Target (NYSE:TGT) Stock Rating Upgraded by KGI Securities

Target (NYSE:TGT) was upgraded by investment analysts at KGI Securities to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. BMO Capital Markets cut their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. UBS Group cut their price objective on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday. Roth Mkm reiterated a “neutral” rating and set a $122.00 price objective (down from $131.00) on shares of Target in a report on Wednesday. Finally, The Goldman Sachs Group cut their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $147.00.

Target Price Performance

Target stock opened at $113.78 on Wednesday. Target has a 12-month low of $112.53 and a 12-month high of $181.86. The stock has a market capitalization of $52.13 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.94 and a beta of 1.18. The firm’s 50-day moving average is $132.46 and its two-hundred day moving average is $141.72. 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 quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Equities analysts predict that Target will post 8.69 earnings per share for the current year.

Institutional Trading of Target

A number of hedge funds and other institutional investors have recently made changes to their positions in TGT. Harbor Capital Advisors Inc. bought a new stake in shares of Target in the third quarter worth $49,000. Impax Asset Management Group plc increased its stake in shares of Target by 8.6% in the third quarter. Impax Asset Management Group plc now owns 241,447 shares of the retailer’s stock worth $37,632,000 after buying an additional 19,095 shares during the last quarter. Consolidated Planning Corp bought a new stake in shares of Target in the third quarter worth $207,000. LS Investment Advisors LLC increased its stake in shares of Target by 1.8% in the third quarter. LS Investment Advisors LLC now owns 15,020 shares of the retailer’s stock worth $2,341,000 after buying an additional 260 shares during the last quarter. Finally, Hudson Value Partners LLC bought a new stake in shares of Target in the third quarter worth $204,000. Institutional investors own 79.73% of the company’s stock.

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.