Target Corp. (NYSE:TGT) has earned a consensus recommendation of “Hold” from the twenty-nine analysts that are currently covering the stock. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $74.32.

Several analysts have commented on the company. Cowen and Company reiterated an “outperform” rating and set a $75.00 target price (down from $81.00) on shares of Target Corp. in a research note on Wednesday, August 17th. Vetr downgraded Target Corp. from a “buy” rating to a “sell” rating and set a $66.50 target price on the stock. in a research note on Monday, October 3rd. Zacks Investment Research upgraded Target Corp. from a “sell” rating to a “hold” rating and set a $85.00 target price on the stock in a research note on Monday, November 14th. Credit Suisse Group AG reiterated a “hold” rating and set a $72.00 target price on shares of Target Corp. in a research note on Sunday, August 21st. Finally, Jefferies Group set a $72.00 target price on Target Corp. and gave the company a “hold” rating in a research note on Tuesday, October 4th.

Large investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Target Corp. by 13.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,035,746 shares of the retailer’s stock valued at $910,156,000 after buying an additional 1,545,167 shares during the period. Dodge & Cox boosted its stake in shares of Target Corp. by 12.9% in the second quarter. Dodge & Cox now owns 11,757,005 shares of the retailer’s stock valued at $820,874,000 after buying an additional 1,341,678 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Target Corp. by 2.0% in the third quarter. BlackRock Fund Advisors now owns 8,348,981 shares of the retailer’s stock valued at $573,408,000 after buying an additional 165,621 shares during the period. BlackRock Group LTD boosted its stake in shares of Target Corp. by 3.9% in the second quarter. BlackRock Group LTD now owns 6,339,423 shares of the retailer’s stock valued at $442,618,000 after buying an additional 236,371 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Target Corp. by 6.4% in the third quarter. LSV Asset Management now owns 4,849,168 shares of the retailer’s stock valued at $333,040,000 after buying an additional 292,180 shares during the period. 84.41% of the stock is currently owned by hedge funds and other institutional investors.

Target Corp. (NYSE:TGT) opened at 76.19 on Monday. Target Corp. has a 52-week low of $65.50 and a 52-week high of $84.14. The stock has a market capitalization of $43.79 billion, a PE ratio of 14.10 and a beta of 0.59. The company’s 50-day moving average price is $68.88 and its 200 day moving average price is $70.72.

Target Corp. (NYSE:TGT) last issued its earnings results on Wednesday, November 16th. The retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. Target Corp. had a return on equity of 25.18% and a net margin of 4.75%. The business had revenue of $16.44 billion for the quarter, compared to the consensus estimate of $16.30 billion. During the same period last year, the business posted $0.86 EPS. The company’s revenue was down 6.7% compared to the same quarter last year. Equities analysts forecast that Target Corp. will post $5.10 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be issued a $0.60 dividend. The ex-dividend date is Monday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 3.15%. Target Corp.’s dividend payout ratio (DPR) is 42.93%.

About Target Corp.

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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