Target Corp. (NYSE:TGT)‘s stock had its “hold” rating reissued by equities research analysts at Nomura in a research report issued to clients and investors on Thursday. They presently have a $75.00 target price on the retailer’s stock. Nomura’s target price points to a potential downside of 1.56% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Buckingham Research raised their price target on Target Corp. to $85.00 in a report on Wednesday, November 16th. Citigroup Inc. reiterated a “buy” rating and issued a $80.00 price objective on shares of Target Corp. in a research report on Thursday, August 18th. Vetr upgraded Target Corp. from a “hold” rating to a “buy” rating and set a $79.09 price objective on the stock in a research report on Monday, August 1st. Miller Tabak initiated coverage on Target Corp. in a research report on Friday, July 29th. They issued a “buy” rating and a $87.00 price objective on the stock. Finally, Brean Capital reiterated a “buy” rating and issued a $28.00 price objective on shares of Target Corp. in a research report on Saturday, October 8th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $74.62.

Analyst Recommendations for Target Corp. (NYSE:TGT)

Shares of Target Corp. (NYSE:TGT) opened at 76.19 on Thursday. Target Corp. has a 12 month low of $65.50 and a 12 month high of $84.14. The stock’s 50 day moving average price is $69.08 and its 200-day moving average price is $70.76. The firm has a market capitalization of $43.79 billion, a price-to-earnings ratio of 14.10 and a beta of 0.59.

Target Corp. (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 16th. The retailer reported $1.04 earnings per share for the quarter, beating the Zacks’ 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 firm earned $16.44 billion during the quarter, compared to analysts’ expectations of $16.30 billion. During the same period last year, the firm posted $0.86 EPS. The business’s revenue was down 6.7% on a year-over-year basis. On average, equities research analysts predict that Target Corp. will post $5.16 EPS for the current fiscal year.

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

Several large investors have recently modified their holdings of the company. Johanson Financial Advisors Inc. boosted 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 worth $329,000 after buying an additional 17 shares in the last quarter. First Financial Bank N.A. Trust Division boosted 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 worth $495,000 after buying an additional 22 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted 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 worth $208,000 after buying an additional 24 shares in the last quarter. Community Bank N.A. boosted 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 worth $460,000 after buying an additional 29 shares in the last quarter. Finally, Balentine LLC boosted its stake in shares of Target Corp. by 1.0% in the third quarter. Balentine LLC now owns 3,114 shares of the retailer’s stock worth $214,000 after buying an additional 30 shares in the last quarter. Institutional investors own 84.37% of the company’s stock.

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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