Target (NYSE:TGT) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Target (NYSE:TGT) in a report issued on Friday,Benzinga reports. They currently have a $110.00 price objective on the retailer’s stock.

Several other research firms have also issued reports on TGT. Loop Capital set a $95.00 price objective on Target in a research note on Thursday, July 17th. UBS Group reduced their target price on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Finally, Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $108.71.

Target Price Performance

NYSE TGT opened at $89.96 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $40.88 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. Target has a 12-month low of $85.36 and a 12-month high of $158.42. The company has a 50 day moving average price of $90.54 and a two-hundred day moving average price of $96.21.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities analysts predict that Target will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is 53.15%.

Institutional Investors Weigh In On Target

Hedge funds have recently added to or reduced their stakes in the company. WFA of San Diego LLC acquired a new position in Target during the second quarter worth $25,000. Raleigh Capital Management Inc. boosted its stake in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. Kozak & Associates Inc. raised its stake in shares of Target by 2,530.0% in the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares during the last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of Target in the third quarter valued at approximately $27,000. Finally, Investment Research & Advisory Group Inc. purchased a new position in shares of Target during the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.