Research Analysts’ Weekly Ratings Updates for Target (TGT)

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

• 11/26/2024 – Target was downgraded by analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating. They now have a $130.00 price target on the stock, down previously from $170.00.
• 11/26/2024 – Target was downgraded by analysts at Daiwa America from a “strong-buy” rating to a “hold” rating.
• 11/25/2024 – Target had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $165.00 price target on the stock.
• 11/21/2024 – Target had its price target lowered by analysts at JPMorgan Chase & Co. from $167.00 to $139.00. They now have a “neutral” rating on the stock.
• 11/21/2024 – Target had its price target lowered by analysts at Piper Sandler from $156.00 to $130.00. They now have a “neutral” rating on the stock.
• 11/21/2024 – Target had its price target lowered by analysts at Roth Mkm from $157.00 to $131.00. They now have a “neutral” rating on the stock.
• 11/21/2024 – Target had its price target lowered by analysts at BMO Capital Markets from $160.00 to $120.00. They now have a “market perform” rating on the stock.
• 11/21/2024 – Target had its price target lowered by analysts at Evercore ISI from $165.00 to $130.00. They now have an “in-line” rating on the stock.
• 11/21/2024 – Target was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “hold” rating.
• 11/21/2024 – Target had its price target lowered by analysts at Stifel Nicolaus from $165.00 to $137.00. They now have a “hold” rating on the stock.
• 11/21/2024 – Target had its price target lowered by analysts at TD Cowen from $165.00 to $145.00. They now have a “hold” rating on the stock.
• 11/21/2024 – Target had its price target lowered by analysts at Guggenheim from $180.00 to $145.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Target had its price target lowered by analysts at Bank of America Co. from $195.00 to $160.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Target had its price target lowered by analysts at Wells Fargo & Company from $180.00 to $150.00. They now have an “overweight” rating on the stock.
• 11/20/2024 – Target had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $195.00 price target on the stock.
• 11/20/2024 – Target was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $130.00 price target on the stock, down previously from $188.00.
• 11/20/2024 – Target was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating.
• 11/20/2024 – Target was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $138.00 price target on the stock.
• 11/20/2024 – Target was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating. They now have a $108.00 price target on the stock, down previously from $184.00.
• 11/13/2024 – Target had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $195.00 price target on the stock.
• 11/12/2024 – Target was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 11/4/2024 – Target was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 10/24/2024 – Target was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 10/22/2024 – Target is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating and a $168.00 price target on the stock.
• 10/22/2024 – Target had its price target lowered by analysts at Evercore ISI from $170.00 to $165.00. They now have an “in-line” rating on the stock.

Target Stock Down 0.8 %

TGT traded down $1.00 during midday trading on Tuesday, hitting $129.72. 2,446,552 shares of the company’s stock traded hands, compared to its average volume of 4,465,064. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market cap of $59.44 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18. The stock’s fifty day simple moving average is $148.86 and its 200-day simple moving average is $148.45. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the company earned $2.10 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 3.45%. Target’s dividend payout ratio (DPR) is 47.51%.

Insider Activity

In related news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the sale, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 4.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by insiders.

Institutional Trading of Target

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its position in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares during the last quarter. FMR LLC raised its stake in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the period. Geode Capital Management LLC lifted its holdings in Target by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after purchasing an additional 130,691 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Target by 6.8% in the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after purchasing an additional 279,656 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Target by 11.4% in the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after purchasing an additional 440,307 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.