BMO Capital Markets Has Lowered Expectations for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its price target lowered by investment analysts at BMO Capital Markets from $100.00 to $95.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the retailer’s stock. BMO Capital Markets’ price target points to a potential upside of 0.74% from the company’s previous close.

A number of other analysts also recently issued reports on TGT. Stifel Nicolaus decreased their target price on Target from $130.00 to $120.00 and set a “hold” rating for the company in a research report on Thursday, March 20th. Roth Capital set a $122.00 target price on Target in a research report on Wednesday, March 5th. Morgan Stanley decreased their target price on Target from $160.00 to $112.00 and set an “overweight” rating for the company in a research report on Thursday. Truist Financial raised their target price on Target from $82.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, DA Davidson decreased their target price on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Target has an average rating of “Hold” and a consensus target price of $117.97.

Target Stock Performance

Shares of Target stock opened at $94.30 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $97.28 and its 200 day simple moving average is $120.16. Target has a 12 month low of $87.35 and a 12 month high of $167.40. The firm has a market capitalization of $42.85 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.35). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $24.20 billion during the quarter, compared to analysts’ expectations of $24.54 billion. During the same period in the prior year, the business earned $2.03 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts anticipate that Target will post 8.69 EPS for the current year.

Institutional Investors Weigh In On Target

Several institutional investors have recently bought and sold shares of the stock. Mattson Financial Services LLC boosted its holdings in Target by 49.8% during the 1st quarter. Mattson Financial Services LLC now owns 28,585 shares of the retailer’s stock valued at $2,983,000 after acquiring an additional 9,501 shares during the period. Acadian Asset Management LLC boosted its holdings in Target by 0.7% during the 1st quarter. Acadian Asset Management LLC now owns 135,974 shares of the retailer’s stock valued at $14,183,000 after acquiring an additional 909 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Target by 119.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,398 shares of the retailer’s stock valued at $459,000 after acquiring an additional 2,396 shares during the period. Intech Investment Management LLC boosted its holdings in Target by 38.8% during the 1st quarter. Intech Investment Management LLC now owns 100,917 shares of the retailer’s stock valued at $10,532,000 after acquiring an additional 28,214 shares during the period. Finally, Focus Partners Wealth boosted its holdings in Target by 0.9% during the 1st quarter. Focus Partners Wealth now owns 95,879 shares of the retailer’s stock valued at $10,006,000 after acquiring an additional 818 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

About Target

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.