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.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 22nd. The retailer reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.07. Target had a net margin of 4.19% and a return on equity of 24.29%. The business had revenue of $17.78 billion for the quarter, compared to analyst estimates of $17.33 billion. During the same period in the previous year, the business posted $1.23 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Target will post 5.4 earnings per share for the current fiscal year.

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.

About Target

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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The Fly

Analyst Recommendations for Target (NYSE:TGT)

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