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.

Analyst Recommendations for Target Corp. (NYSE:TGT)

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%.

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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.

5 Day Chart for NYSE:TGT

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