Target’s (TGT) “Neutral” Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their neutral rating on shares of Target (NYSE:TGT) in a research report sent to investors on Wednesday,Benzinga reports. Roth Mkm currently has a $122.00 price target on the retailer’s stock, down from their previous price target of $131.00.

TGT has been the subject of several other reports. Telsey Advisory Group cut their target price on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday. Piper Sandler cut their price objective on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday. Bank of America decreased their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Stifel Nicolaus cut their price target on Target from $145.00 to $130.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Citigroup reduced their price target on Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $148.23.

Target Price Performance

Shares of TGT opened at $116.70 on Wednesday. The firm has a market cap of $53.47 billion, a PE ratio of 12.38, a P/E/G ratio of 1.94 and a beta of 1.18. Target has a 1-year low of $112.53 and a 1-year high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $132.91 and a two-hundred day simple moving average of $141.92.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, equities analysts anticipate that Target will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were paid a $1.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.84%. Target’s payout ratio is currently 50.56%.

Institutional Trading of Target

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