KeyCorp Initiates Coverage on Target (TGT)
Equities research analysts at KeyCorp assumed coverage on shares of Target (NYSE:TGT) in a research report issued to clients and investors on Friday, The Fly reports. The firm set an “overweight” rating on the retailer’s stock.
A number of other brokerages have also issued reports on TGT. Bank of America set a $90.00 price target on shares of Target and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Citigroup boosted their price target on shares of Target from $76.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday, August 27th. Credit Suisse Group set a $86.00 price target on shares of Target and gave the stock a “hold” rating in a research note on Saturday, August 25th. Deutsche Bank set a $90.00 price target on shares of Target and gave the stock a “hold” rating in a research note on Saturday, August 25th. Finally, BMO Capital Markets assumed coverage on shares of Target in a research note on Monday, September 17th. They set a “market perform” rating and a $88.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $88.74.
Shares of Target stock opened at $80.76 on Friday. Target has a 52-week low of $54.13 and a 52-week high of $90.39. The company has a current ratio of 0.82, a quick ratio of 0.17 and a debt-to-equity ratio of 1.09. The stock has a market cap of $44.38 billion, a PE ratio of 17.15, a PEG ratio of 2.32 and a beta of 0.73.
In other Target news, insider Stephanie A. Lundquist sold 2,100 shares of the company’s stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $86.00, for a total transaction of $180,600.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Janna A. Potts sold 15,172 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $88.00, for a total transaction of $1,335,136.00. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Banco de Sabadell S.A purchased a new stake in shares of Target in the third quarter valued at about $937,000. First Heartland Consultants Inc. purchased a new stake in shares of Target in the third quarter valued at about $217,000. Equitable Trust Co. lifted its holdings in shares of Target by 10.2% in the third quarter. Equitable Trust Co. now owns 21,527 shares of the retailer’s stock valued at $1,899,000 after purchasing an additional 1,993 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Target in the third quarter valued at about $201,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Target by 114.5% in the third quarter. AQR Capital Management LLC now owns 10,474,816 shares of the retailer’s stock valued at $923,984,000 after purchasing an additional 5,590,395 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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