Target (NYSE:TGT) was upgraded by analysts at Wolfe Research from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, The Fly reports.
Other research analysts also recently issued reports about the stock. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Stifel Nicolaus reissued a “hold” rating and set a $75.00 price target on shares of Target in a research note on Thursday, January 11th. Citigroup reissued a “neutral” rating and set a $80.00 price target (down from $86.00) on shares of Target in a research note on Friday, February 16th. Vetr raised shares of Target from a “buy” rating to a “strong-buy” rating and set a $80.00 price target on the stock in a research note on Wednesday, March 21st. Finally, Robert W. Baird raised shares of Target from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $75.00 to $85.00 in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $74.20.
Target stock traded up $0.36 during mid-day trading on Monday, hitting $71.88. 1,019,989 shares of the company traded hands, compared to its average volume of 6,599,371. Target has a one year low of $48.56 and a one year high of $78.70. The firm has a market cap of $38,876.32, a PE ratio of 15.25, a PEG ratio of 3.01 and a beta of 0.73. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.95 and a quick ratio of 0.30.
In related news, insider Robert M. Harrison sold 8,557 shares of Target stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $76.74, for a total value of $656,664.18. Following the transaction, the insider now directly owns 13,288 shares of the company’s stock, valued at $1,019,721.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John J. Mulligan sold 118,373 shares of Target stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $69.37, for a total transaction of $8,211,535.01. Following the completion of the transaction, the insider now directly owns 195,906 shares in the company, valued at $13,589,999.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,930 shares of company stock worth $9,102,439. 0.20% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. SNS Financial Group LLC boosted its holdings in Target by 11.9% in the fourth quarter. SNS Financial Group LLC now owns 15,239 shares of the retailer’s stock valued at $994,000 after acquiring an additional 1,623 shares in the last quarter. Doliver Capital Advisors LP bought a new stake in shares of Target during the 4th quarter valued at $202,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Target by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 81,938 shares of the retailer’s stock valued at $5,346,000 after buying an additional 2,765 shares in the last quarter. Mutual of Omaha Bank Wealth Management boosted its holdings in shares of Target by 27.4% during the 4th quarter. Mutual of Omaha Bank Wealth Management now owns 22,843 shares of the retailer’s stock valued at $1,491,000 after buying an additional 4,913 shares in the last quarter. Finally, Zeke Capital Advisors LLC boosted its holdings in shares of Target by 11.8% during the 4th quarter. Zeke Capital Advisors LLC now owns 25,293 shares of the retailer’s stock valued at $1,650,000 after buying an additional 2,672 shares in the last quarter. Institutional investors and hedge funds own 87.02% of the company’s stock.
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Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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