The Goldman Sachs Group Has Lowered Expectations for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its price target dropped by stock analysts at The Goldman Sachs Group from $166.00 to $142.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 22.90% from the stock’s current price.

TGT has been the topic of several other reports. BMO Capital Markets decreased their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. Sanford C. Bernstein upped their price objective on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, January 28th. Evercore ISI cut their target price on Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, TD Cowen cut their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $150.73.

Target Trading Down 1.4 %

Target stock traded down $1.60 during mid-day trading on Wednesday, hitting $115.54. The company’s stock had a trading volume of 3,163,082 shares, compared to its average volume of 5,794,108. The business has a 50 day moving average price of $133.23 and a 200-day moving average price of $142.09. Target has a 12 month low of $112.53 and a 12 month high of $181.86. The stock has a market cap of $52.94 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

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

Hedge Funds Weigh In On Target

Institutional investors have recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new position in shares of Target in the 3rd quarter valued at $28,000. Bernard Wealth Management Corp. bought a new stake in shares of Target in the 4th quarter valued at about $30,000. Hopwood Financial Services Inc. purchased a new position in shares of Target in the 4th quarter worth approximately $29,000. FSA Wealth Management LLC bought a new position in shares of Target during the 3rd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Target during the third quarter worth $38,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

About Target

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.