Target (TGT) Price Target Cut to $80.00 by Analysts at Telsey Advisory Group
Target (NYSE:TGT) had its target price cut by Telsey Advisory Group from $83.00 to $80.00 in a research report report published on Wednesday morning, MarketBeat.com reports. They currently have a market perform rating on the retailer’s stock.
A number of other research firms have also recently commented on TGT. ValuEngine raised shares of Target from a hold rating to a buy rating in a research note on Tuesday, February 13th. Moffett Nathanson started coverage on shares of Target in a research note on Monday, December 4th. They set a neutral rating for the company. Vetr cut shares of Target from a hold rating to a sell rating and set a $73.66 price target for the company. in a research note on Thursday, February 15th. Stifel Nicolaus reaffirmed a hold rating and set a $75.00 price target on shares of Target in a research note on Thursday, January 11th. Finally, Susquehanna Bancshares raised shares of Target from a neutral rating to a positive rating and lifted their price target for the stock from $54.00 to $70.00 in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $73.97.
Shares of Target (NYSE:TGT) opened at $70.49 on Wednesday. Target has a fifty-two week low of $48.56 and a fifty-two week high of $78.70. The company has a quick ratio of 0.27, a current ratio of 0.95 and a debt-to-equity ratio of 0.97. The firm has a market cap of $38,720.00, a PE ratio of 15.06, a PEG ratio of 3.11 and a beta of 0.71.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st were given a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.48 annualized dividend and a yield of 3.52%. Target’s dividend payout ratio (DPR) is 52.99%.
In other news, insider Robert M. Harrison sold 8,557 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $76.74, for a total value of $656,664.18. Following the completion of the sale, the insider now owns 13,288 shares in the company, valued at approximately $1,019,721.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,262 shares of company stock valued at $1,185,484. 0.25% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of TGT. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Target by 25.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 236,469 shares of the retailer’s stock valued at $13,954,000 after purchasing an additional 47,705 shares in the last quarter. BT Investment Management Ltd raised its holdings in shares of Target by 98.2% in the 3rd quarter. BT Investment Management Ltd now owns 58,704 shares of the retailer’s stock valued at $3,463,000 after purchasing an additional 29,081 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Target by 1.3% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 77,946 shares of the retailer’s stock valued at $4,600,000 after purchasing an additional 1,007 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Target by 1.3% in the 3rd quarter. State of Wisconsin Investment Board now owns 599,098 shares of the retailer’s stock valued at $35,353,000 after purchasing an additional 7,720 shares in the last quarter. Finally, Smith Moore & CO. bought a new stake in shares of Target in the 3rd quarter valued at about $233,000. Institutional investors and hedge funds own 85.91% of the company’s stock.
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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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