Target Corp. (TGT) Upgraded at Vetr Inc.
Target Corp. (NYSE:TGT) was upgraded by Vetr from a “sell” rating to a “hold” rating in a report released on Monday. The firm currently has a $77.48 price target on the retailer’s stock. Vetr‘s target price points to a potential downside of 1.44% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on TGT. Nomura set a $75.00 target price on Target Corp. and gave the stock a “hold” rating in a report on Thursday, August 11th. Jefferies Group reaffirmed an “in-line” rating and issued a $72.00 target price on shares of Target Corp. in a report on Friday, August 12th. Deutsche Bank AG upped their target price on Target Corp. from $78.00 to $79.00 and gave the stock a “hold” rating in a report on Monday, August 15th. MKM Partners reaffirmed a “neutral” rating and issued a $78.00 target price (up previously from $73.00) on shares of Target Corp. in a report on Tuesday, August 16th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $75.00 target price (down previously from $81.00) on shares of Target Corp. in a report on Wednesday, August 17th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $75.02.
Target Corp. (NYSE:TGT) opened at 78.61 on Monday. The company has a market cap of $44.31 billion, a PE ratio of 13.99 and a beta of 0.59. 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 $70.18 and its 200 day moving average price is $70.66.
Target Corp. (NYSE:TGT) last issued its earnings results on Wednesday, November 16th. The retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earned $16.44 billion during the quarter, compared to analysts’ expectations of $16.30 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. Equities research analysts anticipate that Target Corp. will post $5.20 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Monday, November 14th. Target Corp.’s dividend payout ratio is currently 42.93%.
In other Target Corp. news, Director Anne M. Mulcahy sold 3,957 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $75.45, for a total value of $298,555.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC increased its stake in Target Corp. by 100.0% in the third quarter. Penserra Capital Management LLC now owns 1,512 shares of the retailer’s stock worth $103,000 after buying an additional 756 shares in the last quarter. Ropes Wealth Advisors LLC raised its position in Target Corp. by 9.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer’s stock worth $107,000 after buying an additional 127 shares during the last quarter. Kanaly Trust Co raised its position in Target Corp. by 11.2% in the third quarter. Kanaly Trust Co now owns 1,534 shares of the retailer’s stock worth $105,000 after buying an additional 154 shares during the last quarter. First National Bank Sioux Falls raised its position in Target Corp. by 18.5% in the third quarter. First National Bank Sioux Falls now owns 1,603 shares of the retailer’s stock worth $110,000 after buying an additional 250 shares during the last quarter. Finally, Arcadia Investment Management Corp MI raised its position in Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock worth $119,000 after buying an additional 500 shares during the last quarter. 84.37% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Target Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corp. and related stocks with our FREE daily email newsletter.