Telsey Advisory Group Cuts Target (NYSE:TGT) Price Target to $145.00

Target (NYSE:TGT) had its price target dropped by analysts at Telsey Advisory Group from $150.00 to $145.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 23.88% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Sanford C. Bernstein raised their price target on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, January 28th. Roth Mkm dropped their price target on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Truist Financial upped their target price on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Finally, Bank of America decreased their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $156.27.

Target Stock Performance

Shares of NYSE TGT opened at $117.05 on Wednesday. The business’s 50-day simple moving average is $133.23 and its 200-day simple moving average is $142.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target has a 52 week low of $112.53 and a 52 week high of $181.86. The firm has a market cap of $53.63 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.94 and a beta of 1.15.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, equities research analysts expect that Target will post 8.69 earnings per share for the current fiscal year.

Institutional Trading of Target

Hedge funds have recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new position in Target during the 3rd quarter worth $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Target during the fourth quarter valued at $29,000. Bernard Wealth Management Corp. acquired a new position in shares of Target during the fourth quarter valued at $29,000. MCF Advisors LLC increased its position in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. raised its holdings in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Company Profile

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.