in the 1st quarter. CIBC World Markets Inc. now owns 811,322 shares of the retailer’s stock valued at $56,330,000 after purchasing an additional 805,547 shares during the period. Tyvor Capital LLC acquired a new position in shares of Target in the 2nd quarter valued at about $46,411,000. Finally, Chevy Chase Trust Holdings Inc. acquired a new position in shares of Target in the 2nd quarter valued at about $44,644,000. 83.58% of the stock is currently owned by hedge funds and other institutional investors.

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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