Target (TGT) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Target (NYSE: TGT):

  • 5/16/2018 – Target was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.
  • 5/16/2018 – Target was given a new $93.00 price target on by analysts at MKM Partners. They now have a “buy” rating on the stock.
  • 5/14/2018 – Target was given a new $86.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 5/14/2018 – Target was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 5/7/2018 – Target was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 4/16/2018 – Target was upgraded by analysts at Wolfe Research from an “underperform” rating to a “market perform” rating.
  • 3/21/2018 – Target was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $80.00 price target on the stock.

Shares of Target opened at $75.83 on Friday, MarketBeat reports. Target Co. has a fifty-two week low of $73.97 and a fifty-two week high of $75.64. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $40.32 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 2.72 and a beta of 0.71.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.02). Target had a net margin of 4.08% and a return on equity of 23.04%. The company had revenue of $22.77 billion during the quarter, compared to analyst estimates of $22.56 billion. During the same quarter in the prior year, the business earned $1.45 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. equities analysts anticipate that Target Co. will post 5.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 10th. Stockholders of record on Wednesday, May 16th will be issued a dividend of $0.62 per share. The ex-dividend date is Tuesday, May 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.27%. Target’s dividend payout ratio (DPR) is presently 52.65%.

In other news, insider John J. Mulligan sold 118,373 shares of Target stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $69.37, for a total transaction of $8,211,535.01. Following the transaction, the insider now owns 195,906 shares in the company, valued at $13,589,999.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Don H. Liu sold 2,735 shares of Target stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $75.00, for a total transaction of $205,125.00. Following the transaction, the insider now owns 62,210 shares in the company, valued at approximately $4,665,750. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of TGT. Lee Financial Co lifted its holdings in shares of Target by 168.7% during the first quarter. Lee Financial Co now owns 1,435 shares of the retailer’s stock worth $100,000 after purchasing an additional 901 shares during the period. Westside Investment Management Inc. raised its stake in Target by 128.6% during the fourth quarter. Westside Investment Management Inc. now owns 1,600 shares of the retailer’s stock worth $107,000 after buying an additional 900 shares during the last quarter. Signaturefd LLC bought a new position in Target during the first quarter worth $112,000. Security Asset Management bought a new position in Target during the fourth quarter worth $115,000. Finally, First Mercantile Trust Co. bought a new position in Target during the fourth quarter worth $124,000. Institutional investors own 88.98% of the company’s stock.

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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