Target (NYSE:TGT) Given a $120.00 Price Target by Cowen Analysts

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Cowen set a $120.00 price target on Target (NYSE:TGT) in a research report report published on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the retailer’s stock.

Other research analysts also recently issued research reports about the company. Credit Suisse Group set a $90.00 price target on Target and gave the stock a buy rating in a research note on Thursday, May 23rd. Morgan Stanley lifted their price target on Target from $76.00 to $107.00 and gave the stock an equal weight rating in a research note on Thursday. Bank of America lifted their price target on Target from $105.00 to $125.00 and gave the stock a buy rating in a research note on Thursday. Barclays set a $115.00 price target on Target and gave the stock a buy rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. set a $115.00 price target on Target and gave the stock a buy rating in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $101.92.

NYSE:TGT opened at $104.39 on Wednesday. The company has a market capitalization of $43.82 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61. The company has a quick ratio of 0.19, a current ratio of 0.88 and a debt-to-equity ratio of 1.21. Target has a 52-week low of $60.15 and a 52-week high of $106.52. The stock has a fifty day simple moving average of $86.54 and a 200-day simple moving average of $80.74.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.21. The business had revenue of $18.42 billion during the quarter, compared to the consensus estimate of $18.32 billion. Target had a return on equity of 26.48% and a net margin of 3.96%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 EPS. As a group, equities analysts anticipate that Target will post 5.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Tuesday, August 20th. This is a boost from Target’s previous quarterly dividend of $0.64. Target’s dividend payout ratio (DPR) is currently 48.98%.

In other Target news, Director Roxanne S. Austin sold 4,163 shares of Target stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $89.00, for a total value of $370,507.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Edward Mcnamara sold 11,891 shares of Target stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $88.79, for a total value of $1,055,801.89. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,421 shares of company stock valued at $2,162,689. 0.24% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TGT. Krane Funds Advisors LLC purchased a new stake in Target in the 2nd quarter valued at about $25,000. Advisory Alpha LLC purchased a new stake in Target in the 1st quarter valued at about $30,000. Icon Wealth Partners LLC acquired a new position in shares of Target in the 1st quarter valued at about $31,000. Larson Financial Group LLC acquired a new position in shares of Target in the 2nd quarter valued at about $31,000. Finally, C J Advisory Inc acquired a new position in shares of Target in the 1st quarter valued at about $33,000. Institutional investors own 82.12% of the company’s stock.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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