Several other research analysts have also recently weighed in on the company. Nomura set a $75.00 price objective on Target Corp. and gave the stock a hold rating in a research report on Friday. Jefferies Group set a $72.00 price objective on Target Corp. and gave the stock a hold rating in a research report on Tuesday. Vetr upgraded Target Corp. from a sell rating to a hold rating and set a $68.37 price objective on the stock in a research report on Tuesday. Guggenheim began coverage on Target Corp. in a report on Friday, September 30th. They set a neutral rating on the stock. Finally, Barclays PLC reissued an underweight rating and set a $60.00 target price on shares of Target Corp. in a report on Friday, September 23rd. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the company. The company has an average rating of Hold and an average target price of $74.49.
Target Corp. (NYSE:TGT) opened at 69.04 on Friday. The company has a market capitalization of $39.68 billion, a PE ratio of 12.78 and a beta of 0.68. The company has a 50 day moving average price of $69.36 and a 200-day moving average price of $73.44. Target Corp. has a 12-month low of $65.50 and a 12-month high of $84.14.
Target Corp. (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.11. The firm had revenue of $16.20 billion for the quarter. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 EPS. On average, analysts anticipate that Target Corp. will post $4.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 3.48%. Target Corp.’s dividend payout ratio is 44.44%.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. boosted its position in shares of Target Corp. by 3.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 17,687,488 shares of the retailer’s stock valued at $1,455,327,000 after buying an additional 603,599 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Target Corp. by 0.7% in the first quarter. BlackRock Fund Advisors now owns 7,993,478 shares of the retailer’s stock valued at $657,703,000 after buying an additional 54,257 shares during the last quarter. Insight Capital Research & Management Inc. bought a new position in shares of Target Corp. during the first quarter valued at about $3,636,000. BlackRock Group LTD boosted its position in shares of Target Corp. by 13.2% in the first quarter. BlackRock Group LTD now owns 6,103,052 shares of the retailer’s stock valued at $502,158,000 after buying an additional 710,847 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Target Corp. by 7.5% in the first quarter. BlackRock Inc. now owns 1,855,725 shares of the retailer’s stock valued at $152,690,000 after buying an additional 129,227 shares during the last quarter. Hedge funds and other institutional investors own 86.19% of the company’s stock.
About Target Corp.
Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.
Receive News & Ratings for Target Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corp. and related companies with MarketBeat.com's FREE daily email newsletter.