Target (NYSE:TGT) had its price objective boosted by UBS Group from $86.00 to $103.00 in a research note released on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the retailer’s stock.
Other equities research analysts have also issued reports about the company. Sanford C. Bernstein reissued a mkt perform rating on shares of Target in a research report on Friday, May 3rd. Citigroup upgraded Target from a neutral rating to a buy rating and upped their price objective for the stock from $80.00 to $130.00 in a research note on Thursday. Bank of America upped their price objective on Target from $105.00 to $125.00 and gave the stock a buy rating in a research note on Thursday. JPMorgan Chase & Co. set a $115.00 price objective on Target and gave the stock a buy rating in a research note on Wednesday. Finally, Buckingham Research restated a buy rating and set a $117.00 price objective (up from $102.00) on shares of Target in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $101.92.
TGT stock opened at $104.39 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.19 and a debt-to-equity ratio of 1.21. The firm has a market cap of $43.82 billion, a P/E ratio of 19.37, a P/E/G ratio of 2.04 and a beta of 0.61. Target has a 12-month low of $60.15 and a 12-month high of $106.52. The stock’s 50 day simple moving average is $86.54 and its 200 day simple moving average is $80.74.
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 paid a dividend of $0.66 per share. This is an increase from Target’s previous quarterly dividend of $0.64. This represents a $2.64 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Tuesday, August 20th. Target’s dividend payout ratio is presently 48.98%.
In other news, insider Michael Edward Mcnamara sold 11,891 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $88.79, for a total value of $1,055,801.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 4,163 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $89.00, for a total value of $370,507.00. The disclosure for this sale can be found here. In the last three months, insiders sold 24,421 shares of company stock valued at $2,162,689. Company insiders own 0.24% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new position in shares of Target in the second quarter worth $25,000. Larson Financial Group LLC bought a new position in shares of Target in the second quarter worth $31,000. Phocas Financial Corp. bought a new position in shares of Target in the second quarter worth $329,000. Icon Wealth Partners LLC bought a new position in shares of Target in the first quarter worth $31,000. Finally, Advisory Alpha LLC bought a new position in shares of Target in the first quarter worth $30,000. 82.12% of the stock is owned by institutional investors.
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 décor products, electronics, toys, seasonal offerings, and other merchandise.
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