Target (NYSE:TGT) Price Target Raised to $157.00 at JPMorgan Chase & Co.

Target (NYSE:TGT) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $129.00 to $157.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 6.01% from the company’s current price.

TGT has been the topic of a number of other reports. Wall Street Zen raised Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $123.00 price objective on shares of Target in a research note on Friday, May 15th. KeyCorp restated a “sector weight” rating on shares of Target in a report on Thursday, May 21st. Royal Bank Of Canada lifted their target price on shares of Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, UBS Group raised their price target on shares of Target from $144.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $136.89.

Target Stock Performance

Shares of TGT stock traded up $1.01 during trading hours on Friday, hitting $148.09. The company’s stock had a trading volume of 905,405 shares, compared to its average volume of 5,435,463. Target has a 12-month low of $83.44 and a 12-month high of $150.07. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The stock has a market cap of $67.26 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.90 and a beta of 0.97. The company has a 50 day moving average of $134.57 and a 200 day moving average of $124.37.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The business had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter last year, the company earned $1.30 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts forecast that Target will post 8.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Target

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new stake in shares of Target in the second quarter valued at $831,466,000. Norges Bank acquired a new position in Target during the 4th quarter worth about $587,903,000. TOMS Capital Investment Management LP purchased a new position in Target during the 4th quarter valued at about $257,571,000. AQR Capital Management LLC boosted its holdings in Target by 243.8% during the 4th quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock valued at $280,563,000 after acquiring an additional 2,035,298 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Target by 6,639.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock valued at $186,992,000 after acquiring an additional 1,884,577 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.