Target Co. (NYSE:TGT) has been given an average recommendation of “Hold” by the thirty brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $63.29.

A number of research analysts have issued reports on TGT shares. Vetr cut Target from a “buy” rating to a “hold” rating and set a $59.67 price objective for the company. in a research note on Monday, August 7th. Moffett Nathanson started coverage on Target in a research note on Monday. They set a “neutral” rating for the company. Zacks Investment Research cut Target from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. BMO Capital Markets reiterated a “market weight” rating on shares of Target in a research note on Thursday, September 14th. Finally, Jefferies Group reissued a “hold” rating on shares of Target in a report on Friday, August 25th.

In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target stock in a transaction on Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Heritage Trust Co grew its holdings in Target by 129.7% during the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after purchasing an additional 1,000 shares during the period. SevenBridge Financial Group LLC grew its holdings in Target by 2,200.0% during the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after purchasing an additional 1,826 shares during the period. Parallel Advisors LLC grew its holdings in Target by 23.8% during the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares during the period. Davidson Investment Advisors grew its holdings in Target by 18.5% during the first quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock valued at $141,000 after purchasing an additional 400 shares during the period. Finally, Jacobi Capital Management LLC grew its holdings in Target by 109.8% during the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after purchasing an additional 1,310 shares during the period. 87.41% of the stock is owned by institutional investors.

Shares of Target (NYSE:TGT) traded down $0.36 during trading hours on Thursday, reaching $62.20. The company’s stock had a trading volume of 8,184,141 shares, compared to its average volume of 7,440,670. The stock has a market capitalization of $33,090.00, a PE ratio of 12.40, a price-to-earnings-growth ratio of 7.36 and a beta of 0.64. Target has a 1-year low of $48.56 and a 1-year high of $78.42. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 earnings per share. sell-side analysts predict that Target will post 4.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Tuesday, November 14th. Target’s payout ratio is currently 52.10%.

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Target Company Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

Analyst Recommendations for Target (NYSE:TGT)

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