UBS Group upgraded shares of Target (NYSE:TGT) from a neutral rating to a positive rating in a report released on Wednesday, The Fly reports.

A number of other research analysts have also commented on the company. Vetr lowered Target from a strong-buy rating to a buy rating and set a $64.00 target price for the company. in a research note on Monday, November 20th. Zacks Investment Research lowered Target from a buy rating to a hold rating in a research note on Monday, October 23rd. Morgan Stanley cut their target price on Target from $52.00 to $50.00 and set an underweight rating for the company in a research note on Thursday, November 16th. Barclays set a $45.00 target price on Target and gave the company a sell rating in a research note on Wednesday, November 15th. Finally, Wells Fargo & Co started coverage on Target in a research note on Friday, November 3rd. They issued a market perform rating and a $62.00 target price for the company. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $66.15.

Target (NYSE TGT) traded up $2.80 on Wednesday, hitting $76.80. The stock had a trading volume of 14,842,440 shares, compared to its average volume of 7,550,000. Target has a 12 month low of $48.56 and a 12 month high of $77.00. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $41,750.00, a PE ratio of 16.13, a price-to-earnings-growth ratio of 3.95 and a beta of 0.63.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. Target’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. equities research analysts anticipate that Target will post 4.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 annualized dividend and a yield of 3.23%. Target’s dividend payout ratio is currently 52.10%.

In other Target news, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Peddock Capital Advisors LLC increased its stake in shares of Target by 5.6% in the second quarter. Peddock Capital Advisors LLC now owns 16,300 shares of the retailer’s stock valued at $852,000 after buying an additional 871 shares in the last quarter. Pax World Management LLC increased its stake in shares of Target by 166.7% in the second quarter. Pax World Management LLC now owns 10,400 shares of the retailer’s stock valued at $544,000 after buying an additional 6,500 shares in the last quarter. Boston Private Wealth LLC increased its stake in shares of Target by 4.5% in the second quarter. Boston Private Wealth LLC now owns 53,455 shares of the retailer’s stock valued at $2,795,000 after buying an additional 2,285 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of Target by 17.3% in the second quarter. Cadence Capital Management LLC now owns 184,860 shares of the retailer’s stock valued at $9,666,000 after buying an additional 27,327 shares in the last quarter. Finally, Tocqueville Asset Management L.P. increased its stake in shares of Target by 17.5% in the second quarter. Tocqueville Asset Management L.P. now owns 363,969 shares of the retailer’s stock valued at $19,032,000 after buying an additional 54,156 shares in the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.

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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.

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Analyst Recommendations for Target (NYSE:TGT)

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