Target Co. (TGT) Receives Average Rating of “Hold” from Analysts
Target Co. (NYSE:TGT) has received a consensus rating of “Hold” from the twenty-six research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $68.81.
A number of brokerages have recently weighed in on TGT. Cowen set a $80.00 price objective on shares of Target and gave the company a “hold” rating in a report on Thursday, February 8th. Vetr upgraded shares of Target from a “sell” rating to a “hold” rating and set a $72.52 price objective on the stock in a report on Monday, February 5th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a report on Saturday, January 20th. MKM Partners set a $93.00 price objective on shares of Target and gave the company a “buy” rating in a report on Friday, January 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $75.00 price objective on shares of Target in a report on Thursday, January 11th.
Shares of Target (NYSE:TGT) traded up $2.00 on Tuesday, hitting $73.88. 4,401,870 shares of the stock were exchanged, compared to its average volume of 7,670,000. Target has a fifty-two week low of $48.56 and a fifty-two week high of $78.70. The firm has a market cap of $40,160.00, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 3.42 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27.
The business also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio (DPR) is 52.10%.
In other Target news, insider Robert M. Harrison sold 8,557 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $76.74, for a total transaction of $656,664.18. Following the transaction, the insider now directly owns 13,288 shares of the company’s stock, valued at approximately $1,019,721.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie A. Lundquist sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total transaction of $234,240.00. Following the transaction, the insider now directly owns 16,906 shares in the company, valued at $1,320,020.48. The disclosure for this sale can be found here. Insiders sold a total of 16,262 shares of company stock worth $1,185,484 over the last ninety days. Insiders own 0.20% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Heritage Trust Co grew its position in Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after purchasing an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC boosted its holdings in shares of Target by 2,200.0% in the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after acquiring an additional 1,826 shares in the last quarter. Security Asset Management purchased a new stake in shares of Target in the fourth quarter valued at about $115,000. First Mercantile Trust Co. purchased a new stake in shares of Target in the fourth quarter valued at about $124,000. Finally, Jacobi Capital Management LLC boosted its holdings in shares of Target by 109.8% in the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after acquiring an additional 1,310 shares in the last quarter. 87.85% of the stock is currently owned by institutional investors.
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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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