Target (NYSE:TGT) Now Covered by Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Target (NYSE:TGT) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the retailer’s stock.

Other research analysts have also issued research reports about the company. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Robert W. Baird dropped their price target on shares of Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Target in a research report on Monday, October 27th. Piper Sandler reissued a “neutral” rating and set a $85.00 target price (down previously from $94.00) on shares of Target in a research report on Thursday, November 20th. Finally, Sanford C. Bernstein reduced their price target on shares of Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $102.66.

Target Stock Up 3.1%

Target stock traded up $3.25 during midday trading on Thursday, reaching $106.92. The stock had a trading volume of 2,105,984 shares, compared to its average volume of 5,717,074. The company has a fifty day moving average price of $93.53 and a two-hundred day moving average price of $95.69. The company has a market capitalization of $48.42 billion, a P/E ratio of 12.97, a PEG ratio of 11.35 and a beta of 1.12. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. Target has a 12 month low of $83.44 and a 12 month high of $145.08.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The firm had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, equities analysts expect that Target will post 8.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Target

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Target by 14.7% during the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after acquiring an additional 6,607,982 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Target in the 2nd quarter valued at $595,839,000. Norges Bank bought a new stake in Target in the second quarter worth $578,009,000. State Street Corp boosted its position in Target by 4.3% during the second quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after buying an additional 1,529,026 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Target by 133.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock valued at $219,376,000 after buying an additional 1,273,129 shares during the period. 79.73% of the stock is currently owned by institutional investors.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.