Target Co. (NYSE:TGT)’s share price gapped down before the market opened on Friday . The stock had previously closed at $68.63, but opened at $68.29. Target shares last traded at $69.52, with a volume of 2698908 shares trading hands.

Several brokerages have recently commented on TGT. Morgan Stanley reduced their target price on Target from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, November 23rd. Cowen upgraded shares of Target from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research report on Wednesday, November 7th. Buckingham Research initiated coverage on shares of Target in a research report on Thursday, November 15th. They set a “buy” rating and a $102.00 target price for the company. Citigroup dropped their target price on shares of Target from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, December 3rd. Finally, Barclays reissued a “hold” rating and issued a $85.00 price target on shares of Target in a report on Wednesday, November 21st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Target currently has a consensus rating of “Hold” and an average price target of $86.92.

The firm has a market capitalization of $36.68 billion, a P/E ratio of 14.79, a P/E/G ratio of 2.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.13 and a current ratio of 0.83.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, November 20th. The retailer reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.02). The firm had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.81 billion. Target had a return on equity of 25.02% and a net margin of 4.31%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS. On average, equities analysts predict that Target Co. will post 5.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 10th. Investors of record on Wednesday, February 20th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.68%. Target’s dividend payout ratio is 54.35%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new stake in Target in the third quarter valued at approximately $104,000. Csenge Advisory Group acquired a new stake in Target in the third quarter valued at approximately $109,000. ELM Advisors LLC acquired a new stake in Target in the third quarter valued at approximately $141,000. Mount Yale Investment Advisors LLC raised its stake in shares of Target by 73.0% during the second quarter. Mount Yale Investment Advisors LLC now owns 2,109 shares of the retailer’s stock valued at $161,000 after acquiring an additional 890 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new position in shares of Target during the third quarter valued at $176,000. Institutional investors and hedge funds own 82.89% of the company’s stock.

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About Target (NYSE:TGT)

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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