Target Co. (TGT) Given Consensus Rating of “Hold” by Brokerages

Shares of Target Co. (NYSE:TGT) have received an average rating of “Hold” from the twenty-eight analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $67.18.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $75.00 target price on shares of Target in a research note on Thursday, January 11th. Telsey Advisory Group reduced their target price on shares of Target from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, November 16th. Barclays set a $45.00 target price on shares of Target and gave the company a “sell” rating in a research note on Wednesday, November 15th. Finally, Vetr downgraded shares of Target from a “strong-buy” rating to a “buy” rating and set a $66.10 target price on the stock. in a research note on Wednesday, November 29th.

In related news, Director Roxanne S. Austin sold 4,705 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.61, for a total value of $294,580.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

A number of hedge funds have recently bought and sold shares of TGT. Heritage Trust Co increased its stake in Target by 129.7% in the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after buying an additional 1,000 shares during the period. SevenBridge Financial Group LLC grew its holdings in Target by 2,200.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after acquiring an additional 1,826 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in Target by 109.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after acquiring an additional 1,310 shares in the last quarter. Sandy Spring Bank grew its holdings in Target by 6.7% during the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock worth $155,000 after acquiring an additional 185 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV grew its holdings in Target by 4.7% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer’s stock worth $155,000 after acquiring an additional 132 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

Target (NYSE TGT) traded up $0.20 during trading on Friday, reaching $78.10. 7,808,136 shares of the company were exchanged, compared to its average volume of 7,230,000. The stock has a market capitalization of $42,450.00, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 4.05 and a beta of 0.63. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. Target has a 52 week low of $48.56 and a 52 week high of $78.17.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The company had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Target’s revenue was up 1.4% on a year-over-year basis. sell-side analysts anticipate that Target will post 4.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.18%. The ex-dividend date is Tuesday, February 20th. Target’s dividend payout ratio is presently 52.10%.

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About Target

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

Analyst Recommendations for Target (NYSE:TGT)

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