Target Corp. (NYSE:TGT) has been given a consensus recommendation of “Hold” by the twenty-nine ratings firms that are currently covering the firm. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $73.97.
A number of research firms have weighed in on TGT. Telsey Advisory Group dropped their price target on shares of Target Corp. from $88.00 to $82.00 and set an “outperform” rating for the company in a research report on Thursday, August 18th. Vetr upgraded shares of Target Corp. from a “hold” rating to a “buy” rating and set a $79.09 target price for the company in a research report on Monday, August 1st. Zacks Investment Research lowered shares of Target Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 15th. Piper Jaffray Cos. restated an “overweight” rating and set a $86.00 target price on shares of Target Corp. in a research report on Wednesday, August 17th. Finally, Cowen and Company restated an “outperform” rating and set a $75.00 target price (down previously from $81.00) on shares of Target Corp. in a research report on Wednesday, August 17th.
Shares of Target Corp. (NYSE:TGT) traded down 0.471% during midday trading on Monday, reaching $68.715. 1,353,940 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $69.37 and its 200-day moving average is $73.44. The stock has a market cap of $39.50 billion, a PE ratio of 12.716 and a beta of 0.68. 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 results on Wednesday, August 17th. The retailer reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.11. The business earned $16.20 billion during the quarter. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 earnings per share. On average, equities analysts expect that Target Corp. will post $4.95 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, November 14th. Target Corp.’s dividend payout ratio is currently 44.44%.
A number of hedge funds have recently added to or reduced their stakes in TGT. Edgar Lomax Co. VA boosted its stake in Target Corp. by 501.1% in the first quarter. Edgar Lomax Co. VA now owns 715,210 shares of the retailer’s stock worth $58,847,000 after buying an additional 596,230 shares during the period. Meritage Portfolio Management boosted its stake in Target Corp. by 37.2% in the second quarter. Meritage Portfolio Management now owns 190,926 shares of the retailer’s stock worth $13,330,000 after buying an additional 51,785 shares during the period. First Republic Investment Management Inc. boosted its stake in Target Corp. by 6.9% in the first quarter. First Republic Investment Management Inc. now owns 642,667 shares of the retailer’s stock worth $52,877,000 after buying an additional 41,235 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Target Corp. by 6.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,158,318 shares of the retailer’s stock worth $80,872,000 after buying an additional 69,809 shares during the period. Finally, Strs Ohio boosted its stake in Target Corp. by 4.8% in the second quarter. Strs Ohio now owns 522,392 shares of the retailer’s stock worth $36,473,000 after buying an additional 24,086 shares during the period. Institutional investors own 86.18% 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.
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