Target (NYSE:TGT) Price Target Raised to $100.00 at Evercore ISI

Target (NYSE:TGT) had its target price hoisted by research analysts at Evercore ISI from $95.00 to $100.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “in-line” rating on the retailer’s stock. Evercore ISI’s target price points to a potential downside of 11.12% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Argus lowered their target price on shares of Target from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, December 1st. Robert W. Baird decreased their price objective on Target from $100.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Mizuho cut their target price on Target from $94.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of Target in a report on Thursday, December 18th. Ten research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $103.21.

Target Stock Up 2.7%

Shares of TGT stock traded up $2.98 on Tuesday, reaching $112.51. 1,272,454 shares of the company were exchanged, compared to its average volume of 6,252,513. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. The company has a 50-day moving average of $99.80 and a 200-day moving average of $96.33. The company has a market cap of $50.95 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 11.47 and a beta of 1.12. Target has a one year low of $83.44 and a one year high of $137.05.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The business had revenue of $25.27 billion during the quarter, compared to analyst estimates of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Analysts anticipate that Target will post 8.69 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JNBA Financial Advisors increased its stake in shares of Target by 3.0% during the 2nd quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after purchasing an additional 96 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in Target by 32.3% during the second quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after purchasing an additional 98 shares during the period. OMERS ADMINISTRATION Corp increased its position in Target by 0.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after buying an additional 100 shares during the last quarter. Neumann Capital Management LLC increased its position in Target by 0.8% in the fourth quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock worth $1,298,000 after buying an additional 100 shares during the last quarter. Finally, Binnacle Investments Inc raised its stake in shares of Target by 11.4% in the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock valued at $100,000 after buying an additional 104 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.