Shares of Target Co. (NYSE:TGT) have received an average rating of “Hold” from the thirty-one ratings firms that are currently covering the firm. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $64.87.
Several research firms have issued reports on TGT. UBS Group AG reaffirmed a “neutral” rating and set a $72.00 price objective on shares of Target in a report on Tuesday, February 28th. Cowen and Company reiterated a “market perform” rating and set a $75.00 target price on shares of Target in a research report on Tuesday, February 28th. Susquehanna Bancshares Inc initiated coverage on shares of Target in a research report on Friday, February 10th. They set a “neutral” rating and a $70.00 target price for the company. Vetr cut shares of Target from a “strong-buy” rating to a “buy” rating and set a $72.80 target price for the company. in a research report on Thursday, February 9th. Finally, Zacks Investment Research upgraded shares of Target from a “sell” rating to a “hold” rating in a research report on Monday, February 20th.
In other news, insider Don H. Liu bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was acquired at an average cost of $58.20 per share, for a total transaction of $116,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cathy R. Smith bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was purchased at an average price of $58.95 per share, with a total value of $294,750.00. The disclosure for this purchase can be found here. Insiders purchased a total of 19,000 shares of company stock valued at $1,073,750 over the last quarter. 0.25% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Cribstone Capital Management LLC increased its stake in shares of Target by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares during the period. First National Bank Sioux Falls increased its stake in shares of Target by 18.5% in the third quarter. First National Bank Sioux Falls now owns 1,603 shares of the retailer’s stock valued at $110,000 after buying an additional 250 shares during the period. Reilly Financial Advisors LLC increased its stake in shares of Target by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares during the period. Pinnacle Bank bought a new stake in shares of Target during the first quarter valued at about $123,000. Finally, Peoples Financial Services CORP. increased its stake in shares of Target by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares during the period. Institutional investors and hedge funds own 88.53% of the company’s stock.
Target (NYSE:TGT) opened at 55.99 on Monday. The company’s 50 day moving average price is $55.18 and its 200-day moving average price is $64.23. The stock has a market cap of $30.89 billion, a price-to-earnings ratio of 11.47 and a beta of 0.63. Target has a 12-month low of $52.72 and a 12-month high of $79.33.
Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.30. Target had a return on equity of 25.18% and a net margin of 4.75%. The firm had revenue of $16.02 billion for the quarter, compared to the consensus estimate of $15.63 billion. During the same quarter in the prior year, the business earned $1.29 EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts forecast that Target will post $4.22 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Wednesday, May 17th will be paid a $0.60 dividend. The ex-dividend date is Monday, May 15th. This represents a $2.40 annualized dividend and a yield of 4.30%. Target’s dividend payout ratio (DPR) is currently 42.93%.
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.
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