Robert W. Baird Reaffirms “Outperform” Rating for Target (NYSE:TGT)

Robert W. Baird reiterated their outperform rating on shares of Target (NYSE:TGT) in a research note published on Thursday, Benzinga reports. Robert W. Baird currently has a $190.00 price objective on the retailer’s stock.

A number of other brokerages have also weighed in on TGT. Barclays raised their target price on shares of Target from $142.00 to $169.00 and gave the company an equal weight rating in a research report on Wednesday, March 6th. HSBC upgraded Target from a hold rating to a buy rating and boosted their price objective for the stock from $140.00 to $195.00 in a research report on Wednesday, March 6th. DA Davidson lifted their price target on Target from $167.00 to $195.00 and gave the company a buy rating in a research note on Wednesday, March 6th. TheStreet upgraded Target from a c+ rating to a b- rating in a report on Monday, March 4th. Finally, Truist Financial cut their target price on shares of Target from $160.00 to $153.00 and set a hold rating on the stock in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Target has an average rating of Moderate Buy and a consensus price target of $180.41.

Target Trading Up 0.6 %

Shares of TGT stock opened at $145.23 on Thursday. Target has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The stock’s fifty day moving average price is $164.92 and its two-hundred day moving average price is $149.85. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.29 and a current ratio of 0.86. The company has a market cap of $67.19 billion, a PE ratio of 16.30, a P/E/G ratio of 1.34 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.02). The business had revenue of $24.14 billion during the quarter, compared to analyst estimates of $24.52 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business earned $2.05 earnings per share. Equities analysts predict that Target will post 9.39 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.03%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is currently 49.38%.

Insider Transactions at Target

In related news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Target news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock valued at $8,819,598 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Godsey & Gibb Inc. lifted its position in Target by 148.6% in the 1st quarter. Godsey & Gibb Inc. now owns 174 shares of the retailer’s stock valued at $31,000 after acquiring an additional 104 shares in the last quarter. Washington Trust Advisors Inc. lifted its holdings in shares of Target by 56.1% in the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Retirement Group LLC boosted its position in shares of Target by 85.0% during the first quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock valued at $35,000 after buying an additional 91 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in Target during the fourth quarter worth $28,000. Finally, Private Wealth Management Group LLC purchased a new stake in Target in the 4th quarter valued at $29,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.