Target (NYSE:TGT) Stock Price Down 0.1% – Here’s Why

by · The Cerbat Gem

Shares of Target Co. (NYSE:TGT – Get Free Report) fell 0.1% during trading on Friday . The company traded as low as $129.35 and last traded at $130.30. 1,663,344 shares were traded during trading, a decline of 63% from the average session volume of 4,549,193 shares. The stock had previously closed at $130.43.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Evercore ISI reduced their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and issued a $165.00 price target on shares of Target in a report on Monday, November 25th. Roth Mkm dropped their price objective on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Stifel Nicolaus increased their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and decreased their target price for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.57.

Check Out Our Latest Report on Target

Target Stock Up 0.8 %

The company’s fifty day simple moving average is $142.44 and its 200-day simple moving average is $146.51. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market capitalization of $60.25 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17.

Target (NYSE:TGT – Get Free Report) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 earnings per share. On average, analysts forecast that Target Co. will post 8.6 EPS for the current year.

Insider Activity at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Target

Several hedge funds and other institutional investors have recently bought and sold shares of TGT. State Street Corp boosted its holdings in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after acquiring an additional 2,732,801 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after purchasing an additional 1,981,458 shares during the last quarter. Two Sigma Advisers LP grew its position in Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after purchasing an additional 1,502,200 shares during the period. FMR LLC raised its stake in shares of Target by 11.7% during the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Target by 711.2% in the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after buying an additional 768,479 shares during the period. 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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