Target (NYSE:TGT) Stock Rating Lowered by Zacks Research

Target (NYSE:TGT) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Truist Financial dropped their target price on Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price target on shares of Target in a research note on Wednesday, August 20th. Wedbush reissued an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Barclays reissued an “underweight” rating and issued a $91.00 price target on shares of Target in a research note on Monday, July 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $109.00.

Target Stock Up 2.2%

NYSE TGT opened at $91.98 on Tuesday. The stock has a market cap of $41.80 billion, a PE ratio of 10.72, a P/E/G ratio of 2.74 and a beta of 1.18. Target has a fifty-two week low of $85.36 and a fifty-two week high of $158.42. The business has a 50 day moving average price of $91.02 and a two-hundred day moving average price of $96.41. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.04 by $0.01. The company had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, sell-side analysts predict that Target will post 8.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. JNBA Financial Advisors grew its holdings in Target by 3.0% in the 2nd quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after buying an additional 96 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in shares of Target by 32.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock worth $41,000 after purchasing an additional 98 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in shares of Target by 0.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after purchasing an additional 100 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares in the last quarter. Finally, Guardian Wealth Advisors LLC grew its holdings in shares of Target by 2.6% during the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock worth $422,000 after purchasing an additional 104 shares in 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.