Target Corporation (NYSE:TGT) Receives $112.69 Consensus Target Price from Analysts

Target Corporation (NYSE:TGT) has been given an average recommendation of “Hold” by the thirty-six brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, twenty-three have given a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $110.4839.

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Target from $90.00 to $107.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. Loop Capital set a $95.00 price objective on shares of Target in a report on Thursday, July 17th. Wedbush reaffirmed an “outperform” rating on shares of Target in a report on Thursday, July 17th. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Bank of America reaffirmed an “underperform” rating and set a $93.00 price objective (down from $105.00) on shares of Target in a report on Friday, August 15th.

Target Stock Up 1.4%

TGT opened at $88.31 on Friday. The company has a fifty day moving average price of $98.17 and a 200-day moving average price of $98.43. The firm has a market capitalization of $40.13 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. Target has a one year low of $86.30 and a one year high of $161.50.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period in the previous year, the business earned $2.57 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities research analysts expect that Target will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a $1.14 dividend. This is a boost from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s payout ratio is presently 53.15%.

Institutional Trading of Target

Hedge funds have recently added to or reduced their stakes in the business. Punch & Associates Investment Management Inc. lifted its stake in Target by 48.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer’s stock worth $8,786,000 after purchasing an additional 27,329 shares during the last quarter. DSG Capital Advisors LLC lifted its stake in Target by 16.1% in the first quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer’s stock worth $16,347,000 after purchasing an additional 21,726 shares during the last quarter. Viking Fund Management LLC lifted its stake in Target by 20.0% in the first quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer’s stock worth $6,262,000 after purchasing an additional 10,000 shares during the last quarter. Correct Capital Wealth Management lifted its stake in Target by 44.7% in the first quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer’s stock worth $1,415,000 after purchasing an additional 4,189 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Target in the first quarter worth $4,623,000. 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.