Target Co. (NYSE:TGT) Receives $132.37 Consensus PT from Analysts

by · The Markets Daily

Target Co. (NYSE:TGT – Get Free Report) has received an average rating of “Hold” from the thirty-four research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twenty-two have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $132.37.

A number of equities research analysts have recently weighed in on TGT shares. The Goldman Sachs Group lowered shares of Target from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $142.00 to $101.00 in a report on Wednesday, April 16th. Citigroup decreased their price objective on shares of Target from $120.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Bank of America decreased their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Jefferies Financial Group decreased their price objective on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th.

Read Our Latest Report on TGT

Target Stock Up 1.5 %

Shares of NYSE:TGT opened at $96.71 on Wednesday. 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 $44.06 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The firm’s 50-day moving average is $105.58 and its two-hundred day moving average is $127.55. Target has a 1 year low of $87.35 and a 1 year high of $167.40.

Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Analysts predict that Target will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is 50.56%.

Institutional Trading of Target

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. boosted its holdings in shares of Target by 17.0% during the first quarter. Mather Group LLC. now owns 113,674 shares of the retailer’s stock worth $11,863,000 after purchasing an additional 16,496 shares during the last quarter. Alta Advisers Ltd grew its position in shares of Target by 58.8% in the first quarter. Alta Advisers Ltd now owns 2,431 shares of the retailer’s stock valued at $254,000 after purchasing an additional 900 shares during the period. Deseret Mutual Benefit Administrators grew its position in shares of Target by 3.5% in the first quarter. Deseret Mutual Benefit Administrators now owns 8,177 shares of the retailer’s stock valued at $853,000 after purchasing an additional 273 shares during the period. DSG Capital Advisors LLC grew its position in shares of Target by 16.1% in the first quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer’s stock valued at $16,347,000 after purchasing an additional 21,726 shares during the period. Finally, Insight Inv LLC grew its position in shares of Target by 1.7% in the first quarter. Insight Inv LLC now owns 12,091 shares of the retailer’s stock valued at $1,262,000 after purchasing an additional 198 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

About Target

(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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