Vetr downgraded shares of Target Corp. (NYSE:TGT) from a buy rating to a hold rating in a research note issued to investors on Monday. They currently have $69.32 price objective on the retailer’s stock.

Several other brokerages have also recently issued reports on TGT. Jefferies Group restated a hold rating and issued a $72.00 target price on shares of Target Corp. in a report on Thursday, August 18th. Zacks Investment Research cut Target Corp. from a hold rating to a sell rating in a report on Tuesday, October 18th. Nomura set a $75.00 price target on Target Corp. and gave the stock a hold rating in a report on Friday, October 7th. Edward Jones cut Target Corp. from a buy rating to a hold rating in a report on Wednesday, August 17th. Finally, Morgan Stanley set a $64.00 price target on Target Corp. and gave the stock a sell rating in a report on Friday, August 19th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $74.54.

Target Corp. (NYSE:TGT) opened at 68.81 on Monday. Target Corp. has a one year low of $65.50 and a one year high of $84.14. The firm has a 50-day moving average of $68.08 and a 200-day moving average of $71.09. The company has a market capitalization of $39.55 billion, a P/E ratio of 12.73 and a beta of 0.59.

Target Corp. (NYSE:TGT) last issued its earnings results on Wednesday, August 17th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.11. The company earned $16.20 billion during the quarter. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 earnings per share. On average, analysts anticipate that Target Corp. will post $4.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, November 14th. Target Corp.’s payout ratio is 44.44%.

Large investors have recently modified their holdings of the company. Johanson Financial Advisors Inc. increased its stake in shares of Target Corp. by 0.4% in the second quarter. Johanson Financial Advisors Inc. now owns 4,733 shares of the retailer’s stock valued at $329,000 after buying an additional 17 shares during the last quarter. First Financial Bank N.A. Trust Division increased its stake in shares of Target Corp. by 0.3% in the third quarter. First Financial Bank N.A. Trust Division now owns 7,208 shares of the retailer’s stock valued at $495,000 after buying an additional 22 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in shares of Target Corp. by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,985 shares of the retailer’s stock valued at $208,000 after buying an additional 24 shares during the last quarter. Community Bank N.A. increased its stake in shares of Target Corp. by 0.4% in the third quarter. Community Bank N.A. now owns 6,707 shares of the retailer’s stock valued at $460,000 after buying an additional 29 shares during the last quarter. Finally, Homrich & Berg increased its stake in shares of Target Corp. by 1.0% in the third quarter. Homrich & Berg now owns 3,554 shares of the retailer’s stock valued at $244,000 after buying an additional 34 shares during the last quarter. 85.91% of the stock is owned by institutional investors.

Target Corp. Company Profile

Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

5 Day Chart for NYSE:TGT

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