Vetr upgraded shares of Target (NYSE:TGT) from a hold rating to a buy rating in a research report released on Tuesday morning. They currently have $75.42 price objective on the retailer’s stock.
A number of other equities analysts also recently commented on the company. Susquehanna Bancshares set a $95.00 price objective on Target and gave the stock a buy rating in a research report on Monday, March 5th. Credit Suisse Group assumed coverage on Target in a research report on Monday, March 5th. They set a buy rating and a $86.00 price objective for the company. Citigroup reissued a neutral rating and set a $80.00 price objective (down from $86.00) on shares of Target in a research report on Friday, February 16th. Robert W. Baird raised Target from a neutral rating to an outperform rating and upped their price target for the company from $75.00 to $85.00 in a report on Wednesday, February 14th. Finally, ValuEngine raised Target from a hold rating to a buy rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Target currently has a consensus rating of Hold and a consensus target price of $73.97.
Target (NYSE:TGT) opened at $70.49 on Tuesday. Target has a 52-week low of $48.56 and a 52-week high of $78.70. The company has a market capitalization of $38,720.00, a PE ratio of 15.06, a PEG ratio of 3.36 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.27 and a current ratio of 0.95.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Tuesday, February 20th. Target’s payout ratio is currently 52.99%.
In other news, insider Robert M. Harrison sold 8,557 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $76.74, for a total value of $656,664.18. Following the completion of the sale, the insider now directly owns 13,288 shares of the company’s stock, valued at $1,019,721.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie A. Lundquist sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the sale, the insider now directly owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The disclosure for this sale can be found here. Insiders sold 16,262 shares of company stock valued at $1,185,484 over the last three months. Corporate insiders own 0.25% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Heritage Trust Co boosted its holdings in shares of Target by 129.7% in the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after acquiring an additional 1,000 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Target by 128.6% in the fourth quarter. Westside Investment Management Inc. now owns 1,600 shares of the retailer’s stock valued at $107,000 after acquiring an additional 900 shares during the period. SevenBridge Financial Group LLC boosted its holdings in shares of Target by 2,200.0% in the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after acquiring an additional 1,826 shares during the period. Security Asset Management acquired a new stake in shares of Target in the fourth quarter valued at approximately $115,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of Target in the fourth quarter valued at approximately $124,000. 85.91% of the stock is owned by institutional investors and hedge funds.
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Target Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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