Target (NYSE:TGT) Given New $133.00 Price Target at Citigroup

by · The Markets Daily

Target (NYSE:TGT – Get Free Report) had its target price hoisted by Citigroup from $130.00 to $133.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the retailer’s stock. Citigroup’s price target points to a potential upside of 1.23% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. Stifel Nicolaus upped their price target on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company lowered their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Roth Mkm reduced their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Target in a research report on Friday. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Target has an average rating of “Hold” and a consensus price target of $158.23.

View Our Latest Research Report on TGT

Target Stock Down 1.4 %

Shares of TGT traded down $1.86 during midday trading on Friday, hitting $131.39. The company had a trading volume of 4,214,783 shares, compared to its average volume of 5,074,351. The company’s 50-day simple moving average is $136.81 and its 200-day simple moving average is $145.31. The firm has a market capitalization of $60.20 billion, a P/E ratio of 13.94, a P/E/G ratio of 2.32 and a beta of 1.16. Target has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT – Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $2.10 earnings per share. As a group, sell-side analysts expect that Target will post 8.6 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Janney Capital Management LLC raised its stake in shares of Target by 20.0% in the 4th quarter. Janney Capital Management LLC now owns 104,324 shares of the retailer’s stock worth $14,103,000 after buying an additional 17,373 shares in the last quarter. Daymark Wealth Partners LLC grew its holdings in Target by 8.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 67,162 shares of the retailer’s stock worth $9,079,000 after acquiring an additional 5,228 shares during the period. Viking Fund Management LLC raised its position in Target by 11.1% in the fourth quarter. Viking Fund Management LLC now owns 50,000 shares of the retailer’s stock worth $6,759,000 after acquiring an additional 5,000 shares in the last quarter. Advisory Alpha LLC acquired a new position in shares of Target in the 4th quarter worth approximately $277,000. Finally, XML Financial LLC raised its holdings in shares of Target by 20.9% in the 4th quarter. XML Financial LLC now owns 3,026 shares of the retailer’s stock worth $409,000 after purchasing an additional 523 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Company Profile

(Get Free Report)

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.

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